Flash Loan Attacks On The Blockchain

Utsav Jaiswal is joined by Sam Kim, Founding Partner at Umbrella Network, and Miguel Morales, Technical Advisor to Umbrella Network, to talk about flash loans on the blockchain. They discuss how flash loan attacks happen, the implications of flash loan attacks on the finance market, and the relationship with the blockchain. 🔦

On this episode of The HackerNoon Podcast, Utsav talks to Sam and Miguel talk flash loans:

• What is a flash loan attack? 💥 (02:37)
• Is there a world where the communications can be streamlined that ensures pricing is always fair? 💰 (06:53)
• Do I need to be a programmer to take out a flash loan? 🧑‍💻 (10:11)
• What happens when people like Elon Musk tweet about certain coins? Also, what the hell is a Floki? 🐥 (18:24)
• Can flash loan attacks be traced? 🕵️ (27:34)
• Why would people use Oracles? (38:22) And is there a use case for Oracles and the Binances of the world? 👀 (43:50)

Connect with Sam Kim:

• Follow with Sam Kim on Twitter @samislucid

READ TECH STORIES AT HACKERNOON.COM 🦄