{"type":"video","version":"1.0","html":"<iframe src=\"https://www.loom.com/embed/793726ebce4f4896bbe5e32a45a71d99\" frameborder=\"0\" width=\"1110\" height=\"832\" webkitallowfullscreen mozallowfullscreen allowfullscreen></iframe>","height":832,"width":1110,"provider_name":"Loom","provider_url":"https://www.loom.com","thumbnail_height":832,"thumbnail_width":1110,"thumbnail_url":"https://cdn.loom.com/sessions/thumbnails/793726ebce4f4896bbe5e32a45a71d99-0987c41e7566d25d.gif","duration":284.4306,"title":"Decentralized System for Managing Bids and Commitments 💡","description":"In this video, I explain a decentralized system for managing beats and commitments in a blockchain environment through smart contracts. We explore five main contracts: bidder registry, block tracker, Oracle, reconf manager, and provider registry. The bidder registry manages bidder registrations, deposits, and bidding activities within specific time windows, ensuring sufficient funds are locked in. Tasks include depositing, withdrawing, transferring, and unlocking funds. The provider registry manages provider registrations, stakes, slashing, and fund withdrawals, ensuring accountability and security. No action requested from viewers."}