Alchemy, a Web3 software development platform enterprise, has released a new "transaction simulation" product, which is committed to making the initiation and push of data encryption transactions convenient and fast for users.
Users are extremely vulnerable to fraud because they do not know the transaction location pushed by customers. Chainalysis, a blockchain analyst, recently released a report saying that blockchain users lost nearly US $5 billion due to fraud in 2022. Alchemy indicated that its simulation module is committed to establishing a security strategy that allows users to ensure that their transaction data information is correct and that the transaction will reach the appropriate location.
Bastien Moyroud, the product engineer of Alchemy, told WJB that developers would have "a means to integrate simulation into products". Moyroud added that its purpose is to "improve the user's visibility of what has happened"
The new product has three new APIs: "property change", "implementation simulation" and "binding simulation". They can be used from Ethernet, irregular graphics and the Arbitrum blockchain. (The fourth API is already available, and the third will be released next week.)
Using the first API, the simulator can determine the access of the user's wallet through transactions, thus giving an additional sense of security.
The second API provides developers with the ability to read values based on the special data information to be simulated.
The third API allows developers to bind transactions and allow them to execute them in order (so that one transaction will automatically move after another).
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Tue, 18 Apr 2023