Udego: An Open-Source, Permissionless & Blockchain-Based Alternative Payment FraUdego: An Open-Source, Permissionless & Blockchain-Based Alternative Payment Framework Formework For

Udego Finances open-source and permissionless framework uses a shared database (blockchain) to replace the need for any intermediate trusted entity in cryptographic exchange. In simple terms, Udego Finance affords any person with a smartphone or computer, anywhere in the world, the ability to make and receive payments securely, instantly and with no intermediary.

Udego is a shared database, interoperable payments and an open-source and permissionless framework that uses blockchain technology as its distributed ledger. It is based on the same principles in biology, where data is hosted by many nodes (cells) and anyone can join the Udego network to share data and earn rewards.

Udego Finance is an Open-Source, Permissionless, shared database that provides a Blockchain-Based Alternative Payment Framework for digital assets without the need for 3rd party intermediaries. How? Through the concept of atomic swaps using a combination of smart contracts and cryptographic hash sets.

Udego is a payment platform developed by Udego Limited and fully managed by the Udego Foundation, an independent organization whose purpose is to provide services and software that anyone can use. The system is open source, fully permissionless, and utilizes blockchain technology as its distributed ledger framework. It can easily integrate with existing software systems.

Introducing Udego Finance, a novel blockchain-based financial system. It is a decentralized, open-source and transaction database that benefits businesses and consumers globally.

Have you ever asked yourself how a blockchain-based payment system should function? In this article I would like to explain the design and operation of Udego, an open-source, permissionless and blockchain-based alternative payment framework for electronic monetary exchanges.

Udego (UEF) is a new digital money framework that uses mathematical rules to structure payments, audit transactions and protect users. These rules are coded into smart contracts with the Ethereum blockchain platform. Udego is an open-source system which allows anyone to freely use it for any type of monetary exchange.

Udego is an open-source, permissionless and blockchain-based alternative payment framework for trading goods, services and other values in a secure way without the need for any central authority. This means that it offers greater value for businesses, organizations and individuals alike as it enables transactions that are streamlined and transparent, with an immutable system of accountability.

In order to build a trustworthy and open-source ecosystem for financial transactions, we need to replace the existing payment systems with a next-generation infrastructure. To solve this, we propose an innovative payment framework called Udego that builds on decentralization and blockchain technology.

The Udego Framework simplifies the mechanics of transaction execution by providing secure, privacy-preserving and decentralized payment capabilities. With a layered modular architecture that relies on, and interoperates seamlessly with, existing payments protocols as well as operating systems and browsers, the Udego Framework provides all the raw ingredients necessary to easily deploy real-life payments solutions.

What if you could have a financial system that has the same qualities as the internet and is built for the Internet of Value?

The world has been changing rapidly, with new technologies and trends emerging everyday. One of the biggest changes that has affected many individuals is through the invention of electronic payment system such as credit/debit cards. But although these systems have changed a lot and resolve most of the issues associated with money transactions, theres a glitch in the form of trust, it is the need for an intermediary (card issuing banks or e-commerce merchants) during transactions which creates a level of uncertainty in transactions that one cannot afford to take.

To find out more information about Udego, please visit the page below :
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

Author
Bitcointalk username :Aiko Ryzuka
Bitcointalk profile url : https://bitcointalk.org/index.php?action=profile;u=3397304
BEP-20 wallet address: 0xA24009B0041b50f38f745f3A91f8552304E42483