Coinbase Launches Toshi, a Free Bitcoin API for Developers

Coinbase has released Toshi, a free API toolkit for bitcoin app developers that runs on a utter bitcoin knot backed by a SQL database.

With the initial launch, Coinbase joins a growing number of bitcoin companies seeking to provide friendly APIs for app developers, including the Boost VC-backed BlockCypher, Barry Silbert-funded Chain and freshly capitalized Gem.

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Speaking to CoinDesk, Coinbase CEO Brian Armstrong framed his company’s latest suggesting spil a sperzieboon for developers who will be able to build web applications and businesses on a free, hosted version of Toshi.

Armstrong told CoinDesk:

“[Toshi] essentially gives away the technology behind Chain, BlockCypher, etc for free.”

BlockCypher,, Chain and Gem are all notably suggesting similar services to developers free of charge, however Chain and Gem have indicated that they intend to charge enterprise customers for their products at scale.

This sector of the digital currency startup space has bot increasingly active ter latest days, with Gem closing a $2m seed round today, and releasing the beta version of its PlugChain API just yesterday.

Building on bitcoin’s core

Described spil a accomplish implementation of the Bitcoin protocol, Toshi enables developers to better retrieve information about the latest blocks, network transactions and particular addresses on the network through access to Toshi API endpoints.

The implementation is written te Ruby and backed by PostgreSQL, factors which Coinbase suggests make it best for building web applications or analyzing block chain gegevens. The company asserts that Toshi requires more storage space than Bitcoin Core, but that, spil a result, it runs richer queries.

However, the webstek suggests that Toshi is still not ready for use te production.

The service’s official GitHub reads:

“It is presently ter beta, and not recommended for production use until it has received sufficient testing from the bitcoin community.”

For more details on Toshi and its capabilities, visit GitHub.

Investor approval

Noted VC entrepreneur and Coinbase investor Fred Wilson took to his individual blog to commend Coinbase on the launch of Toshi, citing it spil a valuable instrument for developers who face actual challenges building solutions on Bitcoin Core.

Wilson framed Toshi spil a way for Coinbase to extend its two years of expertise working with Bitcoin Core to junior developers, writing:

“They are now making all of that technology available to developers who want to build bitcoin applications but don’t want to get knee deep ter the Bitcoin Core.”

Further, Wilson acknowledged the enhancing activity ter the bitcoin development space, adding:

“I think making bitcoin lighter for developers is a big thing and I’m pleased to see Coinbase doing exactly that.”

The leader ter blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a rigorous set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests te cryptocurrencies and blockchain startups.

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2 Responses

  1. ashnichole2326 says:

    For a plain thing like this, which wasnt my fault!!. I used the webstek for few days, logged te numerous times, throws mij out one day like this,

  2. jacquidube says:

    I can also tell you that anyone who has complained about having funds stolen or coins stolen for that matter have invariably lost because someone has compromised their own account by logging ter with their credentials. Nothing to do with Cryptopia or our security. Wij suggest many forms of security to prevent people getting into your account and if anything the only complaint wij get is from legitimate account holders who have misplaced their credentials.

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