Vena offers advanced version of smart contract

Issues with modern smart contracts

It is completely clear that Ethereum blockchain does not develop very fast right now, but it remains a great basis for some external projects. Even in terms, when basic smart contracts are not progressing, there are several solutions that working on improvement of smart contract technology. Vena Network seems to be the most successful of them, because its team managed to define existing and possible issues and find several tools that would be able to eliminate them. 

If you are fond of blockchain, you should mention that smart contacts are used by scammers. It was hard to imagine such event several month ago, but today hackers seem to find a vulnerability, which makes usage of smart-contracts not so safe. Fortunately for Vena Network users, Vena has unique Kernel, which is capable of brand new way of verifying the signatures. By the way, you should not worry about the cost of transactions with such level of protection, because gas is the only thing you need to pay for. 

Another great feature of Vena network is Time locking. If you have ever come across the exchange, you may see tons of tickets and offer, which would never be confirmed. System uses its resources to create such transaction and then to store data about it within its own database. Such actions may pollute database and slow the work and performance of entire ecosystem, so Vena Time locking is extremely useful feature. To find out the occasions, when Time Locking should be used, you have to read corresponding part of Vena White Paper. 

Wide list of capabilities

Previously you needed to interact with the platform administration to cancel the smart contract, but this way of cancelling is not considered as convenient by most of the users. You may wonder why Vena Network Team pays so much attention to this issue. The reason is simple: Vena does care about its clients, so Vena does not want them to waste gas. In cases when creator of contact tries to cancel it and when contact consumer tries to use this contact once again simultaneously, they both get message about failed transaction. In bad cases, it may happen that the same transaction will be performed enormous amount of times, so the consumer will need to waste a lot of time proving that mistakes were made. 

One more feature of Vena smart contacts is related to smart contract expiration. In current terms, people, who use Ethereum smart contracts, are not able to set the expiration date on their own, because the expiration date depends on the exact time, when miner manages to execute function. Such approach is not so comfortable just because participating parties are not able to make any changes, they just do not have enough time for this action. Vena Network Team had found a very sophisticated solution, which could be checked by you during the reading of Vena WP. 

As you see, when most of projects try to say that they are able to solve issues, Vena Network could explain how all these issues will be solved. It is reliable investing option, so do not miss your chance to get some Vena Tokens!

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

Author: https://bitcointalk.org/index.php?action=profile;u=1351292
Author ЕТН: 0x5Cd2bE47A0979abdd30835eF6c9d515aC2167b2B