How does WebSockets contribute to real-time data updates in the cryptocurrency market?
Madhav AgarwalNov 23, 2021 · 3 years ago1 answers
Can you explain how WebSockets technology contributes to providing real-time data updates in the cryptocurrency market? How does it work and what benefits does it offer?
1 answers
- Nov 23, 2021 · 3 years agoWebSockets are a game-changer when it comes to real-time data updates in the cryptocurrency market. They enable a constant and efficient flow of information between the client and the server. As soon as new data is available, the server can push it to the client without any delay. This means that traders can get instant updates on market prices, order book changes, and other relevant information. With WebSockets, you don't have to worry about refreshing your screen or missing out on important updates. It's like having a direct line to the heartbeat of the market. And that's why WebSockets are widely used by trading platforms and exchanges to provide real-time data updates to their users.
Related Tags
Hot Questions
- 97
What are the best practices for reporting cryptocurrency on my taxes?
- 93
What are the best digital currencies to invest in right now?
- 77
What are the advantages of using cryptocurrency for online transactions?
- 68
How does cryptocurrency affect my tax return?
- 57
What are the tax implications of using cryptocurrency?
- 38
How can I protect my digital assets from hackers?
- 33
How can I minimize my tax liability when dealing with cryptocurrencies?
- 31
Are there any special tax rules for crypto investors?