Offering APIs To Other Bitcoin Exchanges is PubNub, that is Mt.Gox’s Real-Time Price Streaming Partner

What Is PubNub?

Building a business around offering APIs PubNub is letting developers stream different services such as messaging and other interactive services in their apps and websites. Adding a new module that focuses specifically on Bitcoin today the cryptocurrency du jour. Referred as the Bitcoin Exchange is PubNubs’s new site for the service as you will see that its demonstration of the service being powered with data from Mt.Gox which is one of the biggest of the Bitcoin exchanges. It turns out that Mt. Gox is one of PubNub’s and the use of PubNub powers the streaming on its homepage along with the rise in interest in Bitcoin which are the two main forces prompting the new solution. 

Since the company announced an $ 11 million raise it’s the third big product launch from PubNub where the other two were a solution kit for WebRTC as well as serverless access control. According to the PubNub’s CEO and co-founder, Todd Greene, he declined to tell the details of what currency Mt. Gox pays its PubNub bills where other details about the service for that matter includes how long it has been working with Mt. Gox as also what size Mt.Gox’s business represents PubNub. With around 500 large customers, the company according to Greene says it currently delivered real-time data to some 150million devices per month which is a number bigger than any single Bitcoin exchange as the company doesn’t currently transact in Bitcoin. 

What Do Mt.Gox Officials Have To Say?

Pointing out to what he did was to Mt.Gox’s developer page on the service that is first quietly posted about two weeks ago with notes opting for PubNub due to the difficulty to cope with the kind of volumes of data to broadcast real-time while keeping a reliable service. There is a list of public channels created on the PubNub API accessed by third-party developers using Bitcoin data. With the new solution kit, it covers a few different areas where PubNub says 

— It is the real-time public pricing data that streams for financial streams that can be sent to “millions of devices in less than ¼ of a second without the need for any of those costly servers or configuration.”
— The transaction and pricing history, as it encrypts private data streams.
— helping secure streaming channels to users.

— making efficient use of Community message board features similar to those of user detection and collaboration.

— taking the help of user analytics for exchanges and thereby track trade volume, pricing, geographical information, and time.

— Along with the PubNub guarantees that those network sockets remain open to any device as also “so Bitcoin pricing data and trades are delivered in under ¼ of second anywhere in the world.”

How Is This Affecting The Bitcoin Market?

Taking into account the present scenario it is as a cryptocurrency, Bitcoin supporters believe it offers a viable more efficient, and scalable way of paying things than more traditional fiat currencies been subject to a lot of criticism being a bubble currency only to be pushed ahead by speculators. Notably, large organizations like Apple are not very warm on it up to now as in many mass-market consumer contexts it’s still marginal. The prominent people as such are still based much of their modus operandi on making big bets on the future to be bullish on Bitcoin. Recently named a new partner Balaji Srinivasan, Andreessen Horowitz specifically focused on it and other disruptive forces touching the technology world like drones, 3d printing, and genetic testing.

The context is no matter whether it’s healthy growth or the speculation fuelling the rush around Bitcoin proving to be a very hot commodity right now as PubNub estimates that Bitcoin transactions are now exceedign100, 000 per day with value now bobbing above $ 1000, compared to $ 13 only a year.

Concluding The Discussion Here With A Few Insights 

The conclusion comes that regardless of whether it’s healthy growth or speculation that is fuelling the rush around Bitcoin, it’s proving to be a very hot commodity right now. PubNub estimates that Bitcoin transactions are now exceeding 100,000 per day, and its value now bobs above $1,000, compared to $13 for only a year. This has prompted the experts at Mt.Gox to move forward and get more ideas on the exchange and how to market the Bitcoin. This proves a success and a robust technology underlying the Bitcoin mining as well as the cryptocurrency world. Stay tuned and we are sure to bring you more info on the matter.