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What is latency?

In general terms latency is a measure of the delay that occurs between the start of a transaction and its completion. In gaming for example, latency is the delay between clicking a mouse button, and ...
You’re watching a major soccer final, live streamed to your main screen, when your neighbors cheer for a goal 40 seconds before you see it. This is the classic, borderline cliched conundrum, routinely ...