This API integration of Ledgible with Solana will enable seamless asset management and increases accessibility to Solana’s blockchain network.

Ledgible’s API integration with Solana enables users to easily manage their assets, including digital currencies and non-fungible tokens (NFTs), with enhanced security and efficiency. This integration is a significant step forward in creating a more accessible and user-friendly platform for asset management on the blockchain.

With this integration, Ledgible’s clients can now easily transfer and track their assets on Solana’s blockchain network. Additionally, the integration provides increased transparency and traceability of transactions, further enhancing the security of asset management.

This move is part of Ledgible’s ongoing commitment to providing a comprehensive and efficient platform for asset management in the blockchain space. The company’s API integration with Solana is expected to bring significant benefits to users, including reduced transaction times and fees, enhanced security, and increased access to the Solana network.

Ledgible platform offers a wide range of features and benefits, including:

• Real-time portfolio tracking and reporting
• Comprehensive tax reporting for cryptocurrencies
• Integration with major accounting software such as Quickbooks and Xero
• AICPA SOC 1 & 2 Type 2 assurance for the highest level of security and compliance

In conclusion, the integration between Ledgible and Solana is a significant milestone for the blockchain industry. It represents a step forward in creating a more user-friendly and accessible platform for asset management, while also enhancing security and efficiency. As the adoption of blockchain technology continues to grow, we can expect to see more exciting developments like this in the future.

About Ledgible

Ledgible is the leading professional-first digital asset software platform for fund administrators, accountants, institutions, tax advisors, fintech providers, and enterprises.

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SOURCE

https://ledgible.io/news/ledgible-announces-api-integration-with-solana-for-seamless-asset-management/

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API is widely used in the cryptocurrency industry to allow developers to access data and interact with cryptocurrency exchanges, wallets, and other financial services. API also can be used to access data stored on the blockchain, such as the history of transactions for a specific address or the current state of a smart contract.

Aside from the API, there is also something known as an API key. API defines the rules for how two systems should communicate and exchange data, while the API key provides authentication and authorization for access to the resources associated with the API.

What is an API key and How Does It Work?

An API key is a unique string of characters that is passed in by a computer program to identify the calling program and provide access to the resources associated with an API.

When a developer wants to use an API, they first request an API key from the API provider. The API provider then generates a unique API key for the developer and provides it to the developer. The developer includes the API key in the requests made to the API.

When a request is made to the API, the API key is included in the request header. The API then checks the API key to determine if it is valid. If the API key is valid, the API returns the requested resources to the calling application. If the API key is invalid or has been revoked, the API will reject the request and return an error message.

Why and When to Use API Keys?

There are several reasons and scenarios why and when API keys are used:

1. Security: API keys provide an added layer of security for an API by ensuring that only authorized users or applications have access to the resources and services provided by the API.
2. Access control: API keys can be used to restrict access to an API to specific users or applications, and to limit the number of requests that can be made to the API.
3. Metrics and analytics: API keys can be used to track usage of an API, such as the number of requests made, the types of requests made, and the users or applications making the requests.
4. Billing: API keys can be used to charge for access to an API based on usage, such as the number of requests made or the amount of data used.

It’s important to note that API keys should be kept secret, as they provide access to sensitive resources and data. API keys should not be included in client-side code or shared publicly, as they can be easily exploited if they fall into the wrong hands.

What are API Keys Risks?

One major risk is that API keys can be easily leaked or stolen if they are included in publicly accessible files. This can give unauthorized access to sensitive data and resources, and can potentially result in malicious actors using the API for malicious purposes.

Another risk is that API keys can be misused if they are not properly secured or rotated. For example, if a user with malicious intent gains access to an API key, they can potentially use it to execute actions on behalf of the associated account.

To ensure the security of API keys, it is important to follow best practices for securely storing and using them. 

