What is Latency
Latency is the time delay related to the speed of sending data. In cryptocurrency, network latency is the time spent between the moment the user initiates the transaction and the moment it is verified and becomes visible on the blockchain.
There is another type of latency which is latency on the exchange. This is particularly interesting to traders because it may affect their profits. Traders carry out huge daily trading volumes with the help of bots. They need to have a latency as low as possible so that the asset price does not change between the time they hit “send” and the time their orders actually go through.