A balance refers to the amount of a particular cryptocurrency or other assets that is associated with a specific address on the blockchain.
On a blockchain, each address has a balance that represents the total amount of cryptocurrency or other assets that are stored at that address. The balance of an address can increase or decrease over time as transactions are executed on the blockchain. For example, if someone sends a cryptocurrency to an address, the balance of that address will increase by the amount of the cryptocurrency sent.
Balances are an important aspect of many blockchain systems. They enable users to track their ownership and movement of assets and are also used to enforce rules and constraints, such as ensuring that users have sufficient balances to pay for certain actions.
In some cases, balances may also be used to represent non-financial assets, such as votes or other forms of digital ownership. For example, a blockchain-based governance system such as MakerDAO might use balances to represent the voting power a user has, which can be used to cast votes or enforce rules and constraints.
Amberdata provides up-to-date information on the account balances of different cryptocurrencies and tokens on a number of blockchain networks, including Ethereum, Bitcoin, and Binance Smart Chain. This data includes the current balance of a specific account, as well as the transaction history for that account, allowing users to track the movement of funds over time.
Our Blockchain endpoints found throughout the different On-Chain namespaces are available via REST API, WebSockets or JSON RPC. The list of supported Blockchain networks can be found in the API Documentation here.
Since we maintain our own nodes, we have every event from the genesis block forward which enables us to provide complete historical datasets for most chains we support.
How is blockchain balance data stored on the blockchain?
- Blockchain balance data is stored in the blockchain ledger as a record of all transactions that have occurred between addresses.
What kind of blockchain balance data does Amberdata offer?
- See real-time and historical balance data for a specified address. Sort by currency, specified value ranges, and time. With the batch endpoint, view an entire portfolio's summary with a single call and get totals for ETH & all token amounts with market prices.
Updated 10 months ago