Best Practices to Securely Store and Using API Keys

Storing and using API keys is an important consideration to ensure the protection of sensitive information and resources. Here are some best practices for securely storing and using API keys:

1. Encryption: Encrypt the API keys before storing them, and ensure that the encryption keys are stored securely and separately from the encrypted data.
2. Server-side storage: Store the API keys on a secure server, rather than in client-side code. This makes it more difficult for an attacker to access the keys.
3. Access controls: Implement access controls to limit who has access to the API keys, and use a secure authentication mechanism such as multi-factor authentication to prevent unauthorized access.
4. Regular audits: Regularly review and audit your API key storage system to ensure that it remains secure and that no unauthorized access has occurred.
5. Use of secrets management tools: Consider using secrets management tools, such as AWS Secrets Manager or Hashicorp Vault, which are specifically designed to securely store secrets like API keys.
6. Rotate keys regularly: Regularly rotate API keys to reduce the risk of a compromised key being used to access sensitive resources.
7. Limit key permissions: Assign the minimum permissions required for an API key to function, and restrict the IP addresses that can use the key.
8. Monitor usage: Monitor the usage of API keys, and be alert for signs of abuse or unauthorized access.

Conclusions

Finally, it is important to monitor the use of API keys and to be alert to any suspicious activity, such as unusual usage patterns or unauthorized access attempts. This can help to quickly detect and mitigate potential security incidents.

Overall, securely storing API keys requires a multi-layered approach that involves implementing proper access controls, using encryption, monitoring usage, and being proactive about security.

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Through this collaboratiion with Chainbase, Adot could quickly and easily access more valuable on-chain data to build the perfect infrastructure — The Web3 Search Engine.

They are very thankful that Chainbase’s powerful data cloud API, Adot will be able to bring rich on-chain contents to their users, creating a faster and more exciting web3 search experience for their users. With the deepening of collaboration, they will co-organize more events in the future to start discussions and dialogues around more valuable topics and jointly promote web3 infrastructure.

About Chainbase

Chainbase is a leading Web3 blockchain interaction layer infrastructure. By providing cloud-based API services, it helps developers quickly access and utilize blockchain networks and easily build Web3 applications.

Chainbase makes blockchain interaction and data query/index on chains simple and easy to operate. Anyone can use, build and publish open APIs, which allows developers to focus on application-level innovation instead of solving the back-end hassles.

Chainbase currently supports Ethereum, Polygon, BSC, Fantom, Avalanche, Arbitrum, Aptos and other chains. This allows projects of all sizes to quickly reduce development time and costs, no matter which chains they are building on!

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About Adot

Adot is a decentralized Web3 search engine. With Adot, you will be able to receive sorted and aggregated Web3 data from both on-chain and off-chain sources.

Aggregate On-chain and Off-chain Data — Web3 is not only related to blockchain, but also integrated to IRL data. Adot knocks down the wall between on-chain and off-chain and shows you a new world.

Search with Rewards — Adot recognizes the value of your search history and understands your ownership of your data. If you are willing to share your search data to optimize the search result, you will be fairly rewarded.

Lego Your Composable Search Engine — With Adot, you can lego your search engine to customize your search experience. Composable and fun.

Empower Developers with Adot Tools — Adot provides low-code SDKs and powerful search services to enable developers to build their own dApps.

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SOURCE: MEDIUM

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One of the most significant differences between Web3, which is built on blockchain, and Web2 is the transparency of data; it’s possible to trace all on-chain activities (transactions) of Web3 end users. This dramatically increases the data that we can access and opens the door for massive opportunities for development. Imagine if all the transactions on Amazon were done using cryptocurrency on blockchain, you could access the purchase data of customers even if you were an employee at another e-commerce platform! That’s a new opportunity for the competing platform to learn from a market leader.

Even though it’s possible to gather this information, in practice blockchain data is largely irretrievable and meaningless without additional software. That is where Covalent comes in. Covalent allows you to access organized on-chain data from Astar and Shiden Networks by using a simple API. This enables dApp developers and end users to access a rich amount of on-chain data without heavy coding, allowing you to make better-informed decisions.

Getting Historical Token Prices

There are many powerful APIs from Covalent that an end user can use. Here we will introduce how to get historical token prices using pricing endpoints. A developer could use this information to create a trading dApp, rich with information, that provides bidders and sellers with historical information. From there, a user has a bit more insight into larger market trends and consumer sentiment.

