Introduction to DeFi technical components
In response to the challenges in Ethereum DApp development like difficulty in contract upgrade, fixed data structure, slow on-chain interaction, poor user experience, lack of necessary infrastructure, and security issues, the Force Protocol proposes three DeFi technical components: Fundamental component, extended component, and financial component, which collectively form The Force. The ultimate goal of The Force is to realize aninternet product level of development and upgrading pace as well as user experience among Ethereum finance DApps while maintaining their security.
Fundamental component: Assets Protected Elastic Contracts (APEC).
Extended component: Blockchain Enquiring, Auditing & Messaging System (BEAMS).
Financial component: Global Emergency Lockdown (GEL); Cooperative Automatic Lockdown Mechanism (CALM); Multisig Admin Keys (MAK).