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blinktrade / bitex

BlinkTrade - Open Source Bitcoin Exchange
GNU General Public License v3.0
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Market Statsitics [feature request] #14

Closed amingilani closed 10 years ago

amingilani commented 10 years ago

Beginning with basic features such as current Bid/Ask price, and moving on towards market depths and charts.

pinhopro commented 10 years ago

I am personally opposed to create any graphics on the trading website. This just overloads the server for absolutely no reason.

The server should be fast, for people trade without any lag.

But there is an API where other websites can grab the data and show graphics. I just have to document it.

Unfortunately, most of those websites keep pooling the website for more data. This is just not right, that is why I will never release any public REST api.

It is time for developers to start using Websockets :)

amingilani commented 10 years ago

Allowing third parties like Bitcoin Charts to pool market data and display them in an easily comparable manner makes markets more efficient. As soon as an opportunity for arbitrage is available, it's then exploited repeatedly until the market settles at the global equilibrium. This means more users to the exchange, and a strongly efficient market.

Web server load is only a scalability issue. If it's that large a problem, a separate instance can easily be spawned to deal with that part of the problem :confused:

pinhopro commented 10 years ago

Websockets interface is 10x better for algo traders that are working on the arbitrage.

Bitcoin Charts will very soon implement a Websockets client to pull data from the exchange. It is the natural way to go.