All You Need to Know about DeFi and Flash Loans (Explained)
Update: 2020-07-06
Description
The world of cryptocurrency and Blockchain is a fast-paced world where thousands of transactions can happen in minutes or even seconds. However, sometimes this speed can become a liability.
A flash loan, as the name suggests are loans that have to be paid back in a flash (read: within one blockchain transaction) without any collateral. However, with the recent bZx attacks, they have become a bone of contention in the DeFi space.
Catch Nitika and Ish Goel break down Flash loans in the DeFi space and the complex attack scenarios in the most simple manner.
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