
UTXOracle
120 posts

UTXOracle
@UTXOracle
Using the UTXO set to calculate a bitcoin price Telegram: https://t.co/b53iwp3cb6



For a long time I didn’t know much about mempools. When you start building things you face this conundrum and learn quite a bit. For those finding this post here is the why: Each Bitcoin node maintains its own mempool in its local RAM (memory). Therefore mempools aren’t perfectly identical across the network - they’re not stored in some centralized location or on the blockchain itself.


Decision made Everyone has a different mempool so there won’t be a consensus decentralized mempool UTXOracle price I’ve decided to offer the price from my mempool via API. It can be independently verified after txs confirm Test mode this weekend. Likely release Tuesday




If we listen closely Bitcoin tells us its own price UTXOracle is LIVE! 100% on-chain data Real-time mempool entries No banks No exchanges No paper trading No API calls Open source Decentralized The only objective price Stream link in bio and comments 👇 Let the signal speak




A new UTXOracle will be released soon. Here's an ascii art depiction of the improved algorithm. @skot9000 @DanielLHinton













