Building products on the blockchain, such as exchanges can be very daunting and expensive. It requires a complex system with many components that must work seamlessly together, like a Swiss watch. The Exchange must also be able to handle a constant flow of data and present it in an easy-to-use interface. Additionally, it must be able to operate on multiple blockchains and provide accurate and instant information. However, these are just the core functions of a crypto exchange. Another important aspect is managing user accounts and transactions, including the generation and management of wallets, setting up notifications for different events, and facilitating the transfer of funds. Imagine having to create everything from the scratch for each project, it would be a daunting and time-consuming task. Fortunately, APIs come to the rescue by simplifying the development process and enabling us to work more efficiently and quickly.

## **How to get Bitpowr API services?**

Bitpowr provides a comprehensive institutional wallet and digital asset management solution for exchanges, payment gateways, Neobanks, and other financial institutions. We recently redesigned and simplified our [API documentation](https://docs.bitpowr.com/reference/api-overview) to make it easier for developers to integrate with our APIs and SDKs.

## **Why use Bitpowr Wallet API**

### 1. **Ease for Developers**

Developers can use our infrastructure, SDK, and powerful unified API to quickly and easily build blockchain apps. You don't have to worry about blockchain node configuration or maintenance, nor do you have to learn to code for specific blockchains. We've taken care of everything so you can focus on developing blockchain apps.

### 2. **Easily generate unique hot addresses for multiple users**.

With the Generate Address Endpoint, private-public key-pairs can be generated along with an associated public address. An effective way to use this endpoint is to generate a pool of addresses that are saved in the database. Every user that wants to deposit funds will be assigned one of these pre-generated addresses. A limit can also be set up: when the addresses that are not associated with any user are below a certain number, more can be automatically generated. This will ensure a certain number of available addresses per currency at all times.

### 3. **Easy-to-use Webhooks**

Webhooks are sometimes called "reverse APIs". The reason for this nickname is that a Webhook, unlike an API, pushes data instead of waiting for it to be polled. This makes life much simpler! You will not need to check every few minutes or seconds to see if a certain event has happened. Instead, the webhook will notify you that the event has taken place once all the defined criteria are met.

Bitpowr Wallet APIs offer a series of Webhooks that can be subscribed to and used. In this case, the Create Transaction Confirmations Webhook can be subscribed to. Notifications are received every time there are incoming or outgoing transactions from one of the assigned hot wallets. No deposit or transaction will be missed.

### 4. **Multiple Blockchain Support**

You can incorporate many blockchains into your projects or switch between them using the Bipowr API with hardly any code modifications. Instead of starting from scratch to write the blockchain integration, you can switch to a different blockchain in a matter of minutes depending on your use case.

### 5. **Scalability**

The global transaction rate for the bitcoin and Ethereum blockchains is currently very low and each on-chain transaction involves high costs. However, it's not always necessary to keep all the data on-chain. Bitpowr has developed virtual accounts to address scalability difficulties that can settle transactions independently of the blockchain and synchronize with any compatible blockchain on a regular basis.

### **Start building right away!**

Check out our [documentation](https://docs.bitpowr.com/docs) to learn more about Bitpowr wallet services and other related products.

Contact [sales](https://sales@bipowr.com/) to get started!

Learn how integrating Bitpowr wallet APIs can accelerate and streamline the development of your product.

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Use Bitpowr wallet APIs to Scale your Blockchain Products. 

We are always working to improve our product by including functionalities that will enable you to achieve your business goals in the easiest and most secure way possible. In line with this commitment, we are excited to introduce a new feature on your Bitpowr dashboard: the activity log page.

You can now view a detailed chronological breakdown of all key activities carried out on your [Bitpowr dashboard in one place](https://bitpowr.com/contact-us). 

![Activity log 1.png](https://res.cloudinary.com/samvwede/image/upload/v1675658001/Activity_log_1_1831e3dceb.png)

As a business, it's critical that you can keep track of what's happening on your digital asset management account including what other users are doing and other vital details.

This is crucial as such records can serve as audit logs in case of any incident. This is why we've designed the activity log page to include all vital details of user activity on your Bitpowr dashboard.

From the activity log page, you can see a list of all actions carried out and filter them by user and date. You can also search for a specific task like who sent what to a particular address.

![Activity log 2.png](https://res.cloudinary.com/samvwede/image/upload/v1675658001/Activity_log_2_c1a2e3a5e8.png)

On top of that, clicking on each activity provides more information about the task, including details about the user, the action carried out and the IP of the user when that specific event happened.

