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Additionally, we’ll make sure you learn what the VEGA token is. As such, we’ll cover the basics of the VEGA crypto asset, including its tokenomics and utility.
Vega Protocol is a blockchain network designed to cater exclusively to crypto trading. Specifically, it is a protocol that allows other projects/individuals to create trading derivatives in a decentralized network.
So, what is Vega Protocol? Primarily, it is an L1 blockchain network – the Vega testnet and the Vega mainnet. However, it also refers to the entire Vega framework built by the protocol’s core contributors. The aforementioned project’s console is a great example. And so are Vega Wallet and the Vega Governance dapp.
In order to deliver on the above-outlined advantages, Vega Protocol outlines some key concepts that enable trading and creating derivatives on a fully decentralized network. They are as follows:
By successfully implementing the above-outlined concepts, Vega Protocol aims to be better than CeFi and to help DeFi mature.
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