EVM stands for Ethereum Virtual Machine, and there are over 600+ Known EVM chains including
ETH, BNB, MATIC, FTM, and many more.
These networks support smart contracts like ERC20, ERC721, and ERC1155. Here ERC stands for
Ethereum Request for Comment. These standards have especially ERC20 been dominant & helpful
in Creating Tokens in Cryptocurrency networks. Tokens have been quite popular in There have been
an increasing number of tokens in multiples of thousands.
ICOs stands for Initial Coin Offering or IEO ie Initial Exchange Offerings have used tokens in their
ECO system.
Most exchanges nowadays support EVM Wallet and their tokens. To support tokens Developer use
Either GETH [ Go Ethereum Client], Or use Hdwallet+ [Moralis or Other Public APIs]
Known Issues with Geth.
1. Security: Geth itself isn't protected by nature, Additional security like NGINX or a firewall
is required.
2. Multichain : Geth /Parity does not have More than one chain.
3. HDWallet: Geth creates a random Private key every time a new address is generated. Thus
developer needs to maintain and backup Multiple private keys.
4. Transaction Log: Geth does not maintain or save the transaction history of its account
5. Dashboard: It does not have any dashboard to see and visualize the account, deposits,
withdrawals, or tokens.
6. Funds movement: Funds can not be auto-moved to a specific account.
7. Private keys need backup: A regular backup is required.[ Almost every new account is
created ]
Known Issues with Moralis or Similar Solutions [ Infura, Etherscan].
1. Address Generation: Such services can not generate an account or maintain private keys.
2. Server App: Does not have any private app running on a server.
3. Signing Transaction: Transactions can not be signed.
4. Funds movement: Funds can not be auto-moved to a specific account.
Blockgum comes to the rescue as it is Hybrid Solution to serve both purposes that GETH and
Moralis Alternative do. Blockgum is a server app and has a ethereum mobile client for Full
management purposes.
Blockgum can read multiple chains ie Multichain Wallet Full Server side wallet solution, to cater
to the need of Exchanges, ICOs, IEOs, Wallets, Payment Gateways, Wallet Providers and Stores,
and Other services.
Blockgum is a Geth alternative as It supports HDWallet, which can generate billions of addresses. It
uses Single Master Public and Private keys. No need to maintain Millions of Private keys. Backup
once and you are good forever. Which is a perfect ethereum wallet tool.
Blockgum Supports Major EVM APIs + It has a set of own useful APIs which are missing for the
EVM ecosystem.
Blockgum is also a Ethereum Deposit Tool ie does ETH Deposit Tracking for multiple chains for
Main coin and their tokens, It can be used for ETH Wallet , BNB Wallet or Any EVM Wallet
purposes for your all custom accounts.
Comments
Disclaimer : I belong to the Blockgum it self, I am here introducing system that would be helpful for people using Geth and having hard time with lack features, ie Tracking deposits, processing withdrawals and Various stats monitoring. What is blockgum , It is alternative for GETH + Moralis , as Its all in one solution for multiple chains . Using one server and client you can install any EVM chain multiple chains same time. Product Description: Are you looking for a comprehensive and user-friendly solution to manage and track your digital assets on multiple EVM chains? Look no further than Blockgum! Our advanced HDWallet technology allows you to generate unlimited addresses with just one private key, and our derivation path is the same as Metamask. Plus, all geth features are already included. Blockgum can track transfers and deposits of network coins or tokens on any EVM network, and it can run multiple networks at the same time. This means that you can use a single address per customer for all EVM networks, such as ETH, Matic, FTM, Avax, BNB or any other EVM network listed on https://chainlist.org. Our mobile client connects to the Blockgum server app and allows you to manage and track everything, with tools like emergency restart/shutdown, address generation and tracking, deposit tracking, withdrawal from main account or any user account, and more. Plus, the mobile app offers a secure login using QR, so you can scan the QR code from the server CLI. On the server side, Blockgum offers unlimited address creation, support for any chain or multiple chains at the same time, no syncing required as it connects with Public RPC, super secure request to server are encrypted using JWT HS256, constant deposit tracking and deposit records in DB (MongoDB), withdrawals processing and records, deposit movement to main account, token monitoring and many more features. Blockgum is ideal for a wide range of use cases, such as crypto exchanges supporting multiple chains, ICO/IDOs, wallet service providers, online stores accepting crypto as payment, and people using Ethereum Web3, Geth or Moralis. And with our REST APIs, you can connect to any server or client-side app. We also provide complete Blockgum documentation, and our installation tool allows you to set up Blockgum in just a few steps, as quick as an hour max. With over 378 mainnet and 300 testnets supported by Blockgum, including popular chains like ETH, Matic, BNB, Avax, FTM, MOVR, CRO, HT, TOMO, and KLAY, you can easily support any EVM network by simply adding its RPC (HTTP/WSS) in chains.json. And with our commitment to privacy, Blockgum is an independent server application that does not share any information with anyone, including us. All we know is the MD5 of the Extended master public key. For more information, check out the video at to see how easy it is to install Blockgum on your server. Blockgum Server https://www.youtube.com/watch?v=6qBnSG80rVQ Blockgum Mobile https://www.youtube.com/watch?v=jaL4HY-MASw Thank you