![Activity log 3.png](https://res.cloudinary.com/samvwede/image/upload/v1675658002/Activity_log_3_46cf9b3828.png)

[Explore the activity log page](https://bitpowr.com/contact-us) and let us know what you think! We remain committed to delivering all the tools you need to seamlessly and securely manage your digital asset operations.

Find out how to see a detailed breakdown of all actions carried out on your Bitpowr account.

activity announcement.jpg

Introducing Activity Log Page on Bitpowr

### **Bitpowr : A Wallet and Digital Assets Infrastructure**

Bitpowr aims to make building and scaling your business or product ridiculously easy on the blockchain


Web3, Blockchain, DAOs, NFTs, and the new Metaverse are the latest buzzing words and terms painting the future of a decentralized world of finance and ownership. The blockchain and crypto space keeps evolving and has pretty much been amazing with what is and could be achieved in a matter of time.
Blockchain is the future of decentralized finance, borderless payments, and ownership. These unique benefits of blockchain and its ecosystem can be harnessed by businesses, startups, and individuals to scale and access the global digital market at large.


Blockchain technology has seen a lot of hype especially in the finance ecosystem, which makes many business leaders keenly interested in adopting it to their business components but also concerned about blockchain challenges and risks.



### **The Problem**


The current state of building a blockchain product is still very complex as blockchain itself is a piece of sophisticated technology and the learning curve requires an amount of time to understand its workings.


Existing businesses or new startups or individuals tend to experience a lot of issues when they try to implement blockchain into their product and this basically costs time and money thereby reducing the adoption of blockchain.


When building on the blockchain, you’ll be faced with some issues such as:


1. Cost of building on the blockchain
2. The adequate skill set required to develop


3. Security- ensuring security at every level to keep funds secured


4. Multi Chain and Blockchain interoperability - no uniformed structure and implementation for different blockchains


5. Scalability

 


It can't be ignored that these listed issues are not significant hurdles to blockchain implementation and adoption.



Building on the blockchain can be very expensive, time-consuming, and complex especially if you don't have the right skill set of people to get it done.

<br>

### **The Solution**

The solution is a blockchain and crypto infrastructure that facilitates easy implementation and adoption of blockchain into new and existing products.



Bitpowr is already doing this by making it extremely easy to implement blockchain, crypto, and digital assets into your product or application.



We have built a blockchain wallet and digital assets infrastructure that lets you easily create and manage blockchain wallets, process crypto transactions, manage digital assets and manage your accounts across crypto and exchanges platforms.



Bitpowr’s wallet infrastructure enables access to the digital economy at large to businesses and individuals. It establishes an absolute balance between security and accessibility —which is enabling customers to move assets seamlessly and reliably, secured by Bitpowr MPC cryptosystems, user and account policies, and an advanced transaction approval process.



To accommodate different kinds of business use cases, Bitpowr provides different types of wallets with layers of platform security and transaction policy features to meet a wide range of business needs.



We currently support a wide range of digital assets and blockchains. We have support for Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Polygon, Tron, Binance Smart Chain and currently implementing Solana, Dogecoin, and Terra. In the pipeline, we are looking to integrate Stellar, Ripple, Fantom, and Arbitrum. This would ensure easy support for different blockchains in your product.




Bitpowr has provided a simple UI for easy management of your accounts and as well as API and SDKs, which can be used to manage your wallets, create transactions, and connect to our blockchains APIs easily.



We started Bitpowr to help businesses and individuals scale their crypto product seamlessly on the blockchain and the past nine months is focused on building the infrastructure to support different blockchain integrations and the wallet infrastructure itself.

<br>

### **The Future**

![1_qGWes5NHl0ojUdlOFvDw6A.jpeg](https://res.cloudinary.com/dreezy/image/upload/v1649260445/1_qGWes5NHl0ojUdlOFvDw6A_ym0shj.jpg)



Bitpowr is out of early access and now onboarding clients massively to help them scale their product with digital assets easily on the blockchain.



We are building a platform that lets you focus on what's necessary — building your product while we help you handle the crypto and blockchain integrations for your business day to day operations.

Check out [our documentation](https://apidocs.bitpowr.com/) to learn more about our wallet services and other related products. 
[Contact sales](https://www.bitpowr.com/contact#contact) or send an email to sales@bitpowr.com to get started!

