Microservice Architecture

Understand key crypto terminology tailored for Milli, simplifying complex concepts and ensuring clarity in the world of cryptocurrency and blockchain.

Microservice Architecture refers to an approach to software development where an application is built as a collection of small, independent services. Each service handles a specific function and communicates with other services through well-defined APIs.In cryptocurrency, this architecture allows for enhanced scalability and flexibility. Each component, such as user authentication, transaction processing, or wallet management, can be developed, deployed, and scaled independently. This means that improvements or updates can be made to individual services without affecting the entire system.By using Microservice Architecture, teams can adopt different technologies and programming languages for each service, depending on the needs and performance requirements. This modularity also enhances fault tolerance; if one service fails, it doesn’t compromise the entire application.Overall, Microservice Architecture promotes efficiency and faster development cycles, which are crucial in the rapidly evolving landscape of cryptocurrency technologies. It supports innovation while maintaining a robust structure, ensuring the application can grow and adapt to new challenges and opportunities.

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