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Bitquery launched its Streaming API in early March, giving users to access blockchain data in real time.
With Bitquery’s APIs, Web3 builders have had access to extensive data from over 40+ blockchain networks. As the demand for blockchain data continues to grow, Bitquery has been at the forefront of providing reliable and comprehensive data to its users. The Streaming API is the latest addition to Bitquery’s suite of APIs, offering a fast and efficient way to access real-time blockchain data.
With a free developer account, you can easily create a query with built-in GraphQL IDE. As you run your first query, you can refer to the schema in the same tab or find your doubts answered in the documentation.
Challenges in Accessing Blockchain Data
While web3 has the potential to revolutionize various industries, it comes with its challenges too.
At the time of writing, the Bitcoin block size towers at a whopping 465 GB, expanding at a mind-boggling rate of 124%. The Ethereum blockchain, on the other hand, boasts an astronomical block size of 879.55 GB. Capturing and making accessible the huge amount of data stored on a blockchain network is a challenge in itself.
What’s more, the data has to be cleaned and stored in a structured, standardized format for it to be useful for all applications. Do not forget the thousands of engineering man-hours required to arrive at this stage.
Without indexing, developers would need to search through an entire blockchain network to find the specific data they need, which would be time-consuming and inefficient.
This is why it is important to have a system for filtering or locating the data, and here comes into play the ability to query blockchain data. Querying blockchain data means asking specific questions or making specific requests for data that is stored on the blockchain network without having to sift through large amounts of irrelevant information.
Bitquery’s APIs provide developers with the ability to query blockchain data quickly and easily, using a user-friendly explorer and a GraphQL interface.
What is the Need for Blockchain data?
By providing real-time data about the blockchain including transactions and trades, Bitquery is empowering individuals to make informed decisions and take advantage of opportunities in the blockchain space. This is particularly important for individuals and small businesses who may not have the resources to access blockchain data as useful information.
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