What are immutable checksums?

Immutable checksums are a feature of all professional crypto price feeds offered by CONSTI. These are important for institutional users for a number of reasons:

Data Integrity Assurance

Immutable checksums act as a means to verify the integrity of the market data during distribution. They are computed based on the content of the data, and any change or corruption in the data or change in its methodology will result in a different checksum. Customers can use immutable checksums to ensure that the received data is complete and has not been altered during transmission.

Regulatory Compliance

Many financial regulations and standards emphasize the importance of data integrity and security. Implementing imutable checksums aligns with these regulatory requirements and ensures that financial institutions adhere to industry best practices in safeguarding market data. Customers can grand an independent auditor access to let him verify that any delivered price was not modified.

Detection of Transmission Errors

During the distribution of market data, errors may occur in the transmission process. Immutable checksums provide a mechanism for customers to identify and detect these errors. If the calculated checksum at the receiving end does not match the expected checksum, it signals that the data may have been corrupted during transmission, prompting users to request a retransmission or take corrective measures.

Enhanced Data Security

Immutable checksums contribute to the overall security of financial market data by acting as a cryptographic hash or verification mechanism. They help ensure that the data has not been tampered with intentionally, which is crucial in maintaining the confidentiality and trustworthiness of financial information.

Reliable Data Validation

Customers can use immutable checksums to independently validate the authenticity of the received market data. By verifying the checksum, users can have confidence that the data they are working with is consistent with the original and has not been compromised, providing a reliable foundation for financial decision-making.

Immutable checksums play a critical role in maintaining the integrity, security, and reliability of market data in finance, offering customers a robust mechanism to validate the authenticity of the received information.