Let’s walk through retrieving this information. Start by heading over to Covalent API docs and choose “Astar Mainnet” as the network. Then scroll down to the “Pricing Endpoints” section. Here you will find that there is an API for getting historical token prices.

Using the API is the usual way for in-depth analysis, but for this example, we will use the GUI for testing purposes. In this example, we retrieve the historical price data for $WASTR from 2022/8/1 to 2022/9/30. You’ll need the contract address for $WASTR from a block explorer, such as Blockscout. Fill in the necessary information, and hit “RUN” to see a sample response on the right. The returned object includes a token price for each day.

If you use Python to call this API and transform the data into a more flexible type, such as Pandas DataFrame, you will be able to analyze the data with more insight. Considering that most third-party APIs for getting historical token prices are not free, this could be a powerful tool for average retail users, as well as experienced developers.

Analyze NFT holders

Covalent also allows you to analyze NFTs with its easy-to-use API. For instance, let’s analyze one of the most popular NFT collections on Astar, which is Astar Degens. First, head over to TofuNFT and get the contract address for AstarDegens. You can find the contract address under the “info” tab, see below.

Next, go back to the Covalent API Docs webpage, and input the NFT contract address to “Get token holders as of any block height” API. You will then see the result with how many DEGENs each address owns. The address with the most has 93 DEGENs. Wow, that’s a real degen!

Just like that, you can use Covalent in a fun way to analyze your favorite NFT collection. For developers, this could be a key metric to provide insight into community engagement and wallet activity, especially during campaign events and partnership announcements.

We’re introducing price history and number of token holders as two useful metrics for users and developers, but Covalent offers a wide range of on-chain data on Astar and Shiden. We encourage you to use the links below to discover new ways to enhance your project.

About Astar

Astar Network — The Future of Smart Contracts for Multichain. Supports the building of dApps with EVM and WASM smart contracts and offers developers true interoperability, with cross-consensus messaging (XCM).

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Adoption by end users leveraging its cross-chain bridge, Voyager to conduct fast and secure cross-chain transactions. But more importantly, adoption by Web 3.0 projects to use its modular cross-chain infrastructure to accelerate and optimize their interoperable growth.

Router Protocol stated that the evolution of the crypto sphere will be a secure chain agnostic ecosystem. With every adoption, they get closer to realizing this vision. And today, they just took another leap in that direction.

The platform is extremely elated to reveal Moon Farm will be leveraging Router Protocol Asset Swap API to conduct cross-chain transactions on their platform. If you’re new to DeFi and don’t know a lot about this project, here is a brief about them.

About Asset Swap API

Asset Swap API is an abstraction of Router Protocol’s proprietary PathFinder Algorithm. This Algorithm is part of its cross-chain infra that allows them to always provide the most economical quotes and most optimized routes to conduct cross-chain transactions. The competence of its cross-chain bridge, Voyager, is a prime example of the effectiveness of the algorithm.

The PathFinder Algorithm has access to 53 liquidity sources on Ethereum and 24 liquidity sources on BSC. It can also discover the most efficient path for token swaps, enabling splits between different protocols in a bid to get the best prices. Moreover, its response time is also below 400ms, making it one of the fastest in Web 3.0.

MoonFarm will be accelerating its growth in the cross-chain ecosystem by providing its users with these distinct capabilities. All through a relatively straightforward integration process.

ABOUT MoonFarm

MoonFarm is a DeFi and CeFi hybrid yield farming aggregator. It provides the best of both worlds, offering all the cost-effectiveness, easy access, transparency, and rapidity of DeFi yield farming, in addition to offering the security associated with a centralized financial ecosystem. MoonFarm optimizes yield farming interest (APY/APR) and provides users with the ability to choose what farms they want to use or the system will automatically determine the best farming strategies using the yield optimization engine.

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ABOUT Router Protocol

Router Protocol is building a suite of cross-chain liquidity infra primitives that aims to seamlessly provide bridging infrastructure between current and emerging Layer 1 and Layer 2 blockchain solutions.

