Aurora: Decentralized Finance With Computational Distribution and Ethereum Network

Quora Status

https://www.youtube.com/watch?v=aZ6j0UPPh1o

for now the modern financial system has a lot of super-fast expansion in improving life in the world. But basically this system has caused a lot of conservation on the wealth and power that is not rsional by people who have managed it. The financial collapse is based on the question of time and countries have not yet gained the same benefits as between one country and another. Even today many of the issues that come from the media are generally in the monopoly by the national government, internally the decisions against which to support the health of their own environment.


Current Models and the Role of the Central Bank

Most of the largest economies have converged with a similar model, the state-sponsored central bank. The most prominent is the US central bank, the Federal Reserve. The Fed and others act as banks for commercial and government banks. As a "banker bank", the Fed provides services to financial institutions in the same way as commercial banks provide services to individuals, e.g. transfer from one bank to another. This includes acting as the "last lender," which provides problem advertisements with short-term loans when the risk of bankruptcy prevents them from obtaining loans from other commercial banks.

 

The Fed also acts as a US government bank, handling all tax revenues and outgoing government payments. Included in this service The Fed sells government securities such as treasury bills, notes, and bonds

various forms of gove

Rnment debt with different due dates. The Fed's most important task is to manage US Dollar inventory through a process known as monetary policy. The objectives of this policy are sustainable economic growth, full employment, and stable prices. Through monetary policy the Fed and other central banks are trying to "tweak" the economy to the right level. For example, if the economy shows signs of slowing growth, the Fed may decide


it is best to lower interest rates. Because interest rates degrade more individuals and businesses willing to borrow to finance investments, purchases, or other forms of financial activity, increase overall spending in the US economy. However, as previously mentioned, the Fed is only a national government bank and a large commercial bank. , and does not lend directly to businesses and consumers. The Fed should pursue the policy objectives through this other entity by using a special tool designed to influence the decision of commercial bank lending. The Fed achieves this by ensuring banks have more money than they need, excess reserves above the number of banks must be held by law. The bank then lends this excess money to businesses and consumers for use in investments, wages, or purchases of goods and services.

History of Banking Free

Free banking has a strong track record in countries and the period of time it is allowed to develop, a prime example is the UK in the late 1700s. At one point the system was so successful that British citizens preferred personal coins rather than those provided by the Bank Of England. Coins are more widely circulated, especially in industrial estates in Northern England, and contain more complex designs that help combat counterfeiting. It is said that the beginning of the industrial revolution in Britain would not have been possible without a private coin publisher. Their success ultimately led to the British government prohibiting the printing of coins in person, killing the industry that must make them obsolete.

The story is similar in the US, where increased regulation inhibits bank operations, resulting in a crisis that ultimately results in more control and regulation. Early commercial banks were barred from creating branch banks, restricting their operations to a single physical location; this eliminates their ability to diversify, and ensures that any difficulties in the local economy affect the solvency of the bank. It also makes it difficult to move the supply of currency into areas with greater demand, leading to supply shortages in high demand periods such as the harvest season


IDEX Specs

IDEX provides real time, high trading throughput experience in conjunction with blockchain based execution and settlement. Users can trade continuously without waiting for mine transactions, fill multiple orders at once, and immediately cancel orders and without gas costs.


IDEX consists of a centralized trading machine and a decentralized Ethereum smart contract. The trading machine generates the first decentralized IDE Iterated chain balance; the trading interface is run locally by the end user, while Aurora Labs manages the server responsible for matching and completing the trade. The current architecture is captured in the following graph:

For more details visit the official website of:

Auroradao

Whitepaper 

writter by  : yuni52

https://bitcointalk.org/index.php?action=profile;u=1100435