<ul><li>Asynchronous programming is crucial in web development, and JavaScript's single-threaded nature relies on Promises for managing non-blocking operations.</li><li>Promises act as proxies for values that may resolve in the future, enhancing code readability and reducing callback hell.</li><li>Promises have three states: Pending, Fulfilled, and Rejected, and once settled, they become immutable.</li><li>Consuming Promises involves using .then() for resolution, .catch() for errors, and .finally() for executing code regardless of outcome. Promise chaining and error handling are key features.</li></ul>

Understanding Promises in JavaScript: A Formal Introduction

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