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What are the performance implications of XML as a serialization format?

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What are the performance implications of XML as a serialization format?

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Typically, you will not get optimal performance by transferring and parsing XML because using XML is memory, CPU, and network intensive. This is particularly noticeable on small devices, which are CPU and memory constrained. Consider building a custom binary serialization mechanism, using BinaryReader and BinaryWriter functionality to get better overall performance.

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