Today we are excited to announce ChainFront support for Bitcoin, joining the Stellar, Ripple, and Ethereum blockchains. Go to https://developers.chainfront.io now to register, create accounts, and get instructions on how to get an API key. The ChainFront API documentation also includes examples of code and a Getting Started guide.
Bitcoin remains the most valuable, most widely held, and most used cryptocurrency — and by a large margin. The growing excitement and focus on DeFi in crypto by definition includes a renewed focus on Bitcoin as an asset class and making it as useful and accessible to as many institutions and individuals as possible. Our vision around eliminating on-device wallets to drive mainstream adoption will accelerate this trend. ChainFront’s support of Bitcoin now makes it possible for any developer or company to quickly create Bitcoin applications using the ChainFront RESTful API.
Developers can use the ChainFront API as a Service to create accounts, fund those accounts, execute multisig transactions, and automatically calculate required fees. Private keys are created inside our secure enclave, and all transactions are signed inside that enclave — private keys are never transmitted across the internet. Our integration with various multifactor authentication methods means end users still maintain ultimate control and security on transactions. Developers do not need to select or build wallet solutions, nor instruct users on backup procedures nor conduct security audits (think B2B) of their network participants.
At ChainFront, we do not believe that end users want to manage their own bank or security — and the only way that blockchain technologies scale is we remove this hurdle from mainstream adoption.
With ChainFront, backing up keys and needing to keep track of an on-device wallet is completely removed from the equation and developers can create secure, simple user experiences. Private keys are created within the secure area and never transmitted elsewhere. ChainFront utilizes Vault by HashiCorp as a virtual Hardware Security Module. Vault is a secret key management and data protection tool which offers code-loading support, and powers all of the cryptographic operations in the ChainFront platform. The service is deployed in private subnets of Amazon Web Services (AWS), unreachable via the public internet, using the AWS security model. This security model provides confidentiality, integrity, availability, accountability, and authentication. AWS also provides multi-regional backups and redundancy. FIPS 140–2 compliance is available.
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Originally published at chainfront.io.