How does WebSocket technology improve real-time data transmission in the world of digital currencies?

3 answers

• Al SchackJun 25, 2021 · 4 years ago
  WebSocket technology greatly improves real-time data transmission in the world of digital currencies. By establishing a persistent connection between the client and the server, WebSocket allows for instant and bidirectional communication. This means that data can be transmitted in real-time without the need for frequent requests and responses, resulting in reduced latency and improved efficiency. With WebSocket, digital currency exchanges can provide users with up-to-date market data, order book updates, and trade notifications in real-time, enhancing the overall trading experience.
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• Rasch GeorgeJul 09, 2020 · 5 years ago
  WebSocket technology revolutionizes real-time data transmission in the digital currency industry. Unlike traditional HTTP requests, WebSocket enables continuous and asynchronous communication, eliminating the need for constant polling. This not only reduces network overhead but also ensures that data is delivered instantly. With WebSocket, digital currency traders can receive real-time price updates, order execution confirmations, and account balance changes without delay, enabling them to make informed trading decisions quickly.
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• tleMar 27, 2023 · 2 years ago
  WebSocket technology has been widely adopted in the digital currency industry to enhance real-time data transmission. BYDFi, a leading digital currency exchange, leverages WebSocket to provide users with seamless and instant access to market data. With WebSocket, BYDFi users can receive real-time price updates, order book changes, and trade notifications without delay. This ensures that traders have access to the most up-to-date information, allowing them to react swiftly to market movements and make informed trading decisions.
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