BitCoinPriceProtocol

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Introducing an NTP for real-time Bitcoin and crypto price updates.

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About this project

The Bitcoin Price Protocol (BPP) provides a reliable and fast method for obtaining accurate Bitcoin prices through UDP packets. With global synchronization under a second and no reliance on oracles, it ensures real-time data from exchanges like Kraken and Coinbase. Trust the price of your cryptocurrency wallet even during outages.

BitCoinPriceProtocol (BPP) is designed to deliver accurate Bitcoin and cryptocurrency price information using a robust and efficient protocol. This project utilizes 96-byte UDP packets to facilitate global synchronization in under one second, ensuring that users receive timely and reliable price data without reliance on oracles.

Key Features

Real-Time Pricing: Retrieve up-to-the-minute prices directly from trusted exchanges, such as Kraken and Coinbase.
High Availability: The system provides a response even during outages of popular price aggregators like CoinGecko, ensuring users always see the true market value of their holdings.
Rapid Settlements: By eliminating delays seen in traditional systems (like the 10-second lag of Chainlink), BPP supports Lightning invoices that can settle in just 2 seconds.
Reliable Data: Utilize a weighted median approach to mitigate the impact of compromised exchanges, ensuring that price reports remain accurate.

Usage Example

Here is an example of the kind of data that can be retrieved using the protocol:

# Requesting Bitcoin price
udp_client --request "Bitcoin Price"

With the BitCoinPriceProtocol, users can trust that they are always getting the most accurate and timely Bitcoin and cryptocurrency prices, enhancing their trading and investment strategies.