Timing and delays

millis() and micros() return the number of milliseconds and microseconds elapsed after reset, respectively.

delay(ms) pauses the sketch for a given number of milliseconds and allows WiFi and TCP/IP tasks to run. delayMicroseconds(us) pauses for a given number of microseconds.

Remember that there is a lot of code that needs to run on the chip besides the sketch when WiFi is connected. WiFi and TCP/IP libraries get a chance to handle any pending events each time the loop() function completes, OR when delay is called. If you have a loop somewhere in your sketch that takes a lot of time (>50ms) without calling delay, you might consider adding a call to delay function to keep the WiFi stack running smoothly.

There is also a yield() function which is equivalent to delay(0). ThedelayMicroseconds function, on the other hand, does not yield to other tasks, so using it for delays more than 20 milliseconds is not recommended.

Source: Reference · ESP8266 Arduino Core