Ethplorer, the Ethereum token browser, announced the launch of Bulk API Monitor. It is the first developer tool in the industry with the ability to track millions of addresses. Ethplorer is already popular within the Ethereum community for its free Ethereum token analytics. Traders, crypto investors, and developers globally use the data generated by the company.
About The Bulk API Monitor
The Bulk API Monitor is designed as a developer tool that promises to enhance blockchain development. It will allow users to track as many token portfolios and addresses as they wish. Bulk API fixes issues that many small crypto exchanges, brokers, and wallets have been facing for years.
Current providers of Ethereum APIs do not come with the framework to monitor large numbers of crypto addresses efficiently. The process they use entails continually sending requests to all the addresses on a list, which can mean thousands or hundreds of thousands of calls. In most cases, the responses are usually empty. It is a major challenge for active crypto exchanges, wallets, and exchanges that have to monitor thousands of addresses and tokens. To deal with the issue, Ethplorer has released the Bulk API Monitor tool.
A More Efficient Method Of Tracking Addresses
The new tool is designed to make it easy to monitor balances and transactions for an unlimited number of addresses as well as token contracts. It can potentially track millions of addresses when required to do so. The service garnered a lot of interest during the testing phase. It is already in use with the popular Watching Service created by Ethplorer.
Bulk API Monitor can also be used with token sales, portfolio trackers, and many other crypto-related services. The tool will monitor all information related to the addresses added to the list in real-time.
The Capabilities Of Bulk API Monitor
The tool can track all transactions regarding ETH or ERC20 tokens for chosen addresses. It will show data relating to transactions, amounts, and wallet balances.
Aside from individual addresses, Bulk API Monitor can track transactions for all ERC20 token addresses. When one of the tokens selected by the user is used in a transaction, the tool will record all the data regarding that specific transaction.
Customers can filter and export the data generated by the Bulk API Monitor to suit their needs. For instance, users of the tool can use it to track whale activity, price prediction, and much more.
The tool is quite affordable, prices range from $0 to $699 a month. Its pricing model is dependent on the number of addresses that need to be tracked and how active they are. For most small services, the free plan will work just fine. However, larger projects will appreciate the ability to track their entire blockchain for a small monthly fee.
This material has been prepared for informational purposes only and is the opinion of the author, and is not intended to provide, and should not be relied on for, investment, tax, legal, accounting advice. You should consult your own investment, tax, legal and accounting advisors before engaging in any transaction. This article was sourced by Visionary Financial