Tel Aviv, Israel, July 26, 2022 (GLOBE NEWSWIRE) — TheWatch, a technology company that makes blockchain seamlessly accessible to developers, has announced the addition of Polygon to its flagship WatchData product. WatchData now allows developers to access the Polygon blockchain through the Powered API, extract information and easily build apps on top of it.
Polygon is a Layer-2 solution built to help Ethereum expand efficiency, security, scale and utility. Instead of relying on the classic Proof-of-Work algorithm, Polygon uses Proof-of-Stake. Polygon is EVM compatible, which means you can use it just like Ethereum, but avoid low throughput and high transaction fees. Even Instagram launched digital collectibles on Polygon.
WatchData provides web3 developers with a single API for seamless access to blockchains: the suite of tools and superior infrastructure enables developers to build apps and services with ease. WatchData turns transaction blocks into accessible datasets ready for in-depth analysis and research. Thanks to the infrastructure developed by the team, their Powered API solution is compatible with any EVM-based blockchain and can be rolled out quickly.
Over 460 companies use WatchData, and this number is growing every month. In addition to Polygon, WatchData supports Ethereum, Bitcoin, Binance Smart Chain and Tron where users can access historical data and data directly from the node. Customers use WatchData for analytics, portfolio tracking, wallet and payment services, as well as to build DeFi products and dApps for their needs: the web3 community included WatchData in related roadmaps such as DeFi Developer Road Map, web3-tools and others.
“We are happy to make Polygon available to our customers. It has been one of the most popular layer-2 solutions for Ethereum thanks to its fees and compatibility,” said Svyatoslav Dorofeev, CEO of TheWatch. “We made many smart decisions that required upfront investment, but since then we can easily implement support for other EVM-compatible chains.”
TheWatch also develops WatchBlock, a SaaS tool that offers a simple, convenient and intuitive dashboard, provides insight into transaction data, purchase history and risk management to Virtual Asset Service Providers. All client transaction monitoring and related operations are handled by WatchData solutions, which ensure higher speed and guarantee security.
About WatchData
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 drastically simplify building blockchain apps. WatchData turns raw transaction blocks into accessible datasets ready for in-depth analysis and research. Businesses use WatchData for analytics, portfolio tracking, wallet and payment services, as well as to build DeFi products and dApps for their needs. For more information, visit https://www.watchdata.io/
About TheWatch
TheWatch combines products that offer services for payments in the blockchain and their analytics. The company has its own product portfolio of services that includes WatchData, a flagship infrastructure product, and WatchBlock, transaction monitoring for virtual asset service providers. TheWatch operates as part of a group of companies that also includes Calypso Pay, an all-in-one crypto processing platform that makes it possible to receive payments from customers quickly and securely and pay partners or workers almost instantly. For more information please visit
