I'm wondering about the term 'flash' in the context of cryptocurrency. What does it signify or represent in this domain?
5 answers
WhisperWindLight
Wed Dec 25 2024
Unlike traditional loans, flash loans do not demand upfront collateral.
CryptoMercenary
Wed Dec 25 2024
Assets are borrowed and promptly returned within a single blockchain transaction.
Chiara
Wed Dec 25 2024
The entire process is seamlessly facilitated by intelligent smart contracts.
henry_rose_scientist
Wed Dec 25 2024
This feature sets flash loans apart in the broader financial landscape.
charlotte_clark_doctor
Wed Dec 25 2024
Flash loans represent a distinctive lending mechanism within the decentralized finance (DeFi) ecosystem.