API refers to application programming interface. In the context of Monero coin cryptocurrency, the API refers to the outer implementation of the underlying algorithm of the Monero which are bought and sold over a network of front-end computer applications. The APIs could work as a platform or a gate for development of apps for the mining and the wallet of the Monero coin cryptocurrency. There remains a particular and unique address of a particular Monero coin which is stored in the distributed chain of transactions of the Monaco coin which leads it to remain dissipated and free of control from any centralized authority. For any API to work in the domain of programming of computing; it needs to be set for definitions for subroutines and protocols along with the utilities for making a software for the application to be put to use.
In the domain of Monero cryptocurrency, the API works as an outer interface so that a third party may makeup and develop the tools to access the internal functionality without going through the source code of that particular cryptocurrency. Based on the API of the Monero there exit different types of apps which have been developed which are respectively hosted over the app stores of mobile platforms such as Android and iOS. These apps have varying degrees of utilities such as front ends for mining of Monero Coin to be put to use for storing of crypto coins earned or brought from the crypto-coin exchanges spread all over the globe. As such the API offers a unique way in which third-party applications could be developed and put to use for common good. It adds another level of decentralization over the blockchain of that particular cryptocurrency and in this case for Monero coin cryptocurrency. These third-party apps different functionality and sometimes there exist multiple apps for the similar functionality having different interfaces.
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