BKEX Exchange Trade Data

BKEX is a cryptocurrency exchange platform that offers several benefits compared to its direct competitors. One of the key advantages of using BKEX is its extensive range of cryptocurrencies and trading pairs. BKEX provides a wide selection of digital assets, allowing users to diversify their investment portfolios and explore various trading opportunities.

Another benefit of BKEX is its user-friendly interface and intuitive trading platform. The platform is designed to be easily navigated by both experienced traders and beginners, providing a seamless trading experience for all users. BKEX also offers advanced trading features such as limit orders, stop-loss orders, and margin trading, empowering users to execute complex trading strategies.

In terms of security, BKEX prioritizes the safety of user funds. The platform implements robust security measures, including multi-factor authentication and cold storage for cryptocurrencies. BKEX also conducts regular security audits and employs advanced encryption technologies to safeguard user data.

Compared to its direct competitors, BKEX stands out with its superior liquidity. The platform provides deep order books and high trading volumes, ensuring efficient and seamless order execution. Moreover, BKEX offers a reliable and stable trading infrastructure, minimizing downtime and latency issues during peak trading periods.

Overall, BKEX offers a range of benefits that make it an attractive choice for cryptocurrency trading. Its extensive selection of cryptocurrencies, user-friendly interface, advanced trading features, robust security measures, and superior liquidity set it apart from its direct competitors.

BKEX is a cryptocurrency exchange platform that operates using blockchain technology. The underlying technology behind BKEX is a decentralized ledger system, which ensures a transparent and secure environment for trading digital assets. BKEX utilizes the Ethereum blockchain for its operations.

On the Ethereum blockchain, BKEX creates smart contracts that facilitate the trading of cryptocurrencies. These smart contracts are self-executing agreements with the terms of the trade directly written into the code. This eliminates the need for intermediaries or third parties, increasing efficiency and reducing costs.

BKEX functions as a decentralized exchange (DEX), enabling peer-to-peer trading without relying on a central authority. Users can securely trade cryptocurrencies directly with each other using their own private keys. This removes the risk of funds being held by a centralized exchange and minimizes the potential for hacks or fraud.

To ensure the validity and accuracy of trading data, BKEX utilizes blockchain oracles. These oracles act as external information providers, supplying verified data to the smart contracts. Oracles play a crucial role in ensuring that the blockchain network has access to real-world information, such as the current price of cryptocurrencies.

Overall, BKEX leverages the power of blockchain technology, specifically the Ethereum blockchain, to provide a decentralized and secure trading environment. By utilizing smart contracts and blockchain oracles, BKEX enables efficient and transparent peer-to-peer trading for its users.

DIA takes a comprehensive approach to sourcing trade data from various DeFi and NFT exchanges. The process differs depending on the type of exchange being referred to.

For centralized exchanges like Coinbase, Kraken, and Binance, DIA utilizes scrapers that collect trade data directly from the exchange databases. This is achieved using Rest APIs or WebSocket APIs. The frequency of data collection varies between 1 to 7 seconds, depending on the exchange. By retrieving data as close to the source as possible, DIA ensures high precision.

In the case of decentralized exchanges, DIA collects data from different blockchains by subscribing to swap events in liquidity pools. This allows DIA to retrieve trading data directly from the blockchain, ensuring enhanced accuracy. Popular decentralized exchange sources include Uniswap, curve.finance, and PancakeSwap.

When it comes to NFT marketplaces, DIA captures live trading data by retrieving information from integrated marketplaces' smart contracts. The retrieval period typically ranges from 20 seconds to 1 minute, covering real-time NFT transactions. By focusing on the actual transactions happening on integrated marketplaces, DIA ensures data precision and avoids relying on unreliable bids and offer data. Examples of notable NFT integrated exchange sources include Blur, X2Y2, OpenSea, and TofuNFT.

DIA's comprehensive data management strategy allows them to provide highly accurate and customizable price feeds. By leveraging various data sources and employing different approaches depending on the type of exchange, DIA ensures the delivery of reliable and precise trade data to support blockchain applications and smart contracts.

DIA utilizes a specific process to compute trade data from BKEX in order to build price feed oracles. The process differs depending on the type of exchange being referred to, whether it is a decentralized finance (DeFi) exchange or a non-fungible token (NFT) collection.

For DeFi exchanges, DIA follows a two-step approach. The first step involves data cleaning and outlier detection. By using techniques like the Interquartile Range (IR) filter, DIA identifies and excludes data points and sets that fall outside an acceptable range relative to the interquartile range. This helps to remove irregularities caused by market manipulation, errors, or flash crashes, ensuring that the price estimation is based on reliable data.

The second step is the application of price determination methodologies. DIA employs trade-based filters to calculate a single USD price value for each asset. For example, the Volume Weighted Average Price (VWAP) methodology takes into account the different volumes of trades by weighting them accordingly. Another example is the Moving Average with Interquartile Range Filter (MAIR), where trades are sorted by timestamp, and a weighted average price is calculated based on the volume.

On the other hand, when building price oracles for NFT collections, DIA follows a different process. Firstly, the on-chain trade data is processed through cleansing filters to exclude market outliers and manipulation techniques. Then, a pricing methodology is applied to determine the final price point.

The simplest NFT pricing methodology offered by DIA is the Floor Price, which provides the lowest sale price recorded on the blockchain within a specific time window. However, due to the potential for manipulation, DIA offers advanced methodologies to produce more realistic and reliable NFT floor prices. An example is the Moving Average of Floor Price, which calculates the moving average of a collection's floor price. DIA also applies an interquartile range outlier detection filter to detect and filter out malicious behavior like wash trading.

DIA can also discuss custom filters and methodologies for specific use cases, providing flexibility to cater to different requirements.