For those who are unfamiliar with API, API stands for Application Programming Interface.
An API is a piece of software that allows two applications to communicate with one another by using clearly defined codes and protocols as a neutral ground. So, in the case of this API, a program is created to allow users to get precious metals data.
APIs can be used in many applications besides websites and desktop applications. They may be used to develop apps and software for mobile devices, machines, and even embedded systems such as smart appliances or vehicles.Metals Data API is just one of the many types of APIs available.Knowing what other types of APIs exist is useful if you want to learn more about this type of API. So, let’s start learning about the other three main types of APIs today.Metals Data API in JSON FormatAPI calls and responses are usually in JSON format because it is the easiest format for developers to create software for.The JSON format is a programming language designed to communicate data between applications in a clear and concise manner.JSON format is frequently used in REST APIs since it helps developers simplify the data exchange process between software applications.In addition to being one of the most popular types of APIs.Metals Data API in XML FormatThe XML format is another common type of API since it is a text-based platform that offers a solid structure for data exchange. Like JSON, XML is also a language that can be used to create application protocols in a machine-readable format.XML has its own markup language that allows you to define structures and elements that describe your data. This markup language helps you organize your data and instructs the parser how to process it so that your data will be exchanged correctly between different platforms.It’s important to note that although JSON and XML are both used by several APIs, they serve very different purposes and are not mutually exclusive. If you’re looking for an API that uses one of these formats, you should look into an API that suits your needs best before making your decision.Metals Data API in YAML FormatYAML stands for Yet Another Markup Language, yet it differs from the aforementioned formats by providing a level of abstraction from programming languages like XML or JSON.YAML allows you to store large data sets as well as keep track of meta-data about your data sets without having to write program code. Like XML, YAML is also an application markup language that describes what
The API is capable of delivering real-time precious metals rate data.