Vena Network Characteristic and System Advantages
Nowadays the technologies develop every day at a great pace. The financial assets are available to many people. So, when a new technology of cryptocurrency was invented, some new problems appeared on the market. Although cryptocurrencies are secure, effective and expandable, and also are decentralized, there are some issues that are worrying the experts. Among the issues is the exchange process to local currency –the prices and fees and so high, that makes the whole cryptocurrency enjoyment just fade. That’s why the new network was created to cope with some of the mentioned problems and ease the lives of those people, who deal with cryptocurrencies and the virtual tokens.
Components of the Vena Network
There are two levels. The first one - basic protocol layer and the second one is the assets protocol layer. The main point of the Vena Network is to develop all the cryptocurrencies networks in a good way.
So, among all the characteristics of the network we can name some unusual and innovative ones:
• tokenized economic model is used to provide a secure network;
• the registered users will go through decentralized authentication of identity;
• the network also supports NFT (non-fungible token);
• the Vena network supports different cryptocurrencies that are now developing;
• both of the parties agree and sign transaction details and so, everything is clear and transparent for the users;
• Aragon software plays an important role in the network since the decentralized government will be implemented using this specific software;
• Zeppelin_OS provides a great security level;
• the risks are minimized.
About the network
The Chief Executive is Ching Zhu. The Vena network is a non-profitable one, that aims to fill all the gaps in the field of cryptocurrencies digital tokens. The Vena Foundation did a lot for the network to become better and a credible one.
When we talk about any network the only thing that deserves our attention is the number of advantages it proposes. So, the Vena network has lots. Among them, the most important are: - the possibility to conduct the transaction without using of internet, offline, just when you want to.
• OTC Exchange is centralized. Which economize the time and is better than the others systems of exchanges. With the usual platform you risk to lose more money because the fees are high, the monopolies charge lots of fees, for almost every case and action.
• Credit loans have no limitations, as the traditional systems. But still, some problems may occur, if there is lack of financial data of the user of the borrowers, as well as data and regional restrictions.
The team of the Vena network is a good one, consisting of relayer and appraiser, contact author as well as a juror, creditor and borrower
Conclusion and Summary
To sum it up, it is important to say that the main idea of the Vena network is to create a new system, assisting in the development of the cryptocurrency healthy ecosystem.
🌐 Vena Network website - http://vena.network/en
✏️ Telegram - https://t.me/vena_network
📃 Whitepaper: http://whitepaper-en.vena.network/
💎 Author - https://bitcointalk.org/index.php?action=profile;u=1937264
My ETH adress: 0x069928788A9Ac2569E1b3d5CFC19E2b0EC2CA4Cc