FAQs on Data Solutions

Data solutions is a business unit of BLOCKSIZE clustering products and services in relation to financial market data. BLOCKSIZE data solutions compromise of three items:

• BLOCKSIZE CONNECT (subscription to crypto price feeds)
• BLOCKSIZE ORACLE (publication of market data oracles)
• BLOCKSIZE NOPS (blockchain node operations)

BLOCKSIZE CONNECT provides compliant crypto asset prices for professional market players. Users get access to real-time prices or daily closing prices.

Crypto price feeds are usually not precise. Any data vendor has their very own methodology in place in order to calculate “correct” prices. The market data product BLOCKSIZE CONNECT only uses highly reliable CEXs (centralized exchanges) and DEXs (decentralized exchanges) for determining prices. BLOCKSIZE avoids smaller exchanges and those prone to wash trading. By doing so it managed to be very close to “correct” prices.

BLOCKSIZE CONNECT data comes with full price source transparency, a sophisticated outlier detection, and additional quality measures to ensure that its crypto price feeds are considered compliant. As a compliant market data product, BLOCKSIZE CONNECT is typically used by financial institutions who are invested in cryptocurrencies.

An oracle publishes “off-chain” data on a blockchain. An oracle alone has the single-source problem: it can fail. In order to avoid this situation, BLOCKSIZE is teaming up with additional node operators in order to provide a decentralized oracle network (DON) infrastructure to customers.

The best is to reach out to BLOCKSIZE for a complementary presentation of the data solutions.

The time period for launching a BLOCKSIZE ORACLE depends on the amount of add-ons requested by the customer. The process usually takes between four weeks and found months.