{Vein Network} with the Special Blockchain Protocol Specifically for Financial Operations.

mataair (25)in #steemit • 7 years ago (edited)

the network paradigm underlies all financial operations. Although the purpose of P2P networks is shared between all encrypted currencies, in the field of focusing on cryptocurrency peer-to-peer transactions, there is no standard for building networks on the blockchain. This shows that the blockchain protocol can be designed with technical implications.

https://vena.network/en

The P2P Vena framework will allow users to carry out offline transactions, deposit and exchange currencies, act as borrowers, etc. That is, Vena Network will implement deposits, exchanges, loans, and withdrawal scenarios for P2P transactions using in-house elaboration.

Description of P2P Vena Network
The distribution of roles among participants in Vena Network can be summarized as follows:

Relayers will post the order to the order book. Designing special levers will help collect and maintain orders. The appraiser will consolidate outside information, charge fees and manage orders. In addition, the Contract Writer will make contract templates including individual contract patterns using the functional Vena interface. The price of the Oracle contract will also be introduced with the aim of monitoring market changes and specifically notifying relevant parties of their costs.

https://vena.network/en

Trade and debt securities

Stakeholders who are interested in fiat to exchange cryptocurrency will be provided with collateral services from the appraiser. For this, an order will be made with the Handshake Protocol. Similarly, the debtor can request debt services, while the appraiser will be able to collect and evaluate outside information. Each first order will be submitted to the Vena contract. If the verification process will be completed successfully, a number of negotiated assets will be transferred. Getting an individual loan is also possible. Vena kernel contracts are the final stage for order processing. As long as the order hasn't been sent to the kernel contract, they can still be canceled. Like various other protocols, the arbitration process can be carried out. For this, the Vena Foundation will assign an approved judge to resolve this issue.

Sales Token Plan
General sales will begin on October 25 and end on November 5, 2018.

(roadmap vena)

Generally, Vena Network is a protocol that aims to bridge the gap between financial service providers and individuals to enable cryptocurrency holders to participate in investment opportunities. Cross-chain transactions will encourage collaboration between various interested parties. This means that assets can be transferred freely in a decentralized manner. Although the number of ICOs that describe technology in financial networks has increased, cross-chain transactions remain a rather rare feature. Due to the fact that the crypto market is very vulnerable to the effects of currency fluctuations, the Vena Network will provide the possibility to delete certain cryptocurrency from the list. As follows from the context, Vena tokens will be involved in a number of operations including arbitration, node creation, service fees, etc. In addition, there are various support services aimed at promoting the use of Vena tokens, such as getting a higher level of collateral or discount fees. As announced by the team, Vena tokens must be registered at the end of 2018 followed by the release of the official Protocol in the second quarter of 2019.

(team core and advisors of vena)