Bitpowr aims to make building and scaling your business or product ridiculously easy on the blockchain (read more)

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Bitpowr : A Wallet and Digital Assets Infrastructure

At Bitpowr, we take the security of our users' accounts very seriously, which is why we have implemented an advanced measure to ensure the protection of your account - two-factor authentication (2FA). This feature provides an additional layer of security to keep your account safe from unauthorized access.

By opting for our 2FA option, you can use your preferred mobile authenticator app to sign in to your Bitpowr account. With this feature, you can have peace of mind knowing that your account is much more secure and less susceptible to hacking attempts.

The 2FA option is designed to work seamlessly with your account, and it adds an extra level of security without any inconvenience. Once you activate 2FA, you will be prompted to enter a unique token generated by your mobile authenticator app whenever you sign in to your Bitpowr account. This ensures that even if your password is compromised, your account remains secure.

At Bitpowr, we believe that security should be a top priority, and we are committed to providing our users with the best protection possible. With 2FA, you can rest assured that your account is well-protected and that you can access it with confidence. 

### What Exactly is Two-factor authentication?

Two-factor authentication (2FA) is a highly effective electronic security measure that requires users to present two or more pieces of evidence to an authentication mechanism before gaining access to a website or application. This can include something only the user knows, such as a password or PIN, something only the user has, such as a smart card or mobile device, or something only the user is, such as a fingerprint or other biometric data. By requiring multiple forms of evidence, 2FA provides an additional layer of security beyond traditional password-based authentication, making it much harder for unauthorized users to gain access to sensitive information.

### Examples of Two-Factor Authentication (2FA)

There are several examples of two-factor authentication that are commonly used today. One of the most popular is the use of SMS or text message verification, where a code is sent to the user's phone and must be entered along with their password. Other methods include email verification, biometric authentication such as fingerprint or facial recognition, or the use of hardware tokens that generate one-time passwords.

### How does 2FA work?

The process starts with the user entering their username and password as usual. Once the information is entered, a prompt will appear requesting a second form of authentication. This second form of authentication could be a code sent to the user's phone, a fingerprint scan, or any other method that serves as an additional layer of security. If the user is unable to provide the correct second form of authentication, access to the account will be denied. This extra layer of protection greatly reduces the risk of unauthorized access to sensitive information and helps ensure that only authorized users are granted access to the account.

### Why do I need 2FA?

The main reason to use two-factor authentication is to add an extra layer of security to your online accounts and protect your sensitive information from being accessed by unauthorized users. Passwords can be easily compromised through phishing attacks or data breaches, but with 2FA, a hacker would also need access to your physical device or token to gain access to your account. Additionally, many businesses and organizations now require their employees to use 2FA as part of their security policies.

### Is two-factor authentication secure?

While two-factor authentication is not foolproof, it is significantly more secure than relying on passwords alone. It makes it much more difficult for hackers to gain access to your accounts and provides an extra layer of protection against phishing attacks and data breaches. That being said, it's still important to choose strong passwords and take other security measures to protect your online accounts.

### Future of authentication

As technology continues to evolve, so will authentication methods. Already, we are seeing the adoption of biometric authentication such as facial recognition and fingerprint scanning become more widespread. In the future, we may see the use of artificial intelligence and machine learning to further enhance security and reduce the risk of fraud and cyber-attacks. Ultimately, it's important to stay informed and take steps to protect your personal information and digital assets in an increasingly connected world.

Bitpowr remains your safest institutional MPC-protected Wallet- Built from the ground up to enable your business to provide users with safe, secure, and easy access to web3 wallets. These easily customizable and reliable APIs help you save resources that would be otherwise spent navigating the nuances of blockchain infrastructure. Instead, you can focus on what matters most: delivering more value and innovative products to their customers. [Reach out to us](https://bitpowr.com/contact-us) if you need more information, we are happy to help. 


Our blog

Resources and insights

Two-Factor Authentication now live on Bitpowr

Use Bitpowr wallet APIs to Scale your Blockchain Products.

Introducing Activity Log Page on Bitpowr

Bitpowr : A Wallet and Digital Assets Infrastructure

Two-Factor Authentication now live on Bitpowr

Use Bitpowr wallet APIs to Scale your Blockchain Products.

Introducing Activity Log Page on Bitpowr

Bitpowr : A Wallet and Digital Assets Infrastructure

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