<ul><li>Promises in JavaScript act as placeholders for values that will be resolved or rejected at a later time.</li><li>The Event Loop in JavaScript manages the execution order of code by coordinating between the Call Stack, Web APIs, Callback Queue, and Microtask Queue.</li><li>Promises' .then() method is placed in the Microtask Queue, giving them priority for execution over tasks like setTimeout.</li><li>Understanding how the Event Loop handles promises helps in grasping why certain code might execute in a particular order.</li></ul>

Tidbit 01: How Does Event Loop Handle Promises?

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