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RE: Vena Network has begun the creation of a decentralized financial ecosystem.
Good to know about their progress. But I am not sure how the decentralized approach will succeed. The 'go slow' strategy sounds great but handover the operation seems to me would make it deliberate; maybe I am wrong. Apologizing for that.
The network would have the initial control- is the best part to trust on it and would have succeed on this point, I think.
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So, I didn't dive into the nodes much but I'll elaborate now.
The development and ops will go well with the team because they are experienced. That's pretty typical with any ICO. However, the nodes are typically unfamiliar with the tech or ops and sign up for the node rewards.
Not this time.
When Vena Network does slowly decentralize, its nodes would have to be vetted as they'd have to provide proof of knowledge of the financial market, mainly credit.
It's not a dPoS as anyone can be a node, but he/she/they must provide proof they can handle it by conveying possession of the knowledge.
I was imagining the first scenario. But now I got the strategy through your words.
Good to know and good luck.
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