4.1 Working principle of the Smart Finance system
Smart Finance uses blockchain technology and a series of complex mathematical algorithms, such as hash encryption algorithms, time stamps, consensus mechanisms, and smart contracts, to build an open and verifiable technical system. It guarantees the openness and transparency of information, whole-process traceability, and non-tampering, and establishes a "value" network between nodes.
Smart Finance aims to be the largest traffic entry in the Web3 world - providing a simple, comprehensive, recordable, and valued "entry".
① Establish a complete Web3 application interface Smart Network is an integral part of Web3 and the metaverse. It improves the underlying operating framework based on the Smart Finance system, provides an application interface for Web3, and realizes and enriches the value capture conditions and habits of users and WEB3 applications.
② Enable the next phase of DeFi Lowering or completely eliminating collateral requirements in the future is key to introducing DeFi to large-scale applications. Having a strong data network layer can provide users with contribution-based revenue opportunities.
③ Provide application scenarios of Web3 guaranteed value One of the obvious gaps in the Web3 application scenario is the need to provide social interaction based on digital identity. The market value of Web3 application scenarios can be infinitely magnified through social promotion. Smart Finance will start with a huge number of users and perfect infrastructure, and through the Smart Network system, open up high-quality social channels with the Web3 and GameFi world. Realizing real Web3 value.
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