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About Web3's Automation Protocol: The Infrastructure For Automated Smart Contract Executions
This document introduces the Gelato Network, which aims to provide a decentralized network of "bots" or "executors" that can automatically execute transactions on smart contracts according to predefined conditions. This helps address limitations of smart contracts, which currently require manual transactions to execute their logic. The network aims to make smart contract automation more reliable and available to smaller projects by distributing the responsibility of transaction execution across multiple independent bots. It discusses how existing systems like MakerDAO rely on centralized bot operators, and how Gelato Network could provide a more decentralized solution to power automated smart contract services.
Detailed Information
| Author: | ['Gs Pavan Kumar'] |
|---|---|
| Publication Year: | 2021 |
| Pages: | 19 |
| Language: | English |
| Format: | |
| Price: | FREE |
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