Roronoa Zorro

@roronoazorro

133 Following

100 Followers

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Very atmospheric

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Have a nice weekend

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可以推动自己有更高效率，但一定不要过于急于求成

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Web3 Learning Today: The principle of the automatic gas optimization mechanism Automatic Gas Estimation: The system calculates a reasonable gas limit based on the current blockchain network load, the complexity of the transaction, and the gas cap of the target block. This way, users don’t need to manually set gas fees—the system adjusts the gas allocation to fit the network conditions. Smart Contract Optimization: When executing complex smart contracts, the system considers the contract’s logic, resource consumption, and past execution data to adjust gas usage. This helps avoid transactions being too costly or failing due to insufficient gas. Avoiding Excessive Fees: With automatic gas optimization, users are protected from huge fee spikes during network congestion. It ensures fees are more reasonable, even in busy times.

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Is this pose tiring?

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是的，做好手头上的事，不焦虑

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A few people🤣

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Looks very good

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The Tao Te Ching is one of the largest publications in the world

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Today's Web3 Learning: What is the Automatic Gas Optimization Mechanism? It means that in the process of blockchain transactions, the system can automatically adjust and optimize the use of gas according to the current state of the network and the complexity of the transaction, so as to improve the transaction efficiency and reduce the cost. This mechanism is mainly applied to Ethereum and other blockchains that support smart contracts, especially when transaction fees (gas fees) fluctuate greatly. This mechanism has important applications in platforms such as Ethereum, Polkadot, etc., and helps to improve the usability of blockchain applications, especially when the network is congested.

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Security: Once a smart contract is deployed on the blockchain, its code cannot be modified, preventing malicious tampering. The decentralized nature of blockchain also means that there is no single point of attack, and it is very difficult for attackers to tamper with data that has already been confirmed.

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Why are smart contracts important? The importance of smart contracts is mainly reflected in the following aspects: Decentralization, disintermediation: Smart contracts do not rely on any intermediaries (such as banks, lawyers, governments, etc.) to execute the contract content. It is completely controlled by the code, and once the rules are set, the contract is automatically executed. In this way, not only do you save on intermediary fees, but you also avoid human error. Automated Execution: Once the conditions are met, the smart contract is executed automatically without any human intervention. This makes execution faster and reduces processing time and costs. Transparent & Trustworthy: Smart contracts are blockchain-based, so all execution is public, and anyone can view the content and execution of the contract. This makes the entire contract process more transparent and cannot be tampered with, ensuring the trustworthiness of the data

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Example 2: Insurance claims Let's say you purchase a weather-based smart contract insurance policy that: If there is more than 50 mm of rainfall in a certain place, the insurance company will pay the claim amount of 1,000 yuan. The smart contract automatically fetches rainfall information from weather data sources, and once the conditions are met, the insurance company automatically pays out. How it works: Data triggering: Smart contracts automatically obtain weather data by connecting to external data sources, such as weather APIs. Automatic payout: When the rainfall exceeds 50 mm, the smart contract will automatically perform the payment operation, and the payout amount will go directly to the insured person's account.

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【Take a chestnut】 Example 1: Rental contract Let's say you sign a rental contract with your landlord through a smart contract: The lease period is 3 months, and the rent is 1000 yuan per month. The rules of the smart contract are: after the tenant pays the rent, the landlord provides the house key, and the contract is valid; If the tenant fails to pay the rent on time, the contract is automatically terminated. When a tenant deposits $1,000 into the smart contract, the smart contract will automatically confirm the payment. Once the payment is made, the smart contract automatically sends the tenant the key to the house and the lease period begins. If the tenant does not pay on time, the smart contract automatically notifies the landlord to terminate the contract, and the tenant's payment amount is refunded. With smart contracts, all of these processes are performed automatically, avoiding human intervention and disputes.

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What is a smart contract? 】 A smart contract is a self-executing computer program that runs on a blockchain and automatically enforces the terms of the contract according to predetermined rules, without the intervention of a third party. In other words, a smart contract is like an automated "contract bot" that automatically completes tasks such as transfers, asset exchanges, and other operations when certain conditions are met.

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Mysterious smart contracts in Web3 Imagine that you have a simple agreement with your friends. You lend a friend $100 and agree on a repayment date. If your friend doesn't pay on time, you'll take action as agreed upon (e.g. interest or recovery). In this case, a bank or lawyer may step in to ensure that the agreement can be executed smoothly. In a traditional contract, the terms of the contract are agreed upon by both parties, and a third party, such as a bank or lawyer, helps to monitor and ensure that both parties are complying with the agreement. If one of the parties defaults, the third party takes action.

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Why Consensus Mechanisms Matter: In traditional centralized systems, such as banks, all transactions are verified and recorded by banks or other centralized institutions. But in blockchain, there is no single agency to do these jobs. All nodes need to participate together to ensure the validity of transactions by reaching consensus. Why Consensus Mechanisms Matter: 1. Security: It ensures that the data on the blockchain is not easy to be tampered with, and any attempt to modify the data will be discovered and rejected by the entire network. 2. Decentralization: Removes the reliance on a single intermediary and ensures that no single entity can control or tamper with data. 3. Data consistency: Through the consensus mechanism, all nodes in the blockchain network can ensure that the data recorded by themselves is consistent with other nodes to avoid disagreements.

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Mint BTC and USD

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Looks appetizing

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