Blockchain transaction monitoring, also known as Know Your Transaction (KYT), is essential for ensuring security, transparency, and compliance within decentralized systems.
Real-time monitoring allows decentralized applications (DApps) to optimize performance, ensuring transactions are processed accurately and efficiently while minimizing the risk of malicious activities.
A dRPC, or Decentralized Remote Procedure Call, serves as a decentralized interface that allows DApps to interact with the blockchain, providing a crucial infrastructure for executing blockchain commands.
The key distinction between an API and an RPC is that an API communicates with centralized databases, whereas an RPC communicates directly with the blockchain, facilitating a decentralized approach.
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