Tel Aviv, Israel, August 23, 2022 (GLOBE NEWSWIRE) — The watcha technology company that makes blockchain accessible to developers in a transparent way, announced that its products WatchData and WatchBlock have been updated to support the merger and will continue to provide their service without interruption.
The merger is an upgrade to the Ethereum network that is expected to take place in September 2022. The change will transform Ethereum from a Proof-of-Work network to a Proof-of-Stake network, making it more robust, faster and cheaper. . The exact timing of The Merge depends on Ethereum Foundation timelines.
TheWatch has performed a technical review and implemented necessary updates to ensure that WatchData, an API service for web3, and WatchBlock, a blockchain transaction monitoring platform, are prepared for the upgraded Ethereum. updated and will operate as usual after the change, providing their customers with real-time data and insights.
Most of the preparatory work was done by the developers of the Ethereum foundation who did a detailed analysis control List for developers to simplify the update process. In a nutshell, TheWatch team did the following:
Run a Beacon Chain node
Modified launch parameters
Updating and testing nodes
Node management configured to ensure consistency of all data
“The merger significantly changes how parts of the Ethereum network work,” says Sviatoslav Dorofeev, CEO of TheWatch. “Every member of the ecosystem, whether you are a miner, a DeFi protocol or a node provider, must prepare in advance if you want to provide uninterrupted service.”
After the merge, a full Ethereum node will have both a consensus layer (CL) client and an execution layer (EL) client. The EL executes the transactions and the CL maintains the state of the user. These communicate through an authenticated port using a new set of JSON RPC methods called API Engine. The EL and CL authenticate each other using a JWT secret that node operators should consult their client’s documentation for instructions on how to generate and configure. The Beacon and JSON RPC APIs will be handled by each layer individually, allowing developers to use both.
WatchData provides Web3 developers with a single API to seamlessly access blockchains: its suite of tools and superior infrastructure allow developers to easily build applications and services. WatchData transforms blocks of transactions into accessible datasets ready for in-depth analysis and research. Over 460 companies use WatchData, and that number is growing every month. WatchData supports Ethereum, Bitcoin, Polygon Binance Smart Chain and Tron where users have direct access to historical data and node data. Customers use WatchData for analytics, portfolio tracking, wallet and payment services as well as building DeFi products and dApps for their needs: the web3 community has included WatchData in related roadmaps such as DeFi developer roadmap, web3 toolsand others.
WatchBlock is a SaaS tool that offers a simple, convenient and intuitive dashboard, provides transaction data, purchase history and risk management insights to virtual asset service providers. All customer transaction tracking and related operations are handled by WatchData solutions, which ensures greater speed and guarantees security.
WatchData is a platform that helps web3 developers seamlessly interact with the blockchain. It provides a suite of developer tools, enhanced APIs, and superior infrastructure to dramatically simplify building blockchain applications. WatchData transforms raw transaction blocks into accessible datasets ready for in-depth analysis and research. Businesses use WatchData for analytics, portfolio tracking, wallet and payment services, and to build DeFi products and dApps tailored to their needs. For more information, please visit https://www.watchdata.io/
TheWatch combines products providing services for blockchain payments and their analytics. The company has its own service product portfolio which includes WatchData, a flagship infrastructure product, and WatchBlock, transaction monitoring for virtual asset service providers. TheWatch is part of a group of companies that also includes Calypso Pay, an all-in-one crypto processing platform that allows customers to quickly receive payments securely and pay partners or workers almost instantly . For more information, please visit https://www.thewatch.io
CONTACT: Svyatoslav Dorofeev CEO, TheWatch dorofeev (at) thewatch.io