Within systems architecture for crypto platforms, Process APIs are Application Programming Interfaces designed to encapsulate and expose specific business operations or workflows. These APIs act as intermediaries, orchestrating sequences of interactions between various underlying system components to complete a defined task. For crypto institutional options trading or smart trading, they facilitate complex operations like trade execution, order book management, or ledger updates. Their purpose is to modularize business logic and promote reusability across applications.
Mechanism
Process APIs operate by receiving requests for a specific business function, then coordinating calls to multiple System APIs or other Process APIs to achieve the desired outcome. For example, a “place trade” Process API might call a System API to verify user balance, another to interact with a smart contract for trade settlement, and a third to update a user’s portfolio. This mechanism ensures consistent execution of business rules, manages transactional integrity, and simplifies the integration of complex operational flows.
Methodology
The methodology for designing Process APIs focuses on defining clear business capabilities and streamlining operational workflows. It involves analyzing existing business processes, identifying logical steps that can be encapsulated as distinct API endpoints, and designing robust error handling and transaction management. API design principles prioritize atomicity, consistency, isolation, and durability (ACID) where applicable, especially for critical crypto transactions. This structured approach ensures that business logic is consistently applied, scalable, and adaptable to evolving market requirements and regulatory changes.
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