How can websockets and APIs be used for real-time data updates in the world of digital currencies?

3 answers

• Aquiles GomezAug 18, 2020 · 5 years ago
  Websockets and APIs play a crucial role in delivering real-time data updates in the world of digital currencies. Websockets allow for bidirectional communication between a client and a server, enabling instant updates without the need for continuous polling. APIs, on the other hand, provide a standardized way to retrieve data from digital currency exchanges and other platforms. By combining websockets and APIs, developers can create applications that receive live data on cryptocurrency prices, market trends, and trading volumes. This real-time information is essential for traders and investors to make informed decisions and react quickly to market changes.
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• CHERISH PUNIANI 23117042Jan 06, 2021 · 5 years ago
  Real-time data updates are vital in the fast-paced world of digital currencies, and websockets and APIs are the key technologies that enable this. Websockets provide a persistent connection between a client and a server, allowing for instant data transmission without the need for frequent requests. APIs, on the other hand, provide a structured interface for accessing data from digital currency exchanges. By utilizing websockets and APIs together, developers can create applications that receive real-time updates on cryptocurrency prices, order book changes, and trade executions. This enables traders to stay up-to-date with market movements and execute timely trades.
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• Bean CherryJun 17, 2022 · 3 years ago
  When it comes to real-time data updates in the world of digital currencies, websockets and APIs are the dynamic duo. Websockets provide a continuous connection that allows for instant data transmission, eliminating the need for constant polling. APIs, on the other hand, serve as the bridge between applications and digital currency exchanges, providing a standardized way to retrieve data. By leveraging the power of websockets and APIs, developers can create applications that receive real-time updates on cryptocurrency prices, trading volumes, and market depth. This real-time data is crucial for traders to analyze market trends and make informed trading decisions.
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