BlockStreet - Global Bitcoin Index™ 1.0.4

The Global Bitcoin Index™ provides a real-time benchmark for Bitcoin prices, offering a straightforward and reliable reference point in a rapidly evolving market. It seeks to align Bitcoin valuation measures with the dynamic changes in the global financial landscape, addressing the need for more adaptable benchmarks.

As one of the most authoritative indices for Bitcoin pricing, the Global Bitcoin Index™ openly discloses its criteria for index inclusion, calculation methodology, and underlying data, ensuring transparency and accessibility. Designed to be fiat money and volume agnostic, it employs SEO metrics as primary weighting factors, reflecting a modern approach to indexing in a decentralized environment.

The development of the Global Bitcoin Index™ takes into account its continuously updated composition, representing all major Bitcoin indices reporting on the cryptocurrency’s price. Recognizing that Bitcoin trading is still emerging, the index anticipates future shifts in leading exchanges as blockchain technology advances and as regulatory clarity and mainstream adoption progress.

The index’s methodology involves calculating a spot price every 10 seconds by deriving a volume-weighted average of trading data over the preceding 24 hours, synchronized via Coordinated Universal Time (UTC). This approach aims to facilitate clearer analysis and to help users understand price variances as additional exchanges are integrated into the index.

All data collection is conducted from multiple geographic locations via three distinct IP addresses to minimize errors and ensure data integrity. Any modifications to the calculation process will be documented alongside updates to the API and related technical resources.