DEGO FINANCE: PUTTING AN END TO MONOPOLY IN FINANCE
INTRODUCTION
Ever since the first era of civilization where the financial system begin to take its shape and up till now, it is not an overstatement to say that the system has been such a monopolized one such that so many stand to bear loss and be exploited when there is a bad time. For so long the global finance has been drifting under the control of centralized government and agencies that hold the system. It is not reasonable to continue this way even though this typically defaulting structure has been used by everyone. It is time to advance and let civilization breakthrough with decentralized concept taking over finance through DEGO.
WHAT IS DEGO ?
With the objective the team has in mind to improve finance globally, Dego is made to use one principle which is loaded in its algorithm. It now has now formed its association with the blockchain to become as immutable as the blockchain itself still with the Algorithm unique to it alone. This platform now forms a unique one with the principle it has and is safe to be used by the users to offer solutions that cannot be compromised. Dego is taking up decentralization as the right tool together with smart contracts to make this concept take over the existing finance. This is the aim for creating this concept such that the issuance of currencies can be handled by this new algorithm without any individual holding the system or controlling the issuance of currencies. The purpose of DEGO'S algorithm is to use its new mechanism to open a new and more distributed financial system. This new one will not be a subject to hierarchy or class and by such, Monopoly will be eliminated from the system.
THE POWER OF DECENTRALIZATION WITH DEGO
The new autonomous system is the new concept that will be recognized with the blockchain because it is capable of causing a rapid development of DeFi. The products as existing in DeFi markets are made to exist in the market and are referred to as DAOs. Having this application, government won't be able to interfere with individuals financial services and that will make this current DeFi market move past it's initial stage of growth. The current technology will add to the DeFi market development and will make it able to work well with the financial system. So many financial services will be runned on the chain with so many scenarios. In order to prevent the breaking of DeFi, Degi network will introduce fairness and this will make the platform irreversible.
CONCLUSION
For security, DEGO uses the Ethereum smart contracts and the artificial intelligence together. This helps it to implement its logic for security and it does that, it becomes very rational.
So Dego is different from the existing centralized systems, it is not a company either and has so many developers that are ready to make mining process very interesting and also beneficial to the users. As a ready-made solution made for the global finance, it will be useful to all and will cause incredible advancement globally.
USEFUL LINKS
Website: https://dego.finance/home
Medium: https://medium.com/@Dego.finance
Telegram: https://t.me/dego_finance
Twitter: https://twitter.com/Dego_Fi
Discord: https://discord.com/invite/xJjSJrd
Github: https://github.com/dego-labs
AUTHOR'S DETAILS
Bitcointalk Username: Nekkyush
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2661429
P. O. A: https://bitcointalk.org/index.php?topic=5272474.msg55254870#msg55254870