Vena Network Building Decentralized Digital Asset Financing And Exchange Network
“Virtual Currencies may hold long-term promise, particularly if the innovations promote a faster, more secure and more efficient payment system.” – Ben Bernanke
Today is the world of cryptocurrencies, more and more company are coming into the cryptography marketplace with a solid vision and mission. All of them have strong ideas with strong ICO’s. but the main issue is that people are still confused with the cryptocurrency world. They are afraid of investing in it. But the reality is that cryptocurrency world is more secure and safe as Blockchain technology and the smart contracts are the main part of this world.
On seeing the scope of cryptocurrency, Vera.Network also came into this world with a great solution for the people. Vena aims to build decentralized digital asset financing and exchange network through Vena protocols in which you can process P2P cryptocurrency collateral lending, OTC trading and enable free exchange between fiat currency and cryptocurrency.
The whole Vena Network consists of two layers:
Basic protocol layer, which mainly includes registration, configuration, routing, and management of upper layer financial businesses.
The asset protocol layer, based on assets, completes user-defined financial businesses through the implementation of the terms contract interfaces.
Crypto world of the Vera.Network is different from all traditional ones as it has the following characteristics:
By using tokenized economic model, vena Network is a distributed commercial network.
For credit and fiat currencies transaction, Vena Network provides decentralized identify authentication.
Support non-fungible token (NFT) standard and attain value-added collateral loan for a group through well self-defined terms contract.
well defined and well-designed protocol. The protocol is designed to recover the degree of freedom for secondary development and carrying more ecological roles.
Vena network supports ETH, ERC20, BTC, EOS, and BCH. More and more currencies will be added to the platform.
Issue source code with AGPL- open source permit
Vena Network is a distributed jury network that can work as the main protection for cryptocurrency exchange.
It supports transactions between fiat currency, collateral loan, and cryptocurrency.
Smart contracts are included with Zeppelin_OS and time lock.
Blockchain technology-based platform and implemented decentralized governance with Aragon software.
The platform solves the risk of collateral price falling through compulsory liquidation mechanism.
Asset trading is carried out directly between buyers and sellers
Vena Networks improves the liquidity and the transparency issues.
Also, Vera.Network Platform is user-friendly to the newcomers and beginners.
If you are traveling the world, you can easily obtain local fiat currency on various DAPPS of Vena Protocol without any fear of the cumbersome currency exchange. Also, you can borrow money anywhere without any limitations.
As we have noticed that Vena network has a fully positive mission to improve the traditional exchange system, it is always worth to invest in the cryptocurrency. Token sales will be arranged in next upcoming days. Keep on visiting the website “Vera.Network” to get the latest updates and information.
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My name is Rob Elneo a blogger and a crypto enthusiast and a legendary member of Bitcointalk I have been involved on Bitcoin since 2013