How does Lending work in DeFi space?

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A brief guide of dApp Development service

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What is a dApp? dApps are nothing but traditional software applications mostly built on decentralized networks such as Ethereum. dApps are different from regular apps. A regular app runs on one computer and is centralized. dApps run on multiple computers and must be built with blockchain technology. It is a combination of a smart contract and an interface for the front-end user. dApp connects to the blockchain via smart contracts instead of linking with centralized data servers as traditional apps. Smart contracts are the heart of dApps, as they help automate the execution of agreements between parties. Features of a dApp Decentralized - dApps run on Ethereum, an open, decentralized platform that is accessible to everyone. Deterministic - dApps can perform the same function regardless of their executed environment. Turning complete - dApps are able to perform any action given the necessary resources. Isolated - dApps are executed within a virtual environment called Ethereum Virtual...
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Know about Smart Contract Development

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Smart contracts are self-executing contracts that run on a blockchain network. They are computer programs that automatically execute the terms of a contract when certain conditions are met, without the need for intermediaries like lawyers or banks. Smart contracts are transparent, immutable, and tamper-proof, making them ideal for use in applications like supply chain management, real estate, and financial services. Smart Contract Development involves writing the code for the contract, testing it, and deploying it on a blockchain network. Here are the basic steps for developing a smart contract: 1. Choose a blockchain platform: There are several blockchain platforms available for smart contract development, such as Ethereum, Hyperledger Fabric, and EOS. 2. Choose a programming language: Different blockchain platforms support different programming languages, so you'll need to choose a language that's compatible with the platform you're using. For example, Ethereum suppo...
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A brief guide to Smart contract development

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  How does a smart contract work? Smart contracts work based on simple "if/when .then" statements written into code on a blockchain. When pre-defined conditions are met and verified, a network of computers executes the actions. These actions include sending notifications, issuing tickets, releasing funds to appropriate parties, or registering a vehicle. When a transaction is complete, the blockchain is updated. This means that the transaction can't be modified, and only those who have been granted permission to see the results can view them. A smart contract can have as many conditions as necessary to ensure that all participants are satisfied with the outcome. Participants must agree on how transactions and data will be represented on the blockchain and determine the "if/when..then "rules that regulate those transactions. Ethereum is the most suitable blockchain platform for smart contract development. However, Stellar, Hyperledger Fabric, EOS, NEM, Solana, Car...
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