Flash Loans: how to borrow a hundred million dollars (for a few seconds)

Photo by Marc Sendra Martorell on Unsplash

Whenever you want to borrow money, you need to reassure the lender that you’re going to pay them back. For example, when taking a mortgage, the house you’re buying is used as collateral: if you can’t pay back the loan, the bank can sell your house and get its money back. That’s the dreaded foreclosure process.

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Raphael Meyer

Raphael Meyer

Author, KEYS to BITCOIN: learn how Bitcoin really works https://www.amazon.com/dp/1734773324 and Twitter @RaphaTheGrey