Ticker Tool Uses the BCH Blockchain to Provide Reliable Rate Data

Instantly verifiable, unhackable and forever retrievable are some of the key features of information stored on a blockchain. These are also the characteristics that traders of various assets, commodities and currencies would appreciate when it comes to the price data they are using. The team behind the Blitz Ticker project have decided that’s exactly what they need, too.

Also read: Skrill Now Lets You Swap BTC for BCH

Blitz Ticker Offers Current Price Data for Cryptocurrencies

Blitz Tickdata is a platform that aims to become the world’s first rate publisher on blockchain. It tracks crypto, forex, and bullion prices and distributes rates each second onto a P2P network. The service has been operating in testing mode for some time and Blitz has promised its users a beta version but they already have plenty of information available on their website.

Coinbase 3

Ticker Tool Uses the BCH Blockchain to Provide Reliable Rate Data

The ticker tool provides current and historical data about the price of bitcoin core in U.S. dollars and the rates of other leading cryptocurrencies against BTC, including bitcoin cash (BCH), ethereum (ETH), ripple (XRP), and litecoin (LTC). You can explore rates for a specific period by setting a start and end date and also get daily, weekly and monthly charts through the quick select function.

The task of saving all this information on a blockchain involves a lot of crypto transactions. Blitz have chosen the bitcoin cash (BCH) network to record their timestamped price rates. Transferring BCH is almost instantaneous and often costs less than a U.S. cent which is an advantage over other cryptocurrencies. The low transaction fees on the BCH network have played a role in selecting the blockchain that can do the job for the project.

Rates Encoded Into Bitcoin Cash Transactions

The real-time rate data is thus encoded into BCH transactions and propagated throughout the world, the team notes. That allows Blitz Ticker to maintain a truly decentralized rate publishing system that’s always available to traders and other users. A documentation page explains how the data can be used in other applications as well.

Blitz Ticker uses addresses that map to a separate set of symbols and the rate data is stored in the format OP_RETURN OP_PUSHDATA [TIMESTAMP] OP_PUSHDATA [DATA]. The timestamp is 32bit Unix Time. The document further details how to query data from the platform and provides instructions on how to take advantage of its other features.

Ticker Tool Uses the BCH Blockchain to Provide Reliable Rate Data

The rate publishing tool has been developed by Blitz which unites professionals with extensive experience in both cryptocurrency and traditional finance markets, including the trading of digital assets, mining hardware and hashrate. The company states that its mission is to help entrepreneurs, family funds and private individuals grow and preserve their crypto assets.

Besides Tickdata, Blitz has also created and maintains a network of miners, traders, crypto investors, banks, exchanges, and brokers. They are involved in over-the-counter (OTC) trading with clients and partners in Beijing, Hong Kong and Tokyo. The network offers investment opportunities in three major sectors: mining, exchange and trading. A private fund set up by Blitz is targeting accredited investors ready to invest $100,000 or more in cryptocurrencies.

What do you think about the Blitz Ticker platform using the Bitcoin Cash blockchain? Share your thoughts about it in the comments section below.

Disclaimer: This article is for informational purposes only. It is not an offer or solicitation of an offer to buy or sell, or a recommendation, endorsement, or sponsorship of any third party products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Images courtesy of Shutterstock, fair use.

Do you want to dig deeper into Bitcoin? Explore past and present cryptocurrency prices through our Bitcoin Markets tool and head to our Blockchain Explorer to view specific transactions, addresses, and blocks.

Tags in this story
BCH, bitcoin cash, Blitz, Blitz Tickdata, Blitz Ticker, Blockchain, crypto, Cryptocurrencies, fund, Investors, Miners, platform, Price, Prices, rates, ticker tool, tool, Traders, transactions
Ticker Tool Uses the BCH Blockchain to Provide Reliable Rate Data 1
Lubomir Tassev

Lubomir Tassev is a journalist from tech-savvy Bulgaria. Quoting Hitchens, Lubomir says: ”Being a writer is what I am, rather than what I do.“ International politics and economics are two other sources of inspiration.

