Onchain automation refers to the execution of predefined tasks and processes directly on a blockchain network without human intervention. This capability is achieved through smart contracts, which automatically execute code when specific conditions are met. It enables decentralized applications to operate autonomously and consistently. Such automation reduces operational costs and enhances transparency in digital systems.
Context
The advancement of onchain automation is a central theme in the development of decentralized finance (DeFi) and other blockchain applications. Debates often address the security implications of autonomous contracts and the need for robust oracle services. Observing new protocols that leverage sophisticated onchain automation provides insights into the expanding capabilities of decentralized ecosystems.
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