Blockchain News

WatchData Adds API Support for the Polygon Blockchain and Opens It Up to Developers

WatchData Adds API Support for the Polygon Blockchain and Opens It Up to Developers

TheWatch, a technology company making blockchain seamlessly accessible to developers, has announced the addition of Polygon to its flagship product WatchData. WatchData now lets developers access the Polygon blockchain through its Powered API, extract information and easily build apps on top of it.

Latest Fintech News: Ushur Launches Insurance Automation Portfolio in AWS Marketplace

Polygon is a Layer-2 solution built to help Ethereum expand in efficiency, security, size, and usefulness. Instead of relying on the classic Proof-of-Work algorithm, Polygon uses Proof-of-Stake. Polygon is EVM-compatible, meaning you can use it just like Ethereum but avoid the low throughput and high transaction fees. Even Instagram launched digital collectibles on Polygon.

WatchData provides web3 developers with a single API to seamlessly access blockchains: its suite of tools and superior infrastructure enables developers to build apps and services with ease. WatchData turns transaction blocks into accessible datasets ready for thorough analysis and research. Thanks to the infrastructure developed by the team, their Powered API solution is compatible with any EVM-based blockchain and can be rolled out quickly.

Latest Fintech News: Vendetta Finance Acquires a 25% Stake in Start-Up CaaS Project Carbon Trope

Over 460 companies are using WatchData, and this number is growing every month. In addition to Polygon, WatchData supports Ethereum, Bitcoin, Binance Smart Chain, and Tron where users have access to historical data and data from the node directly. Customers use WatchData for analytics, portfolio tracking, wallet, and payment services as well as for building DeFi products and dApps for their needs: the web3 community included WatchData in related roadmaps such as DeFi Developer Road Map, web3-tools, and others.

“We’re excited to make Polygon available to our customers. It has been one of the most popular layer-2 solutions for Ethereum thanks to its fees and compatibility”, says Svyatoslav Dorofeev, CEO of TheWatch. “We made a lot of smart decisions which required upfront investments but since then we can easily implement support for other EVM-compatible chains”.

TheWatch also develops WatchBlock, a SaaS tool that offers a simple, convenient and intuitive dashboard, provides insights into transaction data, purchase history, and risk management to Virtual Asset Service Providers. All client transaction monitoring and related operations are handled by WatchData solutions, which ensures higher speed and guarantees security.

Latest Fintech News: DIFX Partners with Crypto Oasis to Further Establish Its Foothold in the Competitive Global Crypto Market

[To share your insights with us, please write to sghosh@martechseries.com]

Related posts

Community Reinvestment Fund, USA Announces CEO Transition

Fintech News Desk

Neo Financial Announces $185 Million Series C Raise at a Unicorn Valuation

Crypto-Accountancy Leaders, Kyax and Nephos, Announce New Industry Standard to Replace Current Proof of Reserves Attestation

PR Newswire
1