Please enable JavaScript to view the

comments powered by Disqus.

Ticker Tool Uses the BCH Blockchain to Provide Reliable Rate Data 2
About the author

E-Crypto News was developed to assist all cryptocurrency investors in developing profitable cryptocurrency portfolios through the provision of timely and much-needed information. Investments in cryptocurrency require a level of detail, sensitivity, and accuracy that isn’t required in any other market and as such, we’ve developed our databases to help fill in information gaps.

Related Posts


E-Crypto News Executive Interviews


Bitcoin (BTC) $ 33,867.00
Ethereum (ETH) $ 2,162.01
Tether (USDT) $ 1.00
Binance Coin (BNB) $ 302.94
Cardano (ADA) $ 1.21
XRP (XRP) $ 0.609035
USD Coin (USDC) $ 1.00
Dogecoin (DOGE) $ 0.195029
Polkadot (DOT) $ 13.57
Binance USD (BUSD) $ 0.999557
bitcoinBitcoin (BTC)
$ 33,867.00
ethereumEthereum (ETH)
$ 2,162.01
tetherTether (USDT)
$ 1.00
bitcoin-cashBitcoin Cash (BCH)
$ 457.40
litecoinLitecoin (LTC)
$ 125.61
bitcoinBitcoin (BTC)
ethereumEthereum (ETH)
tetherTether (USDT)
bitcoin-cashBitcoin Cash (BCH)
litecoinLitecoin (LTC)
bitcoinBitcoin (BTC)
ethereumEthereum (ETH)
tetherTether (USDT)
bitcoin-cashBitcoin Cash (BCH)
litecoinLitecoin (LTC)

Automated trading with HaasBot Crypto Trading Bots

Crypto Scams

Cryptocurrency Exchanges
Cryptocurrency Exchanges and the Plague of Scams and Bans
June 29, 2021
What Role Do Cryptocurrencies Play In The Era Of Ransomware Attacks?
June 9, 2021
Crypto Scams On The Rise As Market Enters Bull Cycle
Crypto Scams On The Rise As Market Enters Bull Cycle
December 22, 2020
Harpreet Singh Sahni perpetrated the Plus Gold Union Coin (PGUC) scam
Sydney Concert Promoter Harpreet Sahni Involved In $50M Crypto PGUC Scam
November 2, 2020
KuCoin hackers steal $150 million
KuCoin Exchange Hacked But Insurance Will Cover The Stolen $150M
September 29, 2020

Blockchain/Cryptocurrency Questions and Answers

Short-Sell Cryptocurrency
How to Short-Sell Cryptocurrency: A Brief Overview
July 17, 2021
What Is Klaytn (KLAY) And How Does It Work?
July 16, 2021
Our Crypto Roundup Interview Asks- Do Cryptocurrencies Have a Future?
July 15, 2021
What Is Solana (SOL) And How Does It Work?
June 26, 2021
What Is Plethori Platform And How Does It Work?
June 12, 2021

CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin33,826 0.15 % 3.78 % 7.73 %
Ethereum2,156.1 0.22 % 3.78 % 15.04 %
Tether1.000 0.12 % 0.18 % 0.14 %
Binance Coin302.79 0.47 % 4.08 % 0.13 %
Cardano1.210 0.27 % 2.19 % 3.35 %
XRP0.6071 0.37 % 1.54 % 2.66 %
USD Coin0.9997 0.22 % 0.21 % 0.09 %
Dogecoin0.1949 0.04 % 1.09 % 11.48 %
Polkadot13.57 0.92 % 4.82 % 12.93 %
Binance USD0.9993 0.25 % 0.46 % 0.53 %

Bitcoin (BTC) $ 36,514.00
Ethereum (ETH) $ 2,265.90
Tether (USDT) $ 1.01
Binance Coin (BNB) $ 310.99
Cardano (ADA) $ 1.27
XRP (XRP) $ 0.620679
USD Coin (USDC) $ 1.01
Dogecoin (DOGE) $ 0.206162
Polkadot (DOT) $ 14.15
Binance USD (BUSD) $ 1.00