BitPay isn’t the only company having some fun with open source projects.
San Francisco-based Coinbase announced Wednesday the launch of a new project called Toshi (most likely after Satoshi Nakamoto, bitcoin’s creator). Toshi is an open source bitcoin node designed for developers.
In short, the software makes it simpler for developers to build their web applications, and it’s 100 percent compatible with Bitcoin Core. Or as Coinbase says, Toshi is an API to query blockchain data. It’s written in Ruby, and it’s using the PostgreSQL database.
Developers will find that querying blockchain data with Toshi is incredibly simple. You can view the hosted version of it here.
Quoted from Coinbase’s blog post today, Toshi will allow for the following:
- read information about blocks, transactions, addresses, etc
- broadcast new transactions that you’ve generated to the network
- get stats on the blockchain like height and confirmation times
Now if you’re looking to do something a bit more complex, Toshi will allow for actions like:
- store bitcoin securely
- buy and sell bitcoin (exchange it to your local currency)
- accept bitcoin as a merchant
- create off-blockchain micro-transactions
If you’re looking for additional details on the launch of Toshi v0.1, you can follow this link here. If you wish to view Toshi’s Github page, follow this link.