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Yunus Loop Defi. - Investment - Nairaland

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Yunus Loop Defi. by Mewhizzp(m): 1:57pm On Oct 27, 2023
Hello.
Let me introduce you to Yunus loop deFi Yunus Loop is a DeFi (Decentralized Finance) platform. DeFi is a decentralized financial system and works with blockchain technology. Yunus Loop provides an environment to carry out various financial transactions using cryptocurrencies.

On Yunus Loop, users can lend, borrow, exchange and earn returns on cryptocurrencies. The platform allows users to earn interest on lending transactions and therefore offers the opportunity to generate passive income for savers.

Additionally, liquidity providers on Yunus Loop provide liquidity for the execution of cryptocurrency transactions, thus enabling users to trade quickly and safely.

Yunus Loop's aim is to make financial transactions more accessible, transparent and secure. If you would like to explore Yunus Loop in more detail, you can visit the official website.
Re: Yunus Loop Defi. by Mewhizzp(m): 1:58pm On Oct 27, 2023
Smart contract technology is code-based contracts built on blockchain or distributed ledger technologies. These contracts enable transparent, secure and decentralized transactions that can be executed automatically. Their operation usually includes the following steps:

1. Contract creation: Interested parties determine the smart contract code of the contract using a tool.

2. Determination of conditions: Details such as conditions in the contract, transaction conditions, processes and security measures are defined.

3. Coding: The specified conditions are written as smart contract code using programming languages ​​(usually such as Solidity).

4. Distribution and execution: The smart contract code is distributed on the blockchain and executed by all nodes in the network.

5. Automatic execution: Once the conditions in the contract are properly fulfilled, predetermined actions (for example, making a payment or transferring assets) are carried out automatically.

6. Security and transparency: Smart contracts are secure and transparent because they have a decentralized structure. Transactions are recorded and can be viewed by anyone.

This process explains the basic functioning of smart contract technology. However, each blockchain platform and smart contract implementation may be different. It is recommended to examine relevant platforms and resources for detailed information and application examples.
Re: Yunus Loop Defi. by obyikye(f): 2:04pm On Nov 07, 2023
Mention me on a dead thread, alot to be discussed..
Mewhizzp:
Smart contract technology is code-based contracts built on blockchain or distributed ledger technologies. These contracts enable transparent, secure and decentralized transactions that can be executed automatically. Their operation usually includes the following steps:

1. Contract creation: Interested parties determine the smart contract code of the contract using a tool.

2. Determination of conditions: Details such as conditions in the contract, transaction conditions, processes and security measures are defined.

3. Coding: The specified conditions are written as smart contract code using programming languages ​​(usually such as Solidity).

4. Distribution and execution: The smart contract code is distributed on the blockchain and executed by all nodes in the network.

5. Automatic execution: Once the conditions in the contract are properly fulfilled, predetermined actions (for example, making a payment or transferring assets) are carried out automatically.

6. Security and transparency: Smart contracts are secure and transparent because they have a decentralized structure. Transactions are recorded and can be viewed by anyone.

This process explains the basic functioning of smart contract technology. However, each blockchain platform and smart contract implementation may be different. It is recommended to examine relevant platforms and resources for detailed information and application examples.

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