There is a tax on every De-fi interaction that nobody really ever talks about, because we've all gotten too used to it over the years. This tax isn't about gas fees; it's the time you have to wait between the moment you want something to happen and the moment it actually does. Waiting makes you shift your thoughts from what you want to happen, to how you want it to happen.
You know what I'm talking about: it's the popup and the spinner in your wallet, or just things not working. It’s become so normal, so ubiquitous, that I bet you don't even notice it anymore. Fogo fixed this-or rather, it doesn't have it.
When things happen fast, or as in Fogo's case in 40 milliseconds, the entire way in which you interact with De-fi becomes different; it's not a more efficient way of doing the same thing, but a different experience where the tech you're using isn't visible and your mind can stay in a 'what do I want to do?' mindset.
Fogo's solution to the bottleneck was Firedancer. Built by Jump Crypto, it's totally different from prior solutions because its creators designed it from the ground up specifically to take full advantage of what the hardware is capable of, to push data at maximum velocity through the computer. As a result, the transaction can be finalized and you will know it's done, at the speed of light-and even as the network gets clogged with activity, there is no increase in fees since the Firedancer system is already able to maintain that speed, regardless of demand.
As a result of this breakthrough, traders interacting on the blockchain will operate differently. Since speed dictates the competitive nature of the market-getting information and responding to it faster than another user-this changes trading from a battle of intellect and algorithms, to an approach favoring proximity to the action, and the speed at which you can react.
Fogo has another breakthrough tool called Session Keys, where a De-fi app can make transactions on your behalf without gaining direct ownership over your funds and without stopping what you're doing to confirm every single interaction with your wallet. This actually increases security by allowing you to concentrate on what you want to achieve, instead of getting caught up in confirmation prompts, which in many cases leads to less human error.
Confirmation on the blockchain had a necessary place when gas prices were outrageously high and transactions were taking hours. In a world of 40ms transaction finality, this constant need for approval becomes more of a distraction than a tool.
Session Keys are designed to give you complete control, not diminish it, and allow you to execute quickly. For high-volume traders who are constantly interacting with various protocols, this is a game-changer because it shifts interaction from having to use tools, to using a workflow.
@Fogo Official #fogo #Fogo $FOGO
