Bitcoin API platform focused on developers and enterprises, BlockTrail has launched a Developer Platform, the company announced in a blog recently. The Developer Platform is a box-set of all the tools, including Blockchain Data API, Wallet API, Webhooks and Web Wallet, required to integrate developer apps with the Bitcoin capabilities.
The launch comes roughly a couple of weeks after the API developer acquired SendChat.
The company’s blog post said,
“Our goal is to encourage the Bitcoin economy by providing a secure, reliable and fast way to build and transact with Bitcoin. By breaking down the technical barriers of entry, BlockTrail is helping to grow Bitcoin’s presence in world commerce.”
The Multi-Purpose Developer Platform
BlockTrail’s Developer Platform will also enable the user to perform functions otherwise possible with a Bitcoin core client. These include:
- Send & Receive Bitcoin
- Set up a Bitcoin Exchange
- Build an ATM Network
- Create a Wallet Service
- Make a Mobile Wallet
- Set up a Trading Platform
- Build a Remittances Platform
- Enable Merchant Payments
Introduction of Multi-Signature and HD Wallets
BlockTrail has added Multi-Signature capability and HD Wallets to provide the best security available.
Multi-Signature: BlockTrail transactions require 2-of-3 keys to authorize a transaction. The company will own 1 key while the user will control the other two. This eliminates the risk of unwanted suspicious transactions while never giving BlockTrail access to users’ Bitcoins.
HD Wallet: The HD (Hierarchical Deterministic) wallet creates a new address for each transaction. This not only increases privacy by using a sterile address free of historical transaction data, but also allows for an infinite amount of addresses to be generated in an automated way, without ever requiring additional back-ups to be made.