Byron Dex Vision — Recap form Building On Cardano Community Update
Last year in April Byron Network had the opportunity to join the Plutus Partnership Program and start building on Cardano. Since that time, our team has been building OBP-based ByronDex and a self-sovereign mobile HD wallet. We want to deliver an ecosystem that combines these two and guarantees the best possible experience for the users. We plan to provide traders-oriented products, enabling complete control over traders’ investments.
Cardano’s most significant advantage is the potential behind its solutions and approach. Our team sees a wide range of possibilities, especially in open banking. Fizen.com, a start-up that integrates banks with open banking, is a perfect example of where Cardano seems to be the best choice to build the backend. Having banks in the middle of transaction processes results in extremely high fees. With Cardano, we could create a registry without a centralized entity. Therefore, we see great potential in delivering the possibility for the “unbanked to be banked finally”.
We focused on the DEX with traders-approach and advanced order types known from centralized exchanges. We would love to see our Mobile Wallet be the first choice wallet for Cardano, which we are pursuing. We have many valuable features planned in our Roadmap, which we hope will make our app even stronger. At the moment, we still were internally testing our mobile DApp to release a beta testing version for the community. We appreciate all of the community members who joined us and helped us find bugs or suggestions for our DApp.
To say even more, in the bigger picture, we want to connect traders from different platforms, first UTxO-based such as Dash.org and take advantage of multichain possibilities. That could lead to excellent applications built upon our model. We would love to see both communities grow together.
Cardano holds a powerful position with many talented developers building on this blockchain. Many teams are bringing up a lot of exciting ideas to the table. The community is looking at ways that UTxOs and Cardano can revolutionize DeFi. Our team is no exception — we also believe there is a place for blockchain among regular FinTechs.
Our vision for Byron Network is to enable new projects to use our open source ecosystem. What we are working on is already on our GitHub, with more to come. A growing number of DApps could enable a greater Cardano adoption and a stronger community. With upcoming solutions, such as Hydra, new ideas will keep appearing, and we want to contribute to their success.
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