Implement caching functionality for RESTful API's

Summary

Implement caching of API responses to

Explain your context

Development and Usage of RESTful API's in Backend

What is the current behavior?

Currently API requests are called independent of whether the same request has been submitted, thus potentially exceeding rate limits and affecting performance

What is the expected behavior? What is the goal of adding the feature?

Response data shall be stored in some kind of cache. If a request with the same parameters has been submitted earlier and no change in the response is to be expected, then it shall be rerouted to a mere cache query.

This could lead to rate limit / performance issues