What are the main differences between websockets and rest api when it comes to real-time data updates in the cryptocurrency market?

3 answers

• sanjit singhJun 18, 2024 · a year ago
  Websockets and REST API are two different protocols used to retrieve real-time data updates in the cryptocurrency market. Websockets offer a persistent connection between the client and the server, allowing for instant data updates without the need for constant polling. On the other hand, REST API requires the client to send requests to the server at regular intervals to fetch the latest data. This makes websockets more efficient and suitable for real-time applications like cryptocurrency trading. However, REST API is still widely used for retrieving historical data and performing other non-real-time operations in the cryptocurrency market.
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• Andrii DavydenkoOct 21, 2023 · 2 years ago
  When it comes to real-time data updates in the cryptocurrency market, websockets and REST API have distinct differences. Websockets provide a continuous connection between the client and the server, enabling instant data updates as soon as they occur. This makes websockets ideal for real-time applications like cryptocurrency trading, where up-to-date information is crucial. On the other hand, REST API requires the client to send requests to the server at regular intervals to fetch the latest data. While REST API is widely used for various purposes in the cryptocurrency market, it may not be as efficient as websockets when it comes to real-time data updates.
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• Avery SecristDec 26, 2023 · a year ago
  In the cryptocurrency market, websockets and REST API serve different purposes when it comes to real-time data updates. Websockets provide a bi-directional communication channel between the client and the server, allowing for instant data updates without the need for constant polling. This makes websockets more suitable for real-time applications like cryptocurrency trading, where timely information is crucial. On the other hand, REST API follows a request-response model, where the client needs to send requests to the server to fetch the latest data. While REST API is widely used for various operations in the cryptocurrency market, it may not be as efficient as websockets when it comes to real-time data updates.
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