NFTuloan Whitepaper
  • Introducing NFTuloan
  • Roadmap
  • Protocol
    • Challenge
    • Crypto Movements
    • Communication
    • Staking Phazes
      • Funding
      • Lenders Selection for Loan Creation
    • Balances
    • Loan Termination
      • Loan Payback
      • Loan to Hotdeal
    • Ethers Withdrawal
    • NFT Collections Estimation
  • Platform
    • Instant Liquidity
    • Staking ETH
    • Marketplace
    • Security
  • Tokenomics
  • DAO
    • Functions
    • Level
    • $veULOAN and Voting Right
  • API Operations
    • Borrowing Functions
    • Staking Functions
  • Resources
    • Team
    • Legal Disclaimer
  • API Operations
  • FAQ
    • General
      • What is NFTuloan?
      • How can I create an account?
    • Liquidity
      • How do I get liquidity?
      • How do I repay my liquidity?
      • What happens if liquidity isn't repaid on time
      • Are my assets protected as a borrower throughout the liquidity period?
      • How long does it take to receive my liquidity?
      • Can I close my liquidity at any time?
      • What are the interest rates for NFTuloan liquidity
      • Can I have multiple liquidity?
      • What are the liquidity durations?
      • My NFT is rare, can I receive a bigger liquidity?
      • My NFT is worth 20ETH and I can only borrow 14ETH. Why?
    • Staking
      • How can I make money with my ETH?
      • How much money can I earn with my ETH?
      • What is the minimum amount of ETH I can transfer? Or the maximum?
      • When do I start earning my rewards?
      • What is my gain when I stake my ETH?
      • When can I withdraw my cryptocurrencies?
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  1. Protocol

Communication

PreviousCrypto MovementsNextStaking Phazes

Last updated 2 years ago

An important point to make the service run smoothly was to make fault-resilient communication between each entity in our protocol.

From smart contract to platform, or from platform to backend service, we took time to create a robust inter-related communication protocol.

Each stage of a loan request is handled by multiple levels of checkups to avoid the loss of any assets and the closing of each loan. Therefore, communication acknowledgements were placed between each entity. These entities are the SmartContract, The Bi-level Web3 API we’ve created, The Front-end platform, the back-end services and the Database.