What is API in blockchain?

Answer:

Within the blockchain industry, this is an abbreviation for Application Programming Interface. It allows users to interact with data in an application or service, making it easier to sell cryptocurrency exchanges.


API stands for Application Programming Interface. In the context of blockchain technology, an API refers to a set of protocols, tools, and standards that enable different blockchain-based applications to communicate and interact with each other.

An API in blockchain typically provides a set of functions and methods that allow developers to access blockchain data, such as transaction history, current balance, and smart contract information. This data can be used to build new blockchain-based applications or integrate blockchain technology into existing applications.

APIs are essential for blockchain interoperability, allowing developers to create decentralized applications (dApps) that can interact with multiple blockchains. This means that a dApp built on one blockchain can communicate and exchange data with a dApp built on another blockchain, providing greater flexibility and scalability for blockchain-based applications.

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