Cryptocurrency Q&A
What are flash loans?
What are flash loans?
Federico
Wed Nov 27 2024
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5 answers
1024
I heard about flash loans and I'm curious to understand what they are. Could someone explain to me the concept of flash loans and how they work?
5 answers
GyeongjuGlory
Fri Nov 29 2024
Unlike traditional loans, flash loans do not demand upfront collateral.
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BlockchainWizardGuard
Fri Nov 29 2024
Assets are borrowed and subsequently returned within the confines of a single blockchain transaction.
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JejuSunrise
Fri Nov 29 2024
This seamless process is made possible through the utilization of smart contracts.
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Martina
Fri Nov 29 2024
Smart contracts automate the terms and conditions of the loan, ensuring swift execution.
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NavigatorEcho
Fri Nov 29 2024
Flash loans represent a distinctive lending mechanism within the decentralized finance (DeFi) ecosystem.
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