09. Is the data on SharkScan is accurate?

SharkScan’s data is on-chain data, with the highest accuracy, similar to Blockchain. All data on transactions and assets are verifiable and collated from many different sources.

However, the error in the price of Cryptocurrencies will still take place. The price difference between the largest explorers such as Etherscan, Ethplorer, Blockchair… occurs due to a different data source and due to the inherent high volatility of Crypto.

To minimize these errors, SharkScan’s pricing system is calculated by averaging the prices between the two largest price-providing websites today, Coinmarketcap and Coingecko. All asset errors are always <5% when all Cryptocurrencies have reference prices.

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