Headlines are updated in real time. Click on a headline to the left to read the news.
Gelato likens itself to the "Zapier for crypto", as it aims to simplify DeFi and other blockchain applications by automating smart contract operations. It is a powerful automation network built for the decentralized web, or Web3. In simpler terms, Gelato is like a robot that can automatically execute tasks across various blockchain networks.
Gelato was created by a team of dedicated blockchain enthusiasts and developers who saw the need for a tool that could automate tasks on the blockchain. Its cofounders are Hilmar Maximilian Orth and Luis Schliesske.
Unlike many other cryptocurrencies, Gelato does not have its own token. Instead, it operates as a service on the Ethereum blockchain and other compatible networks. This means you don't need to worry about token supply or market cap when using Gelato.
As Gelato is a service rather than a coin, it's not something you can buy or sell on a crypto exchange. Instead, developers access Gelato's services through its application programming interface (API). This allows them to integrate Gelato's automation capabilities into their own blockchain applications.
Gelato is used by developers to automate a wide range of tasks on the blockchain. This could include anything from triggering a smart contract when a certain condition is met, to regularly transferring tokens between wallets. By automating these tasks, developers can save time and ensure their applications run smoothly and efficiently.
There's always something new happening with Gelato. The team is constantly working on new features and improvements to make the network more powerful and easier to use. One of the most exciting recent developments is the expansion of Gelato's services to other Ethereum Virtual Machine (EVM) compatible blockchains. This means developers can now use Gelato to automate tasks across a wider range of networks, opening up new possibilities for decentralized applications.
Recent news about Gelato highlights the release of Gelato Automate V2, a significant update to its smart contract protocol. This new version allows for the addition of features without requiring users to migrate tasks or affecting the performance of existing tasks. Additionally, Gelato has introduced a modular smart contract architecture across the 15 EVM networks it currently supports.
Recent developments include the upcoming production of Gelato Relay. This feature will enable web3 developers to create Augmented Smart Contracts that are reliably automated, provide a gasless user experience, and leverage off-chain data and computation. This new development aims to simplify the complexities of interacting with blockchains. Furthermore, Gelato has released a new cross-chain relayer payment system called Gelato 1Balance, which simplifies the payment process for relayers across all networks.
In other recent news about Gelato, the platform has shown significant growth, executing hundreds of thousands of transactions and powering over 200 projects. Gelato is also fostering community engagement through initiatives like the Builder Bounties program, which supports those building projects that benefit the wider web3 community. They are also offering bounties to builders who incorporate Web3 Functions into their apps.
Looking ahead, Gelato plans to introduce off-chain resolvers and move towards further decentralization with its p2p executor launch. They are also working on a decentralization roadmap. For those interested in where to buy Gelato or tracking the Gelato price today, it's best to visit reputable cryptocurrency exchanges and financial news platforms.
Headlines are updated in real time. Click on a headline to the left to read the news.
Gelato likens itself to the "Zapier for crypto", as it aims to simplify DeFi and other blockchain applications by automating smart contract operations. It is a powerful automation network built for the decentralized web, or Web3. In simpler terms, Gelato is like a robot that can automatically execute tasks across various blockchain networks.
Gelato was created by a team of dedicated blockchain enthusiasts and developers who saw the need for a tool that could automate tasks on the blockchain. Its cofounders are Hilmar Maximilian Orth and Luis Schliesske.
Unlike many other cryptocurrencies, Gelato does not have its own token. Instead, it operates as a service on the Ethereum blockchain and other compatible networks. This means you don't need to worry about token supply or market cap when using Gelato.
As Gelato is a service rather than a coin, it's not something you can buy or sell on a crypto exchange. Instead, developers access Gelato's services through its application programming interface (API). This allows them to integrate Gelato's automation capabilities into their own blockchain applications.
Gelato is used by developers to automate a wide range of tasks on the blockchain. This could include anything from triggering a smart contract when a certain condition is met, to regularly transferring tokens between wallets. By automating these tasks, developers can save time and ensure their applications run smoothly and efficiently.
There's always something new happening with Gelato. The team is constantly working on new features and improvements to make the network more powerful and easier to use. One of the most exciting recent developments is the expansion of Gelato's services to other Ethereum Virtual Machine (EVM) compatible blockchains. This means developers can now use Gelato to automate tasks across a wider range of networks, opening up new possibilities for decentralized applications.
Recent news about Gelato highlights the release of Gelato Automate V2, a significant update to its smart contract protocol. This new version allows for the addition of features without requiring users to migrate tasks or affecting the performance of existing tasks. Additionally, Gelato has introduced a modular smart contract architecture across the 15 EVM networks it currently supports.
Recent developments include the upcoming production of Gelato Relay. This feature will enable web3 developers to create Augmented Smart Contracts that are reliably automated, provide a gasless user experience, and leverage off-chain data and computation. This new development aims to simplify the complexities of interacting with blockchains. Furthermore, Gelato has released a new cross-chain relayer payment system called Gelato 1Balance, which simplifies the payment process for relayers across all networks.
In other recent news about Gelato, the platform has shown significant growth, executing hundreds of thousands of transactions and powering over 200 projects. Gelato is also fostering community engagement through initiatives like the Builder Bounties program, which supports those building projects that benefit the wider web3 community. They are also offering bounties to builders who incorporate Web3 Functions into their apps.
Looking ahead, Gelato plans to introduce off-chain resolvers and move towards further decentralization with its p2p executor launch. They are also working on a decentralization roadmap. For those interested in where to buy Gelato or tracking the Gelato price today, it's best to visit reputable cryptocurrency exchanges and financial news platforms.