Publicera
Jia Lilly
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Baisse (björn)I tried out a market-neutral trading on Fogo for three weeks. This experience completely changed my idea of what it means to be on a blockchain.
With Fogo blocks are confirmed in 40 milliseconds. This means that problems with people trying to use the blockchain at the same time almost disappear.
This is not because nobody is using it. Because things are happening so fast that there is no time for a line to form. The old way of frontrunning, where someone jumps in front of your transaction becomes impossible. You cannot interfere with something that's too fast to catch.
The Session key mechanism is really the underrated new idea here. Allowing an app to make transactions within limits for a set amount of time does not sound like a big deal until you have made 40 transactions without having to stop and confirm each one. That is when using Decentralized Finance starts to feel normal.
The community, around Fogo is still small.. The underlying structure is strong.
Fogo is not asking if a blockchain can feel like a Centralized Exchange. It has already shown that it can. The harder question is whether the market needs something this. That question is still open.
Most blockchains talk about Transactions Per Second. Fogo made me forget that Transactions Per Second even exists.
@Fogo Official $FOGO #Fogo #fogo
With Fogo blocks are confirmed in 40 milliseconds. This means that problems with people trying to use the blockchain at the same time almost disappear.
This is not because nobody is using it. Because things are happening so fast that there is no time for a line to form. The old way of frontrunning, where someone jumps in front of your transaction becomes impossible. You cannot interfere with something that's too fast to catch.
The Session key mechanism is really the underrated new idea here. Allowing an app to make transactions within limits for a set amount of time does not sound like a big deal until you have made 40 transactions without having to stop and confirm each one. That is when using Decentralized Finance starts to feel normal.
The community, around Fogo is still small.. The underlying structure is strong.
Fogo is not asking if a blockchain can feel like a Centralized Exchange. It has already shown that it can. The harder question is whether the market needs something this. That question is still open.
Most blockchains talk about Transactions Per Second. Fogo made me forget that Transactions Per Second even exists.
@Fogo Official $FOGO #Fogo #fogo
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