Vena Network is an open, blockchain-based protocol in which a highly original architecture allows users to write contract terms to define rules for a series of decentralized financial transactions, including asset issuance, lending, trading, and so on. Users can maintain copyrights, and therefore, there is a natural growth in the merchant market for Vena smart contract templates. The Vena protocol ensures that basic interfaces can be freely defined and provides a standard intellectual contract library of various types, including debt contracts (debt financing, loans, collateral loans) and transaction contracts aimed at helping users create interactive financial DApps (decentralized applications) fast, convenient and safe.
How it works
A key element of the Vena network is the Luoshu button, which allows users to carry out an open deal on assets and tokens through a quick deal. Their network allows users to perform peer-to-peer decentralized transactions around the world at any time they want. And when it comes to the field, all digital assets of an individual are stored directly in their contract, if they are not used incorrectly or are not blocked in the contract with the network, if there is agreement. The new blockchain project, Vena Meshwork, aims to change the debt markets, thereby taking advantage of the use of the blockchain for the most impressive function in the financial sector.
Success for ICOs was that they provide p2p cap nurture. Instead of grouping to get through VC finances, which suffer creaky fees, the filling was healthy to fit, without reaching the finished representative. Vena Mesh intends to maintain good kindness in the debt markets, eliminating the impoverishment of intermediaries as a result of the transformation.
Problem
Of the thousands of crypto-conversions that are freely stored around the world, there are still some problems arising from the high transaction fees arising from the FIAT cryptographic conversion. High transaction fees when converting cryptography to FIAT and vice versa led to the depopulation of the crypto space, and not to the conversation that most of the centralized trading platforms responsible for such transformation work without a license, putting investors at risk and fearing to be changed and changed.
Decision
Vena implements a system in which all transactions are carried out by a smart contract, and they are free from manipulations with people, thereby striking against fraud. Transactions carried out on the Vena network are usually cost-effective, efficient and free of distrustful financial intermediaries.
There are various effective tools in the Vena network that see the benefits as cost recovery for each transaction performed on the platform.
Ico
Token Type - ERC-20
Platform - Ethereum
Token price - 1 ETH = 10,000 Vena
Hardcap - 9.000 ETH
Country - China
Total tokens - 1,000,000,000
Available for sale - 30%
In the next part of the review on this project, we will consider it in more detail from the technical side. We will understand the vena network, consider the project protocol: the main protocol level, the asset protocol level. I will also talk about the features of a smart contract, signature verification, time blocker, Vena node network, Vena protocol, analyze ICO characteristics in more detail and make a conclusion on this remarkable project.
Website: https://vena.network/
WhitePaper: http://whitepaper-en.vena.network/#11-background-introduction
Bitcointalk ANN: https://bitcointalk.org/index.php?topic=5031375.0&from=singlemessage&isappinstalled=0
Telegram: https://t.me/vena_network
Facebook: https://www.facebook.com/venanetwork/
Twitter: https://twitter.com/VenaProtocol
Medium: https://medium.com/@457597870
Author:
Anddyy
https://bitcointalk.org/index.php?action=profile;u=2321285
ETH WALLET ADDRESS: 0xB6EfE12D865ceC88c5bb4a0982cD343cCDBe3F8E
