A COMPLETE GUIDE TO UNDERSTAND HYBRID SMART CONTRACTS

 Hybrid smart contracts are a type of smart contract that combines the benefits of both on-chain and off-chain processing. They allow for complex logic and functionality to be executed off-chain, while still maintaining the security and immutability of on-chain smart contracts.



In a traditional smart contract, all code execution is performed on the blockchain, which can be slow and expensive. Hybrid smart contracts, on the other hand, use off-chain resources to perform complex computations and then use the blockchain to validate the results.

Oracles, which are dependable information sources that can feed the blockchain off-chain data, are used in hybrid smart contracts to do calculations. Oracles can carry out calculations and then send the findings to the blockchain for validation and smart contract execution.

One example use case for hybrid smart contracts is in decentralized finance (DeFi) applications. DeFi protocols often require complex calculations and interactions with off-chain data sources, such as market data or external APIs. By using hybrid smart contracts, these calculations can be performed off-chain, improving efficiency and reducing costs, while still maintaining the security and immutability of the blockchain.

Overall, hybrid smart contracts offer a powerful tool for building decentralized applications that require complex functionality while maintaining the benefits of blockchain security and immutability.

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