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Matrix.org VS ExchangeRate-API

Compare Matrix.org VS ExchangeRate-API and see what are their differences

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  2. » Reviews
  3. » Alternatives

Matrix.org logo Matrix.org

Matrix is an open standard for decentralized persistent communication over IP.

ExchangeRate-API logo ExchangeRate-API

An easy to use, free & reliable Exchange Rate API trusted by tens of thousands of developers since 2010!
  • Matrix.org Landing page
    Landing page //
    2023-07-21
  • ExchangeRate-API Landing page
    Landing page //
    2020-05-18

ExchangeRate-API.com offers an easy-to-use JSON currency conversion API with unlimited free requests. The service supports all 160 major currency codes and an incredibly accessible API request format. ExchangeRate-API has been a popular option for developers to get exchange rate data since 2010!

Matrix.org

Website
matrix.org
Pricing URL
-
$ Details
Platforms
-
Edit details

ExchangeRate-API

Website
exchangerate-api.com
Pricing URL
Official ExchangeRate-API Pricing
$ Details
freemium $10.0 / Monthly (Pro)
Platforms
REST API
Edit details

Matrix.org features and specs

  • Decentralization
    Matrix.org is built on a decentralized architecture, meaning no single entity controls the entire network. This ensures greater resilience, scalability, and prevents single points of failure.
  • Interoperability
    The platform is designed to bridge communications with other networks, such as Slack, IRC, and others, facilitating seamless interaction across different services.
  • End-to-End Encryption
    Matrix.org supports end-to-end encryption, ensuring that conversations are secure and private, and only accessible to the intended recipients.
  • Open-Source
    Matrix.org is an open-source project, allowing anyone to inspect, modify, and contribute to the code base, which promotes transparency and continuous improvement.
  • Rich Communication
    The platform supports a variety of communication forms, including text, voice, video, and file sharing, making it versatile for different use cases.

Possible disadvantages of Matrix.org

  • Complex Setup
    Setting up a Matrix server can be complex and resource-intensive, requiring technical expertise which may not be accessible to all users.
  • Latency
    Due to its decentralized nature, users might experience higher latency compared to centralized messaging platforms, particularly in global communications.
  • Limited Network
    While Matrix is growing, its network is still smaller compared to mainstream alternatives, which might affect user adoption and community size.
  • Resource Intensive
    Running a Matrix server can be resource-intensive in terms of memory and CPU usage, which might demand higher infrastructure costs.
  • Learning Curve
    Users and administrators might face a steep learning curve due to the complexity of Matrix's features and configurations.

ExchangeRate-API features and specs

  • Free Trial
    100% free forever basic plan
  • Easy to Set-up and use
    Instant start & easy API request formats

Analysis of Matrix.org

Overall verdict

  • Matrix.org is considered a good platform for secure and decentralized communication.

Why this product is good

  • Matrix.org offers a decentralized communication protocol that ensures user privacy and security. It allows users to host their own servers, providing greater control over data. The platform supports end-to-end encryption, making it a reliable choice for confidential communications. Additionally, Matrix.org has a vibrant open-source community and supports interoperability, allowing communication between different platforms.

Recommended for

    Matrix.org is recommended for individuals and organizations that prioritize privacy and security in their communications. It's ideal for tech-savvy users who value open-source solutions and those who seek to avoid centralized communication platforms. Additionally, it's suitable for developers looking to build custom communication solutions using a versatile protocol.

Category Popularity

0-100% (relative to Matrix.org and ExchangeRate-API)

Matrix.org

ExchangeRate-API

Communication
100 100%
Communication
0% 0
Currency Exchange
0 0%
Currency Exchange
100% 100
Group Chat & Notifications
100 100%
Group Chat & Notifications
0% 0
APIs
0 0%
APIs
100% 100

User comments

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Reviews

These are some of the external sources and on-site user reviews we've used to compare Matrix.org and ExchangeRate-API

Matrix.org Reviews

Top 10 Team Chat Software for a Self-Hosted environment specifically designed for Large Enterprises
Matrix.org never charges. It's completely free. Its free servers are open to all for public registrations.
Source: www.troopmessenger.com

ExchangeRate-API Reviews

We have no reviews of ExchangeRate-API yet.
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Social recommendations and mentions

Based on our record, Matrix.org seems to be more popular. It has been mentiond 592 times since March 2021. We are tracking product recommendations and mentions on various public social media platforms and blogs. They can help you identify which product is more popular and what people think of it.

Matrix.org mentions (592)

  • Top 10 European Open-Source Projects to Watch in 2025
    End-to-end encryption guarantees respect for privacy rules. Discover further: MATrix Official Site. - Source: dev.to / 3 months ago
  • Ask HN: Open-source forum platform (HN style)
    NATHAN SCHNEIDER - GOVERNABLE SPACES DEMOCRATIC DESIGN FOR ONLINE LIFE Available as PDF in https://www.ucpress.edu/books/governable-spaces/paper Really full of great advice "Side" projects * https://www.loomio.com * https://matrix.org * https://opencollective.com. - Source: Hacker News / 6 months ago
  • Ergo Chat – A modern IRC server written in Go
    And if it's not, or you need something more secure, there's always Matrix. https://matrix.org. - Source: Hacker News / 6 months ago
  • US Senators implore Department of Defense to expand the use of Matrix
    No, they're talking about this Matrix: https://matrix.org/ Relevant blog post: https://matrix.org/blog/2024/12/unrelated-cybercriminal-network-taken-down/. - Source: Hacker News / 7 months ago
  • Show HN: Open-source private home security camera system (end-to-end encryption)
    Sure, just wanted to tell you about it, as this seems to be defacto standard for foss android apps, for example most if not all https://matrix.org clients use it for push notifications (when you use their de googled build, or don't have play services) available. I also use a Signal fork with UnifiedPush and have some server alert scripts which post to my self-hosted ntfy instance, and the ntfy app itself will... - Source: Hacker News / 7 months ago
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ExchangeRate-API mentions (0)

We have not tracked any mentions of ExchangeRate-API yet. Tracking of ExchangeRate-API recommendations started around Mar 2021.

What are some alternatives?

When comparing Matrix.org and ExchangeRate-API, you can also consider the following products

Element.io - Secure messaging app with strong end-to-end encryption, advanced group chat privacy settings, secure video calls for teams, encrypted communication using Matrix open network. Riot.im is now Element.

exchangeratesapi.io - Foreign exchange rates API with currency conversion.

Telegram - Telegram is a messaging app with a focus on speed and security. It’s superfast, simple and free.

Fixer.io - Fixer provides a free, simple, and lightweight API for current and historical foreign exchange rates and currency conversion. The API tracks rates published daily by the European Central Bank.

Signal - Fast, simple & secure messaging. Privacy that fits in your pocket.

Open Exchange Rates - Free, hourly-updated exchange rates - a simple, accurate, open-source JSON API. Free for personal use, a bargain for everybody else.

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