Home web3.0 Is the data in the non-small account trustworthy?

Is the data in the non-small account trustworthy?

Jul 23, 2024 pm 07:12 PM
Blockchain cryptocurrency exchange

The data of non-small accounts is generally trustworthy and mainly comes from exchanges and blockchain. Its accuracy is affected by exchange reliability, blockchain confirmation time and aggregation algorithm. Verification processes and user feedback help improve data reliability, but cryptocurrency markets are volatile and risky, and data providers cannot guarantee complete accuracy.

Is the data in the non-small account trustworthy?

Is the non-small data reliable?

Feixiaohao is a platform that provides cryptocurrency prices, market data and analysis. The issue of data credibility has attracted much attention.

Data source

Feixiaohao’s data mainly comes from the following sources:

  • Exchange: Feixiaohao aggregates transaction data from major cryptocurrency exchanges around the world.
  • Blockchain:It also collects transaction data directly from the blockchain to supplement the exchange’s data.

Data Accuracy

The data accuracy of non-small numbers is affected by a variety of factors:

  • Exchange Data Reliability: Exchanges may report inaccurate data due to technical issues or manipulation.
  • Blockchain Confirmation Time: Blockchain transactions take some time to be confirmed, which may cause data delays.
  • Aggregation algorithm: Feixiao uses algorithms to aggregate data from different sources, which may introduce errors.

Verification process

Feixiao has a verification process to improve data credibility, including:

  • Exchange screening: It only uses data from exchanges with good reputations and stable trading volumes.
  • Blockchain Confirmation: It only incorporates data after the transaction is confirmed by the blockchain.
  • Outlier Detection: It uses algorithms to detect outliers and unusual transactions.

User feedback

User feedback is crucial for assessing the credibility of non-small accounts’ data. Many users report that its data is generally accurate and reliable. However, some users have raised concerns about the real-time nature and latency of the data.

Conclusion

Non-small data is generally credible, but its accuracy is affected by many factors. It works to improve the reliability of its data through validation processes and user feedback. However, users need to be aware that the cryptocurrency market is inherently volatile and risky, and no data provider can guarantee 100% accuracy.

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