My First Trade on Fogo Mainnet: The Things that surprised me most about the Speed
I have not been lying: I entered my first trade on Fogo Mainnet with very low expectations. I was used to waiting after a few years of fiddling with a slow blockchain transaction, seeing spinning loaders and looking at pages hoping my swap would indeed go through and that it was no longer pending. But Fogo? It totally disappointed the expectations. It was Saturday morning, and I had finally chosen to test out Fogo Mainnet following murmurs about the product in other crypto communities. I had a few of these things in my wallet, and I decided--why not try this? I am by no means a whale, I simply like to test new protocols.
I hooked up my wallet, entered the trading interface and chose an easy token swap. Nothing fancy. Only a simple exchange to get to know what it was all about. And this is where my mouth fell open. I pressed the button of confirming trade and got myself ready to follow the habitual routine: wait 30 seconds, perhaps have a coffee, check my phone, refresh the page a few times. You know the drill. The purchase was confirmed within less than 2 seconds. I even believed that something had broken. The thought of the first thing that came to mind was to see whether there was a failure of the transaction. Nope it was complete. Tokens swapped. Done. Just like that. What was So Shocking about the Speed. The pace was not only fast abstractly. It revolutionized the experience of trading. I would like to dissect the things that surprised me the most: I had formed the habit in other stores of starting a transaction and, instead, doing something else: checking Twitter, reading an article, making a sandwich. The time lag was such that it would make my brain change the focus altogether. In Fogo the trade was so rapid, that I remained in the stream. No context switching. No "wait, what was I doing again?" moment. It was seamless. This one's huge. Transactions will take between 30-60 seconds (or longer in times of congestion) so the price you will see when you click swap may not be the one you receive. Slippage turns out to be this anxiousness. Fogo comes the way he talks and there is nothing like it. The price hardly gets time between assent and execution. That psychological change; of being nervous about wishing to be sure about what to execute turned trading into a totally different experience. I am the kind of person who tends to make plans before making trades since the psychological burden of having several outstanding deals is overwhelming. I would automatically do several smaller trades with Fogo, where I would test several strategies, and all the trades would be solved almost immediately.
Once the initial shock had died I plunged into the comprehension of how this was possible. Fogo Mainnet also takes advantage of certain ingenious architectural choices: There is optimized consensus mechanism that does not compromise security in favour of speed. Parallel processing of transactions and not sequential bottlenecks. State management that is efficient in terms of computation. I am not a blockchain developer, but as a user, you can also experience how well-thought engineering, in this case, can make a difference. Another thing I did not expect is that quick-trading helped me to enjoy trading once more. I had begun to fear making swaps in the last few years. The waiting, the friction, the uncertainty, it all added to this low grade stress which made DeFi a chore, but not exciting. The initial trade on Fogo was a reminder that I became interested in crypto in the first place. The technology was once more the magic. Not with the hand-wavy meaning, but with the wow, this is truly superior to whatever preceded it. Speed is everything to a greater deal than most people would think. It is not merely a matter of saving some seconds but: Less anxiety in making time-sensitive trade. Lower prices because of the low slip. Less experimentation since the friction is reduced. More trust in the reliability of the platform. To a novice in the crypto world, the pace of Fogo may be the difference between thinking that this blockchain stuff is cumbersome and irritating, and thinking that this is, in fact, working.
However, at this point, allow me to state that speed is not everything. Security, decentralization, ecosystem maturity, all of this is of utmost importance. A single quick turn of trade does not say it all.
I have since made dozens more trades on fogo and the speed has been the same. No fluke. No honeymoon period of things slacking after initial hype. Reliable Fast transactions.
The initial trade I did on Fogo Mainnet was meant to be a a look-see an attempt to find out what this is all about. Instead, it turned out to be one of those exceptional occasions when technology outdoes your expectations to such a point that it changes your perception. This was not only at a fast pace but a speed that changed what I believed would be possible in DeFi. It established a new standard of expectation of blockchain platforms on my part. Since at times, the only way to comprehend the importance of speed is to experience the difference. @Fogo Official #Fogo $FOGO