Disruptive Financial Innovation on Ethernet - Lightning Loans
Blockchain has always claimed to transform the financial industry, but often what it does is simply move the traditional financial industry to the chain, but recently a new type of lending smart contract burst into flames - "flash loan (flash loan)"
Every transaction is done at 0 cost and instantly, that is to say, in a single Ether block. Doesn't that sound amazing!
What does the Lightning Loan do?
Most of the flash loans you see today are being used for arbitrage trading. For example, borrowing a sum of money to buy coins from one exchange, going to another to sell them at a higher selling price, paying back the loan, and the rest is a 0 cost arbitrage gain.
Is that all? The emergence of lightning loans means that everyone can control billions of capital at 0 cost through blockchain, and everyone is a capitalist! What kind of disruptive applications will be born in the future based on Lightning Loan? I don't know, but for sure, it will be beyond everyone's imagination!
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