How do websockets vs rest affect the real-time data updates in cryptocurrency markets?

1 answers

• lenaMay 27, 2023 · 2 years ago
  In the cryptocurrency markets, websockets and REST APIs have different impacts on real-time data updates. Websockets provide a persistent connection between the client and the server, allowing for instant updates as soon as new data becomes available. This makes them ideal for applications that require real-time monitoring and quick response times, such as high-frequency trading. On the other hand, REST APIs follow a request-response model, where the client sends a request to the server and waits for a response. While REST APIs are easier to implement and widely supported, they may introduce delays and increase network traffic due to frequent polling. When it comes to real-time data updates, websockets offer a more efficient and responsive solution compared to REST APIs. However, the choice between the two depends on the specific needs and constraints of the cryptocurrency market application.
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