Deepika- Venom Blockchain is a turing-complete proof-of-stake blockchain designed by the Venom Foundation
- The platform is set to launch testnet for developers and users to provide them the opportunity to fully experience the blockchain network
Blockchains are modern-day technologies that are decentralized in nature and based on distributed-ledger databases. With their fast adoption, we have seen many platforms come up with advanced blockchain solutions to create a wave in the digital ecosystem.
One such platform is Venom, which has a multi-blockchain network to effectively speed up the process of blockchain systems. It has dynamic sharding to increase the number of transactions throughout and an asynchronous architecture to achieve scalability. Its ecosystem is divided into many blockchain networks.
Venom Blockchain: A Multi-Blockchain Network
Venom Blockchain is a Proof-of-Stake consensus mechanism-based blockchain developed by the Venom Foundation. Venom Foundation is the world’s first blockchain company that has a license from Abu Dhabi Global Market (ADGM), which makes it legitimate in nature.
The platform has made it easy for businesses to leverage its blockchain functionality in their daily business operations. It provides interoperability for the users so that they can work seamlessly with other blockchain solutions. Due to its advanced solutions, it can handle a high volume of transactions.
It is based on a Threaded virtual Machine (TVM), which makes it unique in nature. Due to TVM, it can execute smart contract code, which helps the developers make decentralized applications (dApps). Besides these, it also offers smart contract upgradability, initialization, and the Actor model for concurrent computation.
Testnet Launch By The Platform
The platform is set to launch a testnet with the purpose of allowing users and developers to fully experience its blockchain system. The developers can test and debug dApps and blockchain protocols, while the users can experience the application designed by the developers.
The company believes that it will encourage innovation and community building within the ecosystem. The testnet will include a variety of dApps that are native to the Venom Ecosystem, such as Venom Scan, Venom Wallet, and many others. There are also many Dapps that have been developed by external projects and partners.
To explore the variety of dApps, users have to install the Venom wallet from the Google Chrome Extension or through the Google Play Store. They can also start the journey of testing the ecosystem by claiming testnet VENOM tokens. In addition to this, the platform has designed a series of social and on-chain tasks.
These social and on-chain tasks will provide users with an experience of what the Venom blockchain Dapps have to offer. Coming to the developers part, the testnet is designed in such a way that they can build dApps with the help of its unique features, such as asynchronous architecture and dynamic sharding.
The platform has offered a collection of developer documents to further assist developers. These publications include a few nuggets of information about how the platform operates and how you can participate in the ecosystem. The documents also include the essential tools for developing dApps.
Conclusion
In a nutshell, the Venom Foundation is excited to launch its testnet. While giving consumers and developers a tremendous opportunity to explore everything the platform has to offer. It will assist the platform in creating the ecosystem’s community, which is essential for sustainability and long-term growth.
