API keys come in a variety of types, including public keys, private keys, and encrypted keys — each of which serves different purposes and provides varying levels of security. 🔒 Find out the role of API for your crypto plan 👇
, and encrypted keys — each of which serves different purposes and provides varying levels of security.APIs provide a way for different applications to interact with each other in a structured and standardized manner — enabling software components to communicate and exchange information without requiring in-depth knowledge of the systems they interact with.
They typically work within the client-server model, where a client application requests data or performs an action from a server application, which then returns the requested information or confirms that the request has been completed. The API sets the rules that govern how the client and server can communicate and what kinds of actions can be performed.
The request method is a key component of all APIs — GET retrieves data from a server, whereas POST submits data to the server. Other important components include the response format , as well as the set of available endpoints that the API supports — these are URLs that link to particular actions or resources provided by the API.Representational State Transfer APIs are currently one of the best-known and most commonly used API designs.
In many cases, APIs can be accessed free of charge — but will usually be subject to heavy usage limits. Most API providers will offer one or more premium plans that offer several benefits, such as an increased maximum request quota, additional features, or higher data limits. Access is usually charged as a monthly subscription, based on usage, or sometimes a combination of both.
As a data-heavy industry, APIs have become an essential component for accessing and using blockchain data and services, and there are now hundreds of different crypto APIs available. Indeed, most blockchain explorers, exchanges, terminals, price trackers, and oracle providers offer an API — many of which have a free plan.
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