'Why Composability Matters For Web3' web3 oct_network
Smart contracts are public on Ethereum and can be thought of as open APIs. You don't need to write your own smart contract to become a dapp developer, you just need to know how to interact with them. For example, you can use the existing smart contracts of Uniswap, a decentralized exchange, to handle all the token swap logic in your app – you don't need to start from scratch.
Atomic composability—a combination of atomicity and composability—is, therefore, the idea that a single transaction can involve calls to different smart contracts. The failure of one part of the transaction causes the transaction to fail: the transaction either succeeds together or fails together. The idea of a flash loan is simple: you borrow and pay back a loan within a single transaction. Flash loans operate on atomic principles, meaning lenders will get their money back if the transaction fails. This paves the way for uncollateralized loans since borrowers cannot default on repayments.Atomic composability means a flash loan can involve different activities executed across different platforms .
Yearn is an example of a popular AMM among DeFi enthusiasts. The Yearn AMM can automatically scan different DeFi platforms and move your tokens to where you'll gain the most profit .1. It can access data about token prices on different DeFi platforms. If each platform protected platform data, the Yearn algorithm wouldn’t be able to compare token prices.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
A Decentralized Layer for Web3 Gaming | HackerNoonHow the Internet Computer promises to serve as a decentralized, scalable layer for Web3 and blockchain-based gaming.
Baca lebih lajut »
California Governor Newsom Signs Executive Order on Crypto, Blockchain, and Web3 – Regulation Bitcoin NewsCalifornia’s governor has signed an executive order on crypto and blockchain to create a comprehensive framework for web3 tech to thrive. cryptocurrency bitcoin $BTC
Baca lebih lajut »
Blockacchaino: Starbucks to Release NFTs That Unlock Exclusive Perks — and Embrace Web3 | CoinMarketCapBlockacchaino? ☕️ NF (cup of) T? 🫖 Starbucks is going to release NFTs that unlock access to exclusive perks 🚀 The coffee chain has also confirmed it plans to build an immersive Web3 experience 🥰
Baca lebih lajut »
Nifty News: Louis Vuitton and Johnnie Walker dabble in Web3Louis Vuitton and Johnnie Walker explore the crypto space, and one company deletes its entire tweet history. But wait, there's even more in this edition of the Nifty News.
Baca lebih lajut »
Select Gucci stores to accept bitcoin, dogecoin and more as part of ongoing experiments in web3Luxury brand Gucci will begin accepting crypto payments in select stores across the US later this month.
Baca lebih lajut »
A Decentralized Layer for Web3 Gaming | HackerNoonHow the Internet Computer promises to serve as a decentralized, scalable layer for Web3 and blockchain-based gaming.
Baca lebih lajut »