VENOM BLOCKCHAIN

The Venom blockchain is a Turing-complete proof-of-stake blockchain that employs the Byzantium Fault Tolerance consensus algorithm for block validation and creation, as well as network security. It is a decentralised network built on new technology that provides fast, secure, and scalable solutions for a variety of sectors.

The four key characteristics of the technology—speed, decentralisation, transparency, and security—are the foundation for financial inclusion, digital identification, and the protection of private information. This will increase security and accessibility while improving efficiency and accessibility.

Some of the advantages and USPs of venom and its ecosystem are listed below:

• Scalability: Venom Blockchain is designed to handle a high volume of transactions, making it an ideal solution for industries