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PubNub delivers a quick-start toolkit for Bitcoin Exchanges to handle the massive traffic spikes generated by traders of the popular new currency
SAN FRANCISCO and LAS VEGAS, Dec. 11, 2013 /PRNewswire/ -- (Inside Bitcoins Conference) -- PubNub, the only global Real-Time Network, today released a Bitcoin Exchange Solution Kit to allow Bitcoin Exchanges to quickly and easily add scalable real-time trade, pricing and collaborative features to their sites. A Bitcoin Exchange, like any financial trading platform, needs scalable, reliable and secure infrastructure to handle large trading volume spikes, stream real-time prices and trades as they happen, and deliver secure channels for customer communication. Now, Bitcoin exchanges can quickly deliver these powerful features reliably with the PubNub Bitcoin Exchange Solution Kit.
"With Bitcoin transactions having exceeded 100,000 in a day and valued at over $1,000 from just $13 a year ago, its apparent the virtual currency is catching on. And, like any financial trading platform, scalable and secure real-time infrastructure is key for ongoing success," said Stephen Blum, CTO of PubNub. "Now, Bitcoin Exchanges can focus on their business instead of the complex real-time systems and data centers required for these features."
MtGox, a leading Bitcoin exchange, has chosen PubNub to stream real-time data, "due to the difficulty to cope with the kind of volumes of data [needed] to broadcast real-time while keeping a reliable service," as described on their Wiki page: https://en.bitcoin.it/wiki/MtGox/API/Pubnub.
Using the proven PubNub Real-Time Network, the Bitcoin Exchange Solution Kit delivers the following core components:
- Real time public pricing data stream – Delivers financial streams to millions of devices in less than ¼ of a second without the need for any costly servers or configuration.
- Transaction and pricing history – Automatically records and encrypts public and private data streams for quick retrieval and playback.
- Secure streaming channels to users – A secure platform for streaming trade and transaction data to traders in real-time.
- User detection and collaboration – Provides powerful community collaboration features like real-time user presence detection, enabling both real-time customer service and customer collaboration.
- User analytics – Track trade volume, pricing, geographical information and more over time.
- Reliable, persistent network connections – Using the PubNub Real-Time Network, the Bitcoin Exchange Solution Kit ensures that network sockets remain open to any device so Bitcoin pricing data and trades are delivered in under ¼ of second anywhere in the world.
For more information on PubNub's Bitcoin Exchange Solution Kit, please visit: www.rtbitcoin.co
For more information, please visit www.pubnub.com.
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