Release 2
Check the sample app for a personal finance tracker and newly added Solana and ETH NFTs.
Today we’re excited to announce the addition of Cardano (ADA) native token support and Cardano wallet integration to our API.
Launched in September 2017 by Ethereum co-founder Charles Hoskinson, Cardano is a decentralized proof of stake (PoS) blockchain designed to be a next-gen evolution of Ethereum. With a market capitalization of $18.8 billion, Cardano native token ADA is the fifth-most valuable cryptocurrency. Cardano aims to enable smart contracts, allowing developers to build a wide range of decentralized finance apps, new crypto tokens, games, and more. This blockchain platform's goal of providing banking services to the global unbanked is why every FinTech application should integrate Cardano. And why Blockmate's API now allows you to connect your clients' Cardano wallets to your application.
Now, Blockmate clients can instantly:
- Connect over 3.8 million wallets on the Cardano network to your application through a single API.
- Gather and categorize information including balances, transaction histories, and fiat values.
- Gain access to the historical data of over 8 billion transactions.
- Remain AML/CFT compliant while operating safely and risk-free.
- Carry out secure and effective risk assessment of crypto transactions.
About Cardano
Cardano aims to be a scalable and energy-efficient platform. Cardano uses a Proof-of-Stake (PoS) version called Ouroboros to secure the network and manage the block production process.
The Cardano blockchain has two separate layers: the Cardano Settlement Layer (CSL) and the Cardano Computing Layer (CCL). Separating the blockchain into two layers helps the Cardano network process as many as a million transactions a second.
The network native token gives stakers a claim on new issuance in proportion to their holdings and allows users to pay for transactions.
Unlike Ethereum-based tokens, smart contracts don't create Cardano native tokens. Instead, they run on the same architecture as the ADA cryptocurrency. According to Cardano’s Foundation, this feature makes native assets "first-class citizens" on the blockchain. Their native architecture can secure these tokens and reduce transaction fees.
How to connect
With Blockmate, you don’t need to set up or connect to every cryptocurrency or protocol one by one. Everything you need is already here and part of our API, allowing you to jump right in!
