Vena.network will rebuild the principle of financial industry

With the emergence of Blockchain technology, it became clear how unstable and insecure the current financial system was. The financial crises of the past years have revealed how fragile the financial system seems to be. Recently, the failure of the countries and the deteriorating financial structure of some countries led the countries to make financial reforms in this regard.

In addition, banks that provide people with the financial resources they need as loans provide high interest rates. Moreover, the fact that the interest rates in different countries are different from each other leaves consumers in a difficult situation. While the interest rates are quite low in the countries with financial structure like Europe, they are quite high in the countries struggling with financial crisis. Citizens, who already live in a difficult financial order and need loans to close their debts, are crushed by the banks' high interest pressure.

In existing blockchain systems there are technologies that can give credit to customers. However, the fact that these systems are still centripetal and they do not protect users in the threat of attack makes these platforms very dangerous. This system, which is based on the approval of the transaction in case of approval of the other party as a result of the transaction between the parties, brings with it many problems. The fact that these crypto markets are in the hands of people brings about price manipulation. Furthermore, because of the small number of exchanges in which credit transactions can be made, the users have to pay high fees.

Vena set out to oppose the existing credit system and the cumbersome financial system and to establish a system where users could transfer assets as one to one. With Vena Network, users can create their own credit systems by creating certain conditions. Users can use the contracts later in other contracts and they can also use other loans as collateral.

Vena Protocol financial analysts inspect each transaction one by one in case the creditors cannot collect their money after the transactions started with the Vena Protocol. In case the transaction risk ratio is low and the asset changes are mutually harmless, Vena Protocol experts can approve the transactions and initiate transactions. In this way, a transparent and secure environment is created in crypto-money technology which is already open to high volatility and manipulation.

In order to improve the Vena ecosystem, the Vena team will give Vena Node titles to the organizations that have fulfilled the requirements within the current laws. Organizations involved in this node system must ensure the sustainability of the current system while providing approval for the transfer transactions to be performed.

In addition, the people who are selected from within the Vena community are later elected as members of the Vena Juri. These members intervene in case of any disruption in the transactions between the individuals and ensure that the parties terminate their transaction successfully.

As a result ;
Vena Network system, which eliminates intermediaries between borrowers and lenders, enables all parties of the system such as Author of Contract, Relayer, Appraiser to perform profitable transactions. Vena Network is a project that has proven its success with its competitors in terms of security, measurability, intelligent contract system, data security of users and realizing projects that are rooted in projects like Evx and Salt. You can examine this successful project with the features mentioned above, from the following social media channels and benefit from the advantages of early investment

Detailed Information
Vena Network website - http://vena.network/en
Telegram - https://t.me/vena_network
Whitepaper: http://whitepaper-en.vena.network/

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