The food today was deliciousss. I had candlesss for breakfassst, lunch, and dinner. snek is ssstuffed.
17 Dec 2023, 03:16
The food today was deliciousss. I had candlesss for breakfassst, lunch, and dinner. snek is ssstuffed 🐍
Same news in other sources
117 Dec 2023, 03:29
ELI5: Coinweb's Broadcaster, Reactive Smart Contracts, Blockchain Routing System and Gas Fee Abstraction.
Let's use Toby's analogy from the telco world.
When you make a phone call to someone abroad, your call will bounce different routes based on quality and price. You as a user have no clue where the call is routed, all you and the person you are calling are aware of is that the phone call works excellent. If you have a pre-paid, you just use the local currency you topped it up with to pay for the call, you don't need to hold balances of currencies from the potential routes it may take. Simple right?
Well... That isn't how the blockchain landscape has worked, until now... Coinweb enables just that. Let's say that a dApp is just looking to provide its users with the fastest, cheapest and highest quality route for transactions. Today that is almost impossible and users have to hold a separate token for the gas fee depending on the route they take.
Coinweb's Reactive Smart Contracts are scanning the conditions of the underlying chains and developers can set KPIs based on speed, cost, uptime and more. With this, our Blockchain Routing System can automatically route the transactions to the most suitable blockchain based on the KPIs.
If there is a gas fee spike or congestion on a chain, our Broadcaster can start writing down transactions to any chain we are connected to, guaranteeing the best end-user experience at the lowest cost.
Our Gas Fee Abstraction is making the UX of this Web2-like, whereby users never need to hold any of the L1/L2 native tokens for gas fees, they simply just hold the dApps own token.
ELI5: Coinweb's Broadcaster, Reactive Smart Contracts, Blockchain Routing System and Gas Fee Abstraction.
ELI5: Coinweb's Broadcaster, Reactive Smart Contracts, Blockchain Routing System and Gas Fee Abstraction.
Let's use Toby's analogy from the telco world.
When you make a phone call to someone abroad, your call will bounce different routes based on quality and price. You as a user have no clue where the call is routed, all you and the person you are calling are aware of is that the phone call works excellent. If you have a pre-paid, you just use the local currency you topped it up with to pay for the call, you don't need to hold balances of currencies from the potential routes it may take. Simple right?
Well... That isn't how the blockchain landscape has worked, until now... Coinweb enables just that. Let's say that a dApp is just looking to provide its users with the fastest, cheapest and highest quality route for transactions. Today that is almost impossible and users have to hold a separate token for the gas fee depending on the route they take.
Coinweb's Reactive Smart Contracts are scanning the conditions of the underlying chains and developers can set KPIs based on speed, cost, uptime and more. With this, our Blockchain Routing System can automatically route the transactions to the most suitable blockchain based on the KPIs.
If there is a gas fee spike or congestion on a chain, our Broadcaster can start writing down transactions to any chain we are connected to, guaranteeing the best end-user experience at the lowest cost.
Our Gas Fee Abstraction is making the UX of this Web2-like, whereby users never need to hold any of the L1/L2 native tokens for gas fees, they simply just hold the dApps own token.