Venom is a multi-blockchain network that serves as a foundation for scalable Web3 applications in the DeFi and Global Payments markets. Venom architecture is designed as a heterogeneous multi-blockchain platform with dynamic sharding. Venom masterchain is layer-0 blockchain, which is responsible for coordinating all the protocol entities such as workchains and shardchains. The masterchain state stores the network configuration, information about a set of validators, their stakes, and election rounds. Venom supports up to 2^32 workchains.
Venom provides a virtual machine that executes smart contract code on the Venom blockchain. It is the Turing complete virtual machine. Smart contracts in Venom give new, more flexible, and controlled flow over the execution of application logic. In Venom there are election mechanics for validator slashing, using a group of different task validators from the global validators set producing blocks for Shardchain, and guaranteeing decent decentralization.
Venom is designed as a distributed computing system with a scalability opportunity through infinity sharding. This means that Venom can share tasks between groups of validator nodes called “a validator task group” depending on the load, and one part of the tasks doesn’t need to wait for other tasks to be completed. Venom by design has an asynchronous model of communication between smart contracts. This is because of the need to maintain calls between contracts located in different shards, processed by different validator task groups. In this way each smart contract has the only way to affect the state of some other account by sending a message, the result of its execution of it will be a transaction. The order of execution of the outbound messages queue is guaranteed.
Venom is a versatile and innovative blockchain that offers a range of use cases across various industries such as DAOs, SocialFi, DeFi, CBDCs, DID, TradeFi, and GameFi. It aims to build a blockchain that will function as the main infrastructure for a global ecosystem of Web3 applications, possessing ultra-fast transaction speeds and infinite scalability to meet the demands of an ever-expanding user base.
$VENOM is the native utility PoS token of Venom network that is applied for payments, fees, staking, governance, and rewards. VENOM token has several advantages that make it an attractive investment opportunity:
Scarcity: VENOM has a fixed total supply of 10 billion tokens, which means that there will be no inflation or dilution of its value over time. Moreover, VENOM has a zero emission policy, meaning that it does not produce any harmful greenhouse gases.
Utility: VENOM is used to pay for transactions and smart contract executions on the Venom network. It is also used to stake on validator nodes and participate in governance decisions. Additionally, VENOM can be used to access various services and products on the Venom ecosystem, such as VenomWallet, VenomScan, VenomGet, VenomBridge, VenomPools, Web3.World, and more.
Demand: VENOM has a high demand due to its wide range of use cases and applications on the Venom network and ecosystem. As more users and developers join the Venom community and build Web3 applications on its platform, the demand for VENOM will increase accordingly.
Growth: VENOM has a high growth potential due to its innovative technology and strong team behind it. Venom is constantly developing new features and improvements to enhance its performance and user experience. Venom also has many partners and investors who support its vision and mission. Furthermore, Venom has ambitious plans to expand its reach and adoption in various markets and regions.
VENOM token is a valuable asset that represents the power and potential of Venom network and ecosystem. By investing in VENOM token, you can benefit from its scarcity, utility, demand, and growth factors. You can also support the development and adoption of Web3 applications that can transform various industries and sectors. VENOM token is more than just a cryptocurrency; it is a symbol of innovation and progress.
