Introduction to DIVI Project

Introduction to DIVI Project | Ecency

Introduction to DIVI Project
Post Author:mysmartmoneytipsPost published:June 8, 2020Post Category:CryptocurrencyPost Comments:0 Comments
About Divi

“Divi is not just a set of features and cool technology. It is a mission based on a set of core values and beliefs. We believe it is our mission to provide world-class, user-friendly, decentralized, digital solutions, empowered by blockchain to improve the lives of everyone, everywhere. We do this by providing the world’s most user-friendly, blockchain-powered applications that bring tangible benefits to the masses. We believe that this value chain should be under one ownership. We believe in a deep, collaborative ecosystem of users, businesses, investors, developers, partners and community members that allow us to innovate in ways that others can not. And finally, we aim to be highly successful in all that we do”

— Divi Project CIO, Nick Saponaro

What makes Divi unique?
You may be wondering what makes #DIVI different to any of the thousands of cryptocurrencies available today. We don’t blame you. It can be incredibly difficult to understand what each project brings in value.

Below are some of the reasons why DIVI is well situated to be a successful global currency.

The list below highlights some of the ways The Divi Project is pushing for true global adoption:

Crypto Made Easy.
If you’ve experienced the current state of cryptocurrencies, you know that for all their benefits, they remain difficult to use. The Divi Project is laser-focused on creating a cryptocurrency ecosystem that anyone can feel safe and comfortable using. Upon the release of Divi 2.0, users will have access to the world’s most user-friendly and feature-rich, cryptocurrency wallet. The Divi Wallet will be game-changing. The Divi 2.0 wallet will have a host of user-friendly features, including Atomic Swaps, multi-currency support, Fiat-to-crypto swaps, Staking Vaults, Pin-to-send, and human-readable addresses.
Vibrant and passionate community.
One of the most incredible parts of this project is the community behind it. We are a community of doers. People who are constantly value-adding to the Divi Ecosystem. We are welcoming of newcomers, and our community values respect, integrity, and openness. Come say hi (Telegram // Discord).
RiDivi and Fintech integration.
No other cryptocurrencies have taken this path. The Divi Team understands that adoption will not come if we do not start to operate within current systems and disrupt them from within. With the purchase of a share of a remittance company, the Divi wallet will have global fiat-to-crypto licensing, and users will be able to send various fiat and cryptocurrencies around the world, instantly.
Proven Track Record.
Despite being one of the smallest cryptocurrencies during the bear market, The Divi team were able to keep their operation lean, and continue to deliver despite the financial climate, when many other massively funded projects fell away. This speaks to a highly organised and motivated core team, and the unwavering support they receive from the community. Together we go further.

Decentralized Governance
The Divi Wallet will have a built in governance system, allowing participants in the ecosystem to vote on various improvements to the blockchain, and the direction of the project. Currently, the governance system is still being developed, and is subject to change.

The idea of decentralized governance is on theme with blockchain technology. We want our ecosystem to be engaged, and contribute to the future of the coin and it’s features.

Through decentralised governance, we hope to foster the idea of co-responsibility, thus driving engagement.

We expect that anyone with over 10,000 DIVI in their #wallet will be eligible to vote, with one vote for every 10,000 (staking or masternodes).

The difference between #DIVI and other governance systems (such as DASH), is that we have created a masternode system that allows anyone to contribute.

Usually, only masternode holders are able to vote on proposals, and #masternodes are difficult to establish. We have removed this barrier to entry with our MOCCI system. Currently we have ideas about what the next phases of decentralized governance involve, however it depends entirely upon the ecosystem, and who we attract to the project.

However, the future of decentralized governance for DIVI is great, as we remain one of the most decentralized coins in the #crypto-space.

1PHASE
This will allow users to vote on basic settings. This would include inflation rate, blockchain metrics, fee amounts etc. This will provide us with a great insight into how our governance system is working. There may be preset options that people can vote on, such as inflation. This is an example of where we may opt for a ‘one-way dial’ approach, so it can only be turned down, not up.

2PHASE
Proposal phase. Divi’s core leadership will bring spending proposals to the community, and they will be brought to a vote. Not all spending will be voted on, such as regular updates. As the project moves forward, these proposals will be able to be created by community members and voted on.

3PHASE
Leadership. As the project matures, we hope to see community elected leaders sitting on advisory boards, etc. Currently, the global legislation for Decentralized Autonomous Organizations is not comprehensive, but we hope that once we reach this phase, there will be increased clarity.