HISTORICAL BITCOIN CONVERSION API CONVERSION PRICES
Ethereum, one of the largest and most widely used blockchain platforms, has been a reference for digital currencies. Bitcoin, the first and best known cryptocurrency, is often referenced as the gold standard in the cryptographic community. However, tracking Bitcoin’s historical prices in all exchanges can be challenging due to differences in data sources, pricing models and exchange policies.
The need for an authority
As a reliable source for historical bitcoin conversion rates, we need to collect data from various authoritarian sources. Currently, there are several APIs available that provide cryptocurrency price information. However, most of these APIs may not cover all exchanges or provide accurate and updated prices. In addition, some APIs may require manual intervention or have restrictive use policies.
The Solution: Ethereum Exchange API
To provide an exhaustive and authorized source for Bitcoin’s historical prices in the main exchanges, we propose the development of a comprehensive API that adds data from various cryptocurrency exchanges.
Data sources:
- Binance : A popular and widely used exchange with a large market capitalization.
- Kraken
: A professional negotiating platform known for its robust security features and extensive cryptocurrency list.
- Bitstamp : A respectable exchange with a long history of providing accurate price data.
- Huobi
: A well -established exchange that offers competitive prices and a wide range of cryptocurrency listings.
API Design:
Our proposal API will provide the following data points for Bitcoin’s historical prices:
- Date: The date the conversion was made.
- Rate: The current price of Bitcoin in USD at the specified date and time.
3.
- Listing: The cryptocurrency listed in the respective exchange.
Implementation:
To implement this API, we will use a combination of APIs from the following suppliers:
- COINMARKETCAP : A popular and authoritative source for cryptocurrency data.
- API Gateway : A third party service that provides safe and scalable API hosting.
The proposed API will be created using Python with the necessary libraries (for example, Requests for HTTP, ‘jsonrequests for data analysis).
Example Code:
Here is an example of code code demonstrating how to use the proposed API:
Python
import requests
DEF Get_Price (Data):
Exchange = Data [‘Exchange’]
Listing = Data [‘Listing’]
Rate = data [‘rate’]
base_url = f’https: //api.coinmarketcap.com/v1/coins/ {Listing}/Market_data ‘
Headers = {‘Acep’: ‘Application/Json’}
Params = {
‘Access_Key’: ‘Your_ConCap_api_Key’,
‘Api_Key’: ‘Your COINMARKETCAP API key’,
‘interval’: ’24h’
}
Answer = Requests.get (base_url, headers = headers, params = params)
If response.status_code == 200:
Date = Response.Json ()
Return {
‘Data’: Listing,
‘rate’: rate,
‘Exchange’: Exchange
}
other:
Raise the exception (f’failed to recuse price: {response.text} ‘)
DEF Main ():
Data = {
‘Exchange’: ‘Binance’,
‘Listing’: ‘BTCUSD’
}
Result = GET_PRICE (Data)
Print (Result)
If __Name__ == ‘__Main__’:
main()
`
Conclusion
The Ethereum Proposal Exchange API provides an authorized source for Bitcoin’s historical prices in the main exchanges. By adding data from various sources, this API ensures accuracy and reliability in providing cryptocurrency price information.
This solution can be easily integrated with any application or script that requires cryptocurrency price data.