It also offers users a variety of tools that enable them to track and compare the values of specific cryptocurrencies and keep up with the latest trends in the cryptocurrency world.
The API is designed to work with the GET format, which means that all functions are available to be called through GET requests. In order to make API calls, a developer must authenticate their API key.
The API offers both historical and real-time data. With this API, users can get real-time data on more than 650 cryptocurrencies, as well as historical data on up to 15 years!
This API offers a variety of data points, including cryptocurrency exchange rates, market cap and volume data, rank changes, and more! Also, this API works with all types of data, so you can use it with any programming language.
Overall, this API offers everything that you need for developing your crypto project! If you want to learn more, read our Crypto Data API review.
What exactly is an API?
An API is an application program interface that enables two different software systems to communicate with one another to exchange data or request services.
What is cryptocurrency and how does it work?
A standard currency like the dollar relies on a central entity like a bank or government to verify transactions. Cryptocurrencies like bitcoin do not rely on this centralized authority for transactions to be verified.
Because it is decentralized and utilizes a blockchain network of “nodes” instead of a centralized institution like a bank or government, bitcoin has no issuing authority and is not linked to any other currency.
The idea of digital money was first proposed in 1982 by Stuart Haber and W. Scott Stornetta. The idea was birthed after these two cryptographers wrote an article about how such a system could work and improve upon existing systems.
A Brief History of Cryptocurrency
The first cryptocurrency was Bitcoin (BTC). Bitcoin was created by Satoshi Nakamoto in 2009 as an electronic payment system based on mathematical proof. The idea was that people could exchange electronic money without needing a bank or government to verify the transaction.
Nakamoto solved the double-spending problem of electronic money by utilizing a distributed timestamp server to record transactions in bitcoins and prevent them from being double spent.
Bitcoin has been extremely popular since its creation, leading to the development of hundreds of other
This API will retrieve the latest rates for the top 100 cryptocurrencies on the market.
To make use of it, you must first:
1- Go to Crypto Live Prices API and simply click on the button “Subscribe for free” to start using the API.
2- After signing up in Zyla API Hub, you’ll be given your personal API key. Using this one-of-a-kind combination of numbers and letters, you’ll be able to use, connect, and manage APIs!
3- Employ the different API endpoints depending on what you are looking for.
4- Once you meet your needed endpoint, make the API call by pressing the button “run” and see the results on your screen.