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FAQs
What is ETL?
ETL, an acronym for Extract, Transform, Load, is a vital data integration process. It involves extracting data from diverse sources, transforming it into a usable format, and loading it into a database, data warehouse or data lake. This process enables meaningful data analysis, enhancing business intelligence.
Convex is a server less infrastructure company that has built the worldwide state management platform for web developers. Our mission is to basically change how software is formed on the Internet and who gets to form it. We aim to empower teams, large or small, to build fast, reliable, and dependable dynamic systems at scale. Convex has a great vision for the future so that developers can focus on building application code and leverage that remove the need for thinking about storage, execution, sync, queuing, or workflow.
Convex.dev's API provides access to a wide range of data related to the cryptocurrency market. The following are the categories of data that can be accessed through the API:
1. Market data: This includes real-time and historical data on cryptocurrency prices, trading volumes, market capitalization, and other market indicators.
2. Blockchain data: This includes data on transactions, blocks, and addresses on various blockchain networks.
3. Exchange data: This includes data on trading pairs, order books, and trading volumes on various cryptocurrency exchanges.
4. News data: This includes real-time news articles and updates related to the cryptocurrency market.
5. Social media data: This includes data on social media sentiment and activity related to various cryptocurrencies.
6. Technical analysis data: This includes data on technical indicators, chart patterns, and other technical analysis tools used by traders.
7. Fundamental analysis data: This includes data on the underlying fundamentals of various cryptocurrencies, such as their technology, adoption, and use cases.
Overall, Convex.dev's API provides a comprehensive set of data that can be used by traders, investors, and researchers to gain insights into the cryptocurrency market.
What is ELT?
ELT, standing for Extract, Load, Transform, is a modern take on the traditional ETL data integration process. In ELT, data is first extracted from various sources, loaded directly into a data warehouse, and then transformed. This approach enhances data processing speed, analytical flexibility and autonomy.
Difference between ETL and ELT?
ETL and ELT are critical data integration strategies with key differences. ETL (Extract, Transform, Load) transforms data before loading, ideal for structured data. In contrast, ELT (Extract, Load, Transform) loads data before transformation, perfect for processing large, diverse data sets in modern data warehouses. ELT is becoming the new standard as it offers a lot more flexibility and autonomy to data analysts.
What should you do next?
Hope you enjoyed the reading. Here are the 3 ways we can help you in your data journey:
