DApps can now send push notifications to Ethereum wallet users
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4 Monaten ago
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An Indian startup has built a decentralized notification protocol dubbed Ethereum Push Notification Service (EPNS) allowing DApps to send push notifications to Ethereum wallet users.
Speaking to Cointelegraph, EPNS founder Richa Joshi said that they developed the protocol after finding a striking similarity between how applications operated in the early days of the internet and how they operate on Web 3.0.
She explained that Gmail or Orkut did not send notifications in their early days as they do now. Users would have to check back every time to see if they received any new emails or messages.
That changed when Apple launched notifications for internet applications in 2010, Joshi added, saying:
“All of a sudden, services began to reach out to users whenever an action was required from their end. It increased the engagement rate by 7x and massively improved user experience.”
From that perspective, she said, DApps, smart contracts and other decentralized services on Web 3.0 work similarly to early day GMail and Orkut. Joshi emphasized that this was what intrigued them to bring push notifications to the decentralized world and pull the industry out of the “stone age era of communication.”
Further explaining how EPNS works, she stated that EPNS is a decentralized communication layer that follows the Web 3.0 ethos and is “capable of carrying notifications to any platform including crypto wallets, mobile apps or even web browsers.”
Joshi said that EPNS would serve the same purpose for decentralized apps and services as Apple Push Notification Service does for iOS platforms. It will act as the decentralized middleware and verify the source, ensure spam protection, and only let notifications through to a wallet user if they have consented to receive them. She added that users will have complete control over whether they receive notifications:
“The protocol allows users to be in direct control of what services they get notifications from, it imposes rules on the services including spam protection for users, limiting their ability to add wallets as subscribers, etc.”
DApps and other decentralized services will have a better chance at pushing their services to the cryptocurrency community with the help of push notifications.
Similar to how the Chromium-based Brave browser rewards its users for viewing ads, EPNS would also provide incentives to cryptocurrency wallet users that opt-in for push notifications sent through the notification protocol. Additionally, cryptocurrency wallet providers that allow EPNS to send notifications to their users will also receive a part of the revenue generated from the system, Joshi concluded.
Crypto enthusiasts could make $122K per year mining Ethereum with this setup
Published
1 Stunde ago
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Dezember 29, 2020
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Simon Byrne has taken at-home crypto mining to a whole new level as he looks to capitalize on Ethereum’s (ETH) enormous price potential.
As first reported by Anthony Garreffa, Byrne has set up an ETH mining rig consisting of 78 GeForce RTX 3080 graphics cards. Although the RTX 3080 is marketed toward high-end PC gamers, crypto miners are using these powerful specs to enhance their capabilities.
With each card using roughly 300W of power, Byrne’s setup uses 23.4KW of energy. And that doesn’t even factor in associated costs like AC. All said, his electricity bill is estimated to run up to around $2,166 per month.
The RTX 3080 launched in September at a price of $699, but supply shortages have caused the per-unit cost to swell to $1,199. At the shortage price, that’s a price tag of $93,522 for Byrne’s setup.
Still, these costs could be offset by the operation’s mining capability. One GeForce RTX 3080 graphic card has a hash rate of around 83MH/s using Ethash, which should generate roughly 0.22236870 ETH per month, according to Garreffa. All 78 cards would therefore generate 17.3 ETH per month, which is equivalent to around $12,352 at today’s prices.
Stripping away the electricity costs, that’s roughly $10,200 per month or $122,000 per year. And that’s not factoring in Ethereum’s price potential during the next bull market.
Ether’s price zipped past $700 over the weekend, the first such move since mid-2018. The return of altseason, as some have predicted, could send ETH’s price even higher over the medium term as investors cycle from Bitcoin to other large-cap cryptocurrencies.
Bitcoin price rally cools down as Polkadot gains 34% in first week of ‘altseason’
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12 Stunden ago
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Dezember 29, 2020
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Bitcoin (BTC) fell below $26,000 on Dec. 29 as fresh fallout from Ripple’s threatened U.S. lawsuit was felt throughout crypto markets.
Cryptocurrency market overview. Source: Coin360
BTC price dips as Coinbase halts XRP trading
Data from Cointelegraph Markets, Coin360 and TradingView showed BTC/USD hitting lows of $25,830 during Tuesday trading.
$27,000 support failed to hold overnight, sparking a retest of lower levels which now center on $26,000. At the weekend, Bitcoin hit all-time highs of $28,400 before swiftly reversing.
The latest losses come as XRP, the fourth-largest cryptocurrency by market cap, hits $0.23 thanks to major U.S. exchange Coinbase opting to suspend trading from next month. The reason is a lawsuit from the U.S. Securities and Exchange Commission (SEC), which threatens to classify XRP as an unlicensed security and make trading it all but impossible.
“There is going to be a rangebound construction, after which 2021 will most likely break out again,” Cointelegraph Markets analyst Michaël van de Poppe summarized about Bitcoin’s short-term perspectives in a video update on Monday.
Analyst braced for altseason
Van de Poppe is eyeing altcoins as next in line to see major gains. XRP notwithstanding, the market is already showing signs of life, with Ether (ETH) climbing above $700 for the first time since May 2018 this week.
Another winner on Tuesday was Polkadot (DOT), now the seventh-largest token by market cap, which saw a 22.5% daily rise, capping weekly performance of nearly 34%.
For Van de Poppe, the next “impulse wave” on Bitcoin in 2021 should take the market to $40,000 or $50,000, but “until then, altcoins will most likely do well.”
He additionally pointed to a likely top in Bitcoin market cap dominance, which at almost 70% should soon give way to altcoin presence. December tends to see BTC dominance peaks, with 2017, the time of Bitcoin’s first attempt to crack $20,000, a notable comparison.