#fogo $FOGO
When you first play with DeFi, you will have the same feeling:
Why is it so slow?
Why are the fees so high?
Why does the price keep changing?
Actually, it's not that you're unlucky; these are inherent issues with on-chain transactions.
The reason is simple:
Blockchain is a distributed network.
Everyone confirms transactions together.
It's not just one server making the call.
This makes it safer, but also slower.
What about centralized exchanges?
They are just an internal system, so the speed is naturally fast.
So now many projects are trying to solve a problem:
Can we maintain the security of blockchain while achieving the speed of exchanges?
Fogo @Fogo Official is attempting this direction.
Only by deeply understanding a project can one have the courage to follow and hold!
When you first play with DeFi, you will have the same feeling:
Why is it so slow?
Why are the fees so high?
Why does the price keep changing?
Actually, it's not that you're unlucky; these are inherent issues with on-chain transactions.
The reason is simple:
Blockchain is a distributed network.
Everyone confirms transactions together.
It's not just one server making the call.
This makes it safer, but also slower.
What about centralized exchanges?
They are just an internal system, so the speed is naturally fast.
So now many projects are trying to solve a problem:
Can we maintain the security of blockchain while achieving the speed of exchanges?
Fogo @Fogo Official is attempting this direction.
Only by deeply understanding a project can one have the courage to follow and hold!