Introduction to the Vena Network Details

In the world with constantly changing technologies and appearance of something new every day, there is no wonder that new systems have been creating in the field of cryptocurrency. Some years ago the digital money seemed to be another futuristic idea which is impossible to enter our daily lives. And look – today everyone knows what cryptocurrency is and trying to get involved in the whole process. So, the systems are created to solve different issues and problems of the cryptocurrency. The new currencies are also designed and developed, and so, the digital market is overtaken with them, is some way.  To solve a decentralization problem a new innovative system was created, and the name of it is the Vena Network. 

The network is created and is constantly growing and expanding with the help of these people: Ching Zhu, who is a CEO, Jeremy Lan is a CTO, May Du is Operation Director, and also many others, assisting in the optimization and the healthy functionality of the network. 

Structure and two layers of the network

There are two main layers, which are basic protocol layer - that includes a registration process, management and things like that, and the second one is the assets protocol layer, which deals with the implementation of the terms. 

Advantages

Every system is valued according to the advantages it has. And so, we may point out some of the good and unique advantages of the Vena network. They are:

    • Offline transactions may be made by the users, there is no need for the involvement of the third party to make a transaction. 
    • Centralized trading platform. But still, users see some disadvantages of this, such as the possibility that the trading platform becomes a bankrupt, or the possible embezzlement, hacks and attacks on the software of the system, high prices and a certain monopoly.
    • Collateral loan institution is also centralized. 
    • Credit loans have a long process, but all of this just to make sure everything is okay. This is a real advantage of the network, as the security level in such a case is pretty high and the credibility rate is also on the top. And also with the Vena protocol, the cost of the development is much lower than the cost of any others systems. 
    • Debt financing has also some unique peculiarities and characteristics.
    • The Vena Protocol wants to build up a good environment for the bitcoin and cryptocurrencies as well
    • The abundance of the roles of the team is a great advantage; too, as everyone is busy with something certain, have some unique functions to perform.   
    • The usage of modern techniques 

Protocols

A protocol procedure includes some other subdivisions:

    • Handshake protocol;
    • Trading protocol;
    • Debt protocol;

Which also have smaller subdivisions and well-developed rational structure.  

Vena protocol tokens is another part of the Vena network, which uses some up to date methods and modern models during the working process. There is also a network of Jurors, you can join the Vena network by just sending an application at first place. 

🌐 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