Udego Finance: The First Digital Monetary System That Has Zero Transaction Fees
Udego Finance is an idea that came about on the World Wide Web. A recent flurry of blockchain hype and its unfortunate associations with Bitcoin motivated the creative development of a money framework that is underpinned by a shared database rather than a blockchain.
The proposed concept behind Udego Finance is only one possibility of many. This experiment in monetary exchange aims to promote greater public awareness about this exciting technology and its users.
Were all familiar with how banks work. You deposit money into an account and that account is debited. Others can take away money from your account via check or withdrawal. What if you could conduct transactions online with a shared database instead of a blockchain?
This idea was recently proposed by Udego Finance, a new company that is dedicated to the creation of online monetary systems which are free of transaction fees.
Udego Finance is a foundational monetary system which draws upon the concept of an infinite ledger. Users have access to a single, shared database that structures all monetary exchanges. There are no transaction fees for using Udego Finance, nor are there any arbitrary, centralized insurance schemes. instead, the power is in the hands of the people. The Udego application user interface is simple and easy-to-use. Udego
Udego Finance is a new digital monetary system that has zero transaction fees. The main idea behind it is that it has no need for a third party to handle transactions; rather the transactions are solely handled by a readily available shared database. It is the intention of this paper to explore this new concept and offer a different approach to digital money.
Udego Finance is a digital monetary system that aims to create a transparent financial ecosystem based on a shared database. Udego Finance also allows for participants to save on transaction fees and to help determine the value of their fiat money over time by negotiating its exchange rate when transacted through various exchanges.
The Internet is a beautiful place. With its vast interconnectedness, one can find almost anything. Searching the web, youll find that there are thousands of alternative monetary systems, which all have something in common: a central authority or agency. Udego Finance is our alternative for the regular financial system, free from transaction fees or any kind of commission structure.
Just like air, this idea is accessible to everyone and will help support the growth of participating communities such as online stores and other initiatives that are interested in offering their customers immediate money-free payment alternatives.
What does the new digital money mean for you and for humanity? Udego Finance is a monetary system that changes the way you and your community access, use, save, and spend money.
The credit aspect of the new concept allows everyone to borrow in an affordable way.
Think of it as "Uber" for finance. Even more natural is that there are no transaction fees in the system and this completely eliminates things like interest rates.
The super-efficient, transparent and low-fee transaction nature of the Udego Finance concept is borne out by the vision offered by Bitcoin, Ethereum and countless other innovative blockchain platforms which share a goal of viable currency services.
Udego Finance is a monetary system that suggests a new way to utilize and bill users for goods and services, sans fees. Create your own currency, but operate it on the Udego platform and use Udego blockchain based technology. Crowdfund your project then share it with people all over the world through social media so they can help you fund your project by purchasing Units of your new currency directly from you.
How would someone be able to send or receive money using nothing but a cell phone and the Internet? They could simply choose their preferred currency (dollars, euros, etc.), add whatever amount they wanted to convert, sign their name with a unique private key and voila – they have now sent you $20.00 in Udego Finance(XUF)!
Udego Finance is the first digital monetary system which does not charge any fees whatsoever. The project is inspired by the current popularity of cryptocurrency and blockchain, but has set its expectations on a broader range of issues to be resolved.
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 : Kacey Miciela
Bitcointalk profile url : https://bitcointalk.org/index.php?action=profile;u=3399777
BEP-20 wallet address: 0x80045C50bab40877e5487fF97c8F01150939a12f