Chainpoint vs. Blockdaemon

The Bitcoin blockchain provides a unique opportunity to anchor limitless amounts of data, ensuring both its integrity and existence without the need for a reliable intermediary. Chainpoint facilitates this process by associating a hash of the data with the blockchain and offering timestamp evidence. Upon receiving hashes, a Chainpoint Node organizes them into a Merkle tree structure, with its root being made public via a Bitcoin transaction. The Chainpoint proof generated establishes a cryptographic link between the original data and the Bitcoin blockchain through specific operations. Furthermore, each proof contains the essential details required to validate that a hash has been securely anchored to the blockchain, indicating that the data was indeed available at the moment it was anchored. This advanced mechanism enables independent verification of Chainpoint proofs without the necessity of a trusted third party, fostering user confidence in the authenticity and durability of their data. Consequently, users can trust that their information remains immutable and verifiable over time, bolstering the overall reliability of the blockchain as a data anchoring solution.

Trusted by 400+ institutions, we support over $110B in digital assets through secure blockchain infrastructure—spanning nodes, APIs, staking services, and MPC wallet technology. Since 2017, our globally distributed systems have delivered enterprise-grade scalability, security, and compliance for the world’s leading financial and crypto platforms.