Time-Based Trigger
Time-based triggers allow users to schedule smart contract executions at predetermined times or intervals. This is akin to setting up cron jobs in traditional systems, enabling periodic task automation without manual intervention.
Implementation in TriggerX
Scheduling: Users define the execution schedule using the TriggerX interface, specifying intervals or exact timestamps.
Execution: At the scheduled time, the decentralized keeper network executes the specified smart contract function.
Use Cases
Recurring Payments: Automate regular token transfers, such as salary disbursements or subscription fees.
Periodic Data Updates: Fetch and update external data sources at regular intervals.
Scheduled Governance Actions: Execute governance proposals or parameter changes at predefined times.
By utilizing Time-Based Triggers, developers can ensure timely and consistent execution of tasks, enhancing efficiency and reliability in decentralized applications.
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