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RE: LeoThread 2024-02-12 19:18

in LeoFinance • 10 months ago (edited)

1/🧵 Exploring the essentials of blockchain! Unlike traditional banks, blockchain operates on a decentralized network, ensuring transparency and security. Each transaction is immutable, fostering trust. #outreach #threadstorm

10 months ago in LeoFinance by
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     10 months ago  

    2/ 🧵 Let's talk about bridges! Imagine two islands with unique currencies connected by a bridge. Similarly, blockchain bridges facilitate interoperability between different blockchain networks, allowing seamless asset and data transfer.

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       10 months ago  

      3/ 🧵 Now, introducing oracles! Like consulting a weather oracle for reliable forecasts, blockchain oracles provide external data to smart contracts. They bridge the gap between blockchain and real-world information, enabling automated actions based on real-time data.

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         10 months ago  

        4/ 🧵 The intersection of oracles, bridges, and blockchains creates a robust decentralized ecosystem. Oracles supply external data to smart contracts, bridges enable interoperability, and blockchains serve as the foundation. Embracing a new era of secure and transparent transactions!

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