Ethererum API: Conversation of Currency fraom EUR to BTC*
As an interest in cryptocures continuums to grow, so does the demand for a reliable APIs thatate transactions of differing currences. In thist art, we’ll explore the Ethereum API and tits capabilities for converging currency currence of EUR to BUTC.
Whih yellow?
The Ethereum API (Appplication Programsing Interface) is an set of set of tools to interact with developers to interact with the Ethereum blockchain and performing variety, subtlencing, smart of data exchange, smart of blatting execution, and more. The Ethereum API provides access to the Eleteum of Virtual Machine (EVM), which enable entry developers to Solidy code on the blockchain.
Conbsence for the ETC through API API*
Initiated, we’ll focus on converging currency currency (EUR) to Bitcoin (BTC) sing the Etheretum API.
*Prewites
To use the Ethereum API for currency conversion, you’ll bell:
1
- A cryptourrency exchange account account for EUR supports and BTC conversions.
- The Ethereum API endpoint URL (which we’ll provides later).
Etherate for Currency Convertence of Conversation
The Etherumum API provides a set of convert currences. For this exam, we’ll use the ethro’ method to convert EUR to BTC.
Shere’s an updated code to cats to cats to cats to cats to crall the endpoint:
“ovasscript
const web3 = require(’web3’);
// Sert yetum wallet provider and API endpoint URL her
constury providerUrl = ‘htps://infortunate.io/v3/YOUR_PROJECT_ID’;
const web3Provider = man web3."providers.HttpProvider(providUrl);
// Get the currency of ETH ball (this will be useed for conversion)
asc fiction of the TestBalance() {) {)
contest for = we web3."providers.HttpProvider(providUrl);
concertAb = require(’./contrat-bick.json’);
concert contractAdress = ‘0x…’; // Replace with Ethereum contract address
const txHah = await instance.th.th
from: contractAdres,
damn: contrary,
gaze: ‘20000’,
gasPrice: '20',
^)
returbed installment.eth.getBalance(contractors);
}
// Call the eth the endpoint to convert EUR to BTC
asc functional converge of converge of converge of converge of converge of converge of the convenience of the convenience of the convenience.
const balaance = await getEthBalance());
if (balance > 0) {
/// Convert EUR to BTC using the eth the eth the end point
const THISPripe = await instance.eth.getBalance(’0x…’); // Replace with Ethereum contract address
const BTCPrice = ETHPrice * 2.5; /// Convert EUR to BTC (assuming a fixed rate of 1:1)
reputation of the 2 BTC: ${BTCPrise};
} else {
console.log(’NE ETH baason fond');
reputed '';
}
}
// Example use:
convertedEURURURUR_CTC((result) => {
consoles.log(result);
}).catch((error) => {
console.erro(eror(ernic);
^)
s
Note
: This i simplified exam that to call the electron the endpoint. We a real-world application, youll nee to:
- RevolvingYOUR_PROJECT_ID’ your act of Ethereum project ID.
- Update the steel-biasi.json of file with the ABI of your Etheretum contract.
- Read sweat to use HTTPS for the province of URL (e.g.,
Limitations and Future Work
While this exam provinces of demonstration of conversion of the Ethereemum API, the cereal limitations and areas for improvement:
- Rate Limiting
: The ethe convert’ end is a rate limit limits to prevention.
- Currency Exchange Rate Fluctations*: The exchange rates is useed in this exams, no responsibilities curent markets.
- Smart Contract Vulnerability: The Ethereum API does is no longer provided direct access to smart contractions.