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RESOURCES

Medium

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Binance Labs, the venture capital arm and accelerator of Binance, led an $8.5 million seed funding round for Bitquery as part of its ongoing drive to support innovative blockchain data solution providers. The round was co-led by dao5, with Susquehanna, DHVC, INCE Capital, and angel investors from Google among other participants.

Bitquery will use the funds raised to expand its data coverage to support more blockchains, drive new use cases, and build out its BIT protocol to facilitate real-time data delivery.

“We’re excited to be working closely with the Bitquery team. At Binance Labs, we will continue identifying and supporting innovative data solution providers that allow industry players easy access to accurate on-chain data. We believe that the battle-tested technology of Bitquery and its mission to democratize data access will bring a positive impact to the long-term growth of the Web3 industry.”— He Yi, Co-Founder of Binance and Head of Binance Labs

Bitquery offers a set of software products that parse, index and store blockchain data in a unified way. Its two major product lines are APIs and data analytics tools. Cover over 40 blockchains. In addition, it provides use cases across verticals such as digital assets exchanges, DeFi protocols, government organizations, and more.

APIs: 

• Coinpath is a set of API endpoints to trace money from any source and destination. Create money flow graphs and aggregate transfers to addresses.

• Digital Asset APIs are crypto-centric and provide indexed information for all major cryptocurrencies, coins, and tokens. It supports visualization of transactions that happened since the genesis block.

• DEX GraphQL APIs offer real-time trading data from multiple DEX protocols across different blockchains. Users can build charts, find arbitrage opportunities, analyze DEX markets, and more.

Data analytics tools:

• GraphQL is an open-source data query and manipulation language for APIs, and a runtime for fulfilling queries with existing data. 

• Bloxy and Bitquery Explorer are client-side Web applications that offer analytics for more than 40 blockchains. Backed by a multi-dimensional database, Bitquery Explorer can aggregate data to facilitate complex analysis.

• Bitquery widgets allow users to view blockchain analytics, dApp, and DeFi data on the website easily.

“Blockchain data demand is growing from all sectors of finance, including traditional financial institutions, enterprises, and even governments. Bitquery’s mission is to enable hassle-free access to blockchain data for everyone. Today, many businesses depend on Bitquery’s data infrastructure. However, building such an infrastructure in a centralized manner stifles innovation that can be achieved through open access to blockchain data. Bitquery is working on a data protocol to solve this problem efficiently, and support more use cases where real-time blockchain data is critical.”—Dean Karakitsos, CEO of Bitquery

“Bitquery is a key player in providing innovative on-chain data analytics tools and APIs. Its data solutions have made blockchain data more digestible and accessible to users. Bitquery’s team has a high commitment to what they are doing and they’ve been constantly developing and upgrading their products for the past five years. We look forward to seeing the team further expand its product suites and build out a decentralized network to better support users’ data and infrastructure needs.”—Danny F., Investment Director at Binance Labs

Bitquery will continue to develop its BIT protocol, a chain-agnostic, and real-time data delivery and transformation protocol. Rather than storing data inside its own network, the BIT protocol has connectors for users to ingest blockchain data through their preferred interface. With the BIT protocol, Bitquery aims to resolve data accessibility challenges.

ABOUT Binance Labs

Since 2018, Binance Labs has invested in more than 200 projects from over 25 countries. It has also incubated about 50 goal projects that are native to Web3 via the Binance Labs Incubation Program. It also includes Polygon, Perpetual Protocol, Dune Analytics, and more. As the venture capital arm and accelerator of Binance, Binance Labs is on the continued lookout for the next big Web3 innovation.

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ABOUT Bitquery

Bitquery is a data company building products to solve blockchain data problems on a global scale. Bitquery’s products deliver real-time data from over 40 blockchains and various Web3 protocols. It also provides a decentralized BIT protocol to democratize access to blockchain data. Today, Bitquery’s data infrastructure empowers thousands of developers, businesses, and governments. It delivers solutions to various verticals such as decentralized finance (DeFi), DEX arbitrage analytics, crypto surveillance & forensics across major blockchains like Bitcoin, Ethereum, BNB Chain, and Polygon.

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RESOURCES

Binance

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