Review on VENJOCOIN by francis fernandez

Name: VENJOCOIN
Item: VENJOCOIN
Rating: 4

October 20, 2020

VenjoCoin: platform for the commercialization and protection of virtual assets of important value

VenjoCoin is a digital portal based on blockchain technology for the exchange of virtual assets of significant value between consumers and providers through a decentralized and secure trade network.
Token use:
For the execution of operations on the VenjoCoin platform, it uses the VJC token. The total supply of this digital asset is 2,000,000,000. This is an ERC-20 type token hosted on the Ethereum blockchain that operates through a smart contract. Hence, it inherits security, trust and scalability from the Ethereum chain and the multifunctionality of its decentralized applications.
What technology does VenjoCoin use?
VenjoCoin uses a triple-level technology in its infrastructure:
Protocol Level: Allows a decentralized, participatory, monetizable commerce ecosystem through the ERC-20 token, use of multifunctional smart contracts, autonomy, open access logbook and sustainable security.
Technical level: It exercises control of the platform through the ERC-20 token, operates the operation and storage of the database, use of a multi-form system, BaaS function and API development. All of this enables reliable network performance.
Application level: It refers to the versatility of use of the application by the user. The user can use VenjoCoin through his DAPP, his web browser, allowing him to be connected to his wallet, stay informed and market his assets on the network.
Audit:
VenjoCoin is a platform that operates under open source. Due to this, it is possible to validate the information contained in your general ledger to verify the history of your transactions and the fidelity of your data in real time; this at the same time increases the scalability of the network to execute transactions at the lowest cost.
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Pros

It is an open source system that allows anyone to know its infrastructure and operation.
Allows you to access your general ledger to validate the authenticity of their historical transactions.
It allows its users to have autonomy over the ownership of digital assets.
It serves as an economic ecosystem for the exchange of high-value virtual assets.

Cons