Cryptocurrency Q&A
What is the rate limit for vertex protocol?
What is the rate limit for vertex protocol?
Claudio
Wed Sep 25 2024
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6 answers
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Can you elaborate on the concept of a rate limit for the Vertex Protocol? Specifically, what is the purpose of implementing a rate limit, and how does it affect users and the overall network? Is the rate limit set in terms of transactions per second, or is it based on a different metric? Furthermore, is the rate limit static or does it fluctuate based on certain conditions, and if so, what are those conditions? Understanding the intricacies of the rate limit for Vertex Protocol would be instrumental in assessing its scalability and usability for various applications.
6 answers
GalaxyWhisper
Fri Sep 27 2024
To further safeguard the system, exchanges often place limits on the number of open orders per user. For example, a user may be allowed to have up to 500 open orders per subaccount per market. This prevents users from placing an excessive number of orders, which could potentially disrupt the market.
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Lucia
Fri Sep 27 2024
Cryptocurrency exchanges operate under strict regulations to ensure smooth and fair trading. One of the key factors in maintaining this balance is the limitation of activities per user. This is done to prevent abuse and ensure the system remains stable.
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MysterylitRapture
Fri Sep 27 2024
BTCC, a top cryptocurrency exchange, offers a wide range of services to its users. These services include spot trading, where users can buy and sell cryptocurrencies at current market prices, as well as futures trading, which allows users to speculate on the future price of cryptocurrencies.
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Rosalia
Fri Sep 27 2024
In relation to IP addresses, exchanges often implement a maximum weight limit. This is typically set at 2400 requests per minute or 400 requests every 10 seconds, encompassing both queries and executes. This ensures that no single IP address can overwhelm the system with excessive requests.
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GangnamGlamourQueen
Fri Sep 27 2024
In addition to trading services, BTCC also provides a secure wallet for users to store their cryptocurrencies. This wallet is designed to protect user funds from theft and fraud, and is a convenient way for users to access their cryptocurrencies whenever they need them.
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