Overcoming Gap Limit Challenges and Empowering Businesses
You’ll love this one!
We’ve had xPub support for a while now. We even did an article to explain how to track Bitcoin xPub Keys through Vezgo. With xPub done and dusted, we set our sights on its siblings, yPub and zPub.
And today, we’re glad to announce support for yPub and zPub to our Crypto API!
What are xPub, yPub, and zPub?
They’re all extended public keys. They offer read-only access to wallets, allowing you to view their transactions, balances, and addresses.
xPub, yPub, and zPub all do the same things, only that yPub is compatible with the BIP49 standard that was introduced at the adoption of SegWit with an address type P2SH-P2WPKH. Similarly, zPub is BIP49 compatible but is only for P2WPKH address types.
Another difference is that xPubs start with “1,” yPubs start with “3,” and zPubs start with “bc1.”
💫What Vezgo’s xPub, yPub, and zPub Supports mean for you💫
There’s now no limit to the wallets you want to track. This update helps you get a hold of the xPub, yPub, as well as zPub of your clients, and be able to build meaningful innovations around them.
Overcoming the Gap Limit Challenge
We are thrilled to announce that we have successfully tackled the gap limit challenge associated with xPub connectors. Our innovative approach in handling xPub, yPub, and zPub connectors effectively circumvents the gap limit constraint, ensuring seamless address generation and management for all your wallet tracking requirements.
This breakthrough not only enhances our connectors’ capabilities but also grants our users greater flexibility and efficiency when working with HD wallets.
Use Cases: How xPub, yPub, and zPub Support Empowers Your Business
The addition of xPub, yPub, and zPub support in Vezgo unlocks a multitude of possibilities for businesses to create innovative solutions and improve their operations.
Here are some useful use cases that demonstrate the potential of extended public key support:
- Automating Accounting Processes: With xPub, yPub, and zPub support, businesses can easily automate their accounting workflows by accurately tracking transactions, balances, and addresses of multiple wallets. This view allows for the efficient reconciliation of records, reducing manual efforts and minimizing errors.
- Enhancing Wallet Management: For companies that manage multiple wallets across various cryptocurrencies, extended public key support simplifies the tracking and monitoring process.
- Streamlining Transaction Monitoring: Vezgo’s support for xPub, yPub, and zPub keys enables businesses to monitor transactions.
- Improving Customer Experience: By leveraging the power of xPub, yPub, and zPub keys, businesses can create personalized and seamless experiences for their clients. For instance, wallet providers can offer users an aggregated view of their various wallet balances and transactions, simplifying their overall management.
- Facilitating Compliance and Reporting: As regulatory requirements evolve, businesses need tools to help them stay compliant. Vezgo’s extended public key support allows companies to maintain accurate and up-to-date records of their transactions, making it easier to adhere to reporting requirements and satisfy audits.
- Enabling Advanced Analytics: With comprehensive access to wallet data, businesses can harness the power of advanced analytics to gain insights into user behavior, spending patterns, and market trends. These insights can inform decision-making, drive innovation, and contribute to the overall growth of the business.
What else is new on Vezgo Crypto API?
- Improvements to NFT API support.
- You can now also track native fees.
- Internal transactions are Now Trackable For EVM Connectors, such as Ethereum, Avalanche, Polygon, BSC, Cronos, and Fantom.
- New transaction types for Binance, Coinbase, and Kraken connectors.
What else are we working on?
- Ledger live integration / Ledger API.
- Streaming real-time API on Binance and other CEXs.
- For the Indian market, CoinDCX API integration & WazirX API transaction support.