Tech 26 October 2018Erik Gibbs
Real-time API for Bitcoin BCH released
Unwriter is at it again. The prolific cryptocurrency developer announced on Yours.org on Wednesday a new development that has incredible possibilities. He has created a new application programming interface (API) called Bitsocket, a “powerful bitcoin push notification infrastructure for building real-time event driven bitcoin applications.”
According to Unwriter, “Bitsocket lets you subscribe to any pattern of [real-time Bitcoin] transactions through Bitquery to build [real-time Bitcoin] event driven apps.” He adds that the Bitquery data can then be used to create the push notification.
Bitsocket can transform incoming transactions into a structured format in real time. It then can apply a real-time in-memory filter combined with a transform function to convert the transaction object into an application-specific event for clients. Unwriter further explains, “This content-addressed pubsub model (unlike traditional location-addressed models like a regular websockets app) is important. It means you can seamlessly switch out one bitsocket node to another and your app will function exactly the same because every bitsocket node is identical and your client is subscribed to the server-independent immutable query instead of being married to a specific server endpoint.”
The transformed event is then pushed to the corresponding application using a Server Sent Event. Any apps—mobile, web, hardware or server-side—can be the target. These apps can then trigger another app, making Bitsocket one of the most powerful and versatile APIs in the community.
Unwriter provides several real-world examples where this API can be beneficial. Real-time apps can be created that are virtually the same as “IF-THEN” statements in basic computer programming. Third-party APIs, including Github, text messaging or even Twitter, can be triggered through simple configurations.
It is also possible to create a trigger that sends cryptocurrency based on a certain event. Bitcoin BCH transactions themselves can be used as Inter Process Communications (IPC). Bitsocket can allow a developer to configure an app to send an event to another app directly through a transaction. “This way it becomes possible to build a group of completely independent applications from multiple parties that autonomously talk to one another using Bitcoin as the central message bus and bitcoin transactions as inter process calls,” details Unwriter.
Unwriter is behind several high-profile Bitcoin BCH projects, such as Chainfeed, Read.cash and the bitdb.network. With his latest development, the entire Bitcoin BCH ecosystem just became substantially more versatile and its power much more realized.
Note: Tokens on the Bitcoin Core (SegWit) chain are referenced as BTC coins; tokens on the Bitcoin Cash ABC chain are referenced as BCH, BCH-ABC or BAB coins.
Bitcoin Satoshi Vision (BSV) is today the only Bitcoin project that follows the original Satoshi Nakamoto whitepaper, and that follows the original Satoshi protocol and design. BSV is the only public blockchain that maintains the original vision for Bitcoin and will massively scale to become the world’s new money and enterprise blockchain.
Tech 15 minutes ago
Is China banning Bitcoin mining?
The draft proposal from China’s economic planning commission, which labels bitcoin mining as an industry that needs to be “eliminated," sparks undesirable attention to the global mining industry.
Tech 19 May 2019
Future block reward halvings spell doom for Bitcoin Core but bright future for Bitcoin SV
nChain’s chief scientist Dr. Craig Wright has performed some calculations about future economics for Bitcoin Core (BTC).
Tech 17 May 2019
Democrat Andrew Yang believes blockchain ‘big part’ of US future
A candidate for Democratic presidential nomination has spoken out in favor of blockchain, saying the technology will be a “big part of our future.”