Intro to FinTech

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Microservices

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Intro to FinTech

Definition

Microservices are an architectural style that structures an application as a collection of loosely coupled services, each responsible for a specific business function. This approach allows for greater flexibility and scalability, as each microservice can be developed, deployed, and maintained independently, making it easier to implement changes without affecting the entire system.

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5 Must Know Facts For Your Next Test

  1. Microservices allow teams to develop and deploy services independently, which can lead to faster release cycles and improved agility.
  2. Each microservice can use different programming languages, databases, or tools based on what best fits its specific requirements.
  3. Microservices enhance fault isolation; if one service fails, it doesn't necessarily bring down the entire application.
  4. This architecture supports continuous delivery and DevOps practices by enabling smaller, incremental updates rather than large-scale changes.
  5. Microservices are commonly used in cloud-native applications, as they align well with cloud computing's scalability and flexibility.

Review Questions

  • How do microservices enhance flexibility in application development compared to traditional monolithic architectures?
    • Microservices enhance flexibility by allowing developers to work on individual components of an application without impacting others. In contrast, monolithic architectures require changes to be made across the entire codebase, which can be time-consuming and risky. With microservices, teams can adopt different technologies or programming languages for different services based on their needs, leading to more efficient and tailored solutions.
  • Discuss the role of APIs in facilitating communication between microservices within an application.
    • APIs play a crucial role in microservices architecture by serving as the primary means of communication between the various services. Each microservice exposes a set of APIs that other services can call to interact with it. This decouples the services from one another, allowing them to evolve independently while still being able to share data and functionality. API gateways can further streamline this interaction by managing requests and providing a single entry point.
  • Evaluate the impact of microservices on modern software development practices and their alignment with Agile methodologies.
    • Microservices significantly impact modern software development by fostering a culture of agility and collaboration. They align well with Agile methodologies as they allow for smaller, incremental releases that can be tested and deployed quickly. Teams can work simultaneously on different microservices, improving efficiency and reducing time-to-market. This approach also encourages continuous integration and continuous deployment (CI/CD) practices, enhancing overall responsiveness to changing business needs and customer demands.
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