VANCOUVER, August 17th, 2021 - We are happy to announce that GetBlock has entered into a strategic collaboration with Covalent, a Web3 data analytics company that provides a unified API for full transparency and visibility of assets across all blockchain networks.
The crypto stack is fairly complex, and it has become evident that the faster and more efficiently you can point developers in the right direction the faster we can help the space evolve as a whole. The general crypto stack has five layers.
1. Blockchain: Where the information is published
2. Node: Where we are notified of what has happened
3. Data: How we record, and make use of what has happened
4. Application: The way we build and share with the world what has happened in our own words & designs
5. Consumer: How people engage with the information which was minted to the chain
With that being said Covalent and GetBlock are collaborating to optimize the developer experience to incrementally bring the node and data layers closer together.
We want to help developers get to what they need more easily. This could be an expedition to multi-chain, fetching data queries faster, and just less work for developers to make sure people get to #buidl #buidl #buidl.
We are happy to announce that GetBlock has entered into a strategic collaboration with Covalent, a Web3 data analytics company that provides a unified API for full transparency and visibility of assets across all blockchain networks.
Covalent is currently the only solution that allows to fully index entire blockchains, extracting terabytes of data — and its API requires no coding on the users’ side. GetBlock, on the other hand, provides some of the best-in-class infrastructure that can help Covalent to strengthen its distributed network.
With multi-chain flexibility and ‘Lego-like’ building blocks approach enabled by its API solution, Covalent allows building cryptocurrency wallets for all purposes, including multi-chain wallets. GetBlocks’ infrastructure, in turn, allows it to scale such products and power them for public use.
How this looks in practice
Dapps, wallets, and any other project using GetBlock’s node infrastructure can now enable multi-chain functionality from off the shelf APIs to expedite the go to market strategy, saving countless hours building data infrastructure.
Adding a simple Rest button will direct developers to get the quickest, easiest to query data for ETH, BSC, RSK, Polygon, and any other blockchain that is mutually supported.
Covalent API provides REST protocol support for 4 blockchain networks for which GetBlock provides Node Services (with support for more currently in the works). The networks are: Ethereum, Binance Smart Chain (BSC), Polygon (previously Matic) and RSK. Developers can sign up for an API KEY on Covalent and then start using the Covalent API to query the supported blockchain network nodes on GetBlock.
When querying supported blockchain data using the Covalent API, the primary query parameter to switch between blockchain networks is the
chain_id. So for example, to fetch all the token balances (including NFTs) of a wallet address on Ethereum and Binance Smart Chain, requests are made to the
1 for Ethereum mainnet and
56 for BSC mainnet.
See https://www.covalenthq.com/docs/networks for the full list including chain_id values.
Covalent provides a comprehensive learning resource for our API in the form of Tutorials, How-to Guides and Case Studies at https://www.covalenthq.com/docs/learn.
Quote from Deen Newman, Project Manager at GetBlock
Quote from Ganesh, Covalent CEO
GetBlock is a service that provides instant API connection to full nodes from many leading blockchain platforms. The mission of the GetBlock project is to ensure cost-effective tools and infrastructure that will help enterprises and individual developers to build high-quality blockchain applications faster.
GetBlock is among the leaders of the Blockchain-as-a-Service (BaaS) segment: its instruments are utilized daily by thousands of users worldwide. Their clients can get their wallets, DEXs, bots, games to 40+ blockchains via an intuitive API-powered dashboard.
Covalent leverages big-data technologies to create meaning from hundreds of billions of data points, delivering actionable insights to investors and allowing developers to allocate resources to higher-utility goals within their organization. Instead of pain-stakingly sourcing data from a small handful of chains, Covalent aggregates information from across dozens of sources including nodes, chains and data feeds. The Covalent API then sources end users with individualized data by wallet, including current and historical investment performance across all types of digital assets. Most importantly, Covalent returns this data in a rapid and consistent manner, incorporating all relevant data within one API interface.