Review on VENA by David Olayide

Name: VENA
Item: VENA
Rating: 4

April 25, 2021

VENA

So when we talk about cryptocurrency that is really innovative, them we are talking about projects that have an action plan and course of action. With a properly structured system an project will most likely succeed despite being confronted with challenges along the road to achieving it’s aims. We need projects that offer maximum decentralization today. 
It is no surprise that there is such a need for decentralization today. W have projects like Vena, that offer or make it possible to access decentralized collateral lending and OTC trading of cryptocurrency and fiat currency. While looking through why this project has to offer, I came across some interesting features that many cryptocurrency enthusiasts will surely like and want to engage with. Some of these include, multi-chain deployment and cross-chain asset transactions, a distributed jury network that works as the main transaction protection mechanism, and the fact that it can also be applied to fiat-to-cryptocurrency for example, ETH, BTC, loan and transactions. 

To attain to a degree of decentralization in management the project makes use of the Aragon software. To promote the liquidity of the Vena network, the Vena Node Network is there to handle that aspect. Vena node can use Vena SDK to customize and provide users with comprehensive transaction services. I believe that this project has potentials, and from it’s adequate structure I daresay you can expect much more.

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Pros