The Idea Behind Udego Finance, Blockchain And Digital Money
Udego Finance is a unique concept inspired by the latest blockchain hype and its unfortunate associations with Bitcoin. The existing money framework is becoming intolerable, borne out of self-interest, corruption and greed. Shared databases underpin every aspect of our lives, almost everything we do is documented in one way or another.
So why not use this same shared database approach as an alternative to a blockchain?
Imagine if we could trade in a fully-automated fashion, and almost instantly have the funds transferred to where they are intended. What if we could then record such exchanges of currency on a shared database? The result would be a new money framework that is underpinned by a shared database rather than a blockchain. This is the concept behind Udego Finance, digital money based on waves, not chains.
In the early ’90s, music fans traded mp3s on underground technology platforms. In 2018, shareable digital information has been signed, sealed and delivered to the mainstream. Now that all of us can safely and quickly move files, images and other digital assets to one another around the world, wouldn’t it be great if we could also send value without borders?
Let Udego Finance show you how!
Udego Finance, is a new type of digital money. It’s a shared database platform built upon blockchain technology with a focus on global portability, anonymity and transaction speed. This will allow people worldwide to send money like they send an email.
First, Udego Finance is entirely virtual; it uses software with no counterpart in the physical realm. Second, Udego Finance is digital; there are no coins or bills exchanged digitally. Third, Udego Finance is not made of paper; it is intangible and immaterial. Fourth, Udego Finance is a concept; it has no real world equivalent and its only existence is as a program (or set of programs).
Udego Finance is a network that allows individuals and small businesses to free themselves of the senseless constraints of the world’s banking and monetary systems. Transactions between peers can be made with self-assured security with blockchain and public key encryption to prevent fraud.
The never-ending block-chain maze is replaced by a self-regulated database of transactions; this means that peer review is maintained, as well as autonomous control over monetary policy and supply.
Ready to get involved with the only digital currency that you have heard of? Then read on. Udego Finance is open source; anyone can get involved and help build it to something of real value. Plus, there are many more features that will be added soon, but if you’re just dying to get going then maybe you can also set up your own version of Udego Finance.
Udego Finance is a medium for financial transactions that can be exchanged for the real value behind fiat currencies. It consists of a blockchain-based universal and open database that enables laymen to use digital money at their own discretion and various vendors to supply goods and services with it. The database contains comprehensive information about Udego Finance users as well as products and services.
This structure aims to provide transparency, making it easy to audit the database, while maintaining its flexibility going forward.
The world is changing. What used to be the domain of bankers and credit card companies is now within the hands of consumers and high-tech startups. Peer-to-peer lending has changed how people access loans and digital money has changed how people pay for goods, services and even other currencies.
On Udego Finance we bring these two worlds together in one safe place — a place where you can invest in peer-to-peer loans, lend your money to others, trade your digital cash and create a balanced financial portfolio using traditional “boring” investment products.
Udego Finance aims to make money as simple as using software. With the advent of cryptocurrencies, we are opening a new era of Financial Technology that is necessary to explore in order to make digital money simplier, easy and available for everyone.
It’s not only about understanding this — but also being able to quote facts and figures on blockchain or other fintech related issues which is hopefully why you’re here reading this.
Udego is the name of a small island off the coast of Norway that is scattered with the ruins of stone cottages. These structures can be traced back to the 12th century, when it was populated by farmers who had been forced from their land and sought shelter there.
Over time, its residents came to accept Udego as their own despite its remote location.
Imagine going to your mailbox and finding checks for thousands of dollars. What would you do with that money? What does the mailman do? A silly question, we know, but it gets at a fascinating part of our human nature. Money is a concept that transcends virtually all cultures and is an integral part of virtually every human society.
The fact that money is such a powerful and innovative concept also means that it can be represented in many different ways.
Information About Udego:
Website — https://udego.finance/
Whitepaper — https://udegofinance.gitbook.io/udego-finance/social-accounts
Telegram — https://t.me/UdegoFinance
Twitter — https://twitter.com/UdegoFinance
Facebook — https://www.facebook.com/UdegoFinance
Reddit — https://www.reddit.com/r/UdegoFinance
Medium — https://udegofinance.medium.com/
YouTube — https://www.youtube.com/channel/UCfQen7asIoWe_GLDtz_hQ7
Bitcointalk username : Alessandro Martinez
Bitcointalk profile url : https://bitcointalk.org/index.php?action=profile;u=3397979
BEP-20 wallet address: 0x48dF0cE08730124089800Dc11628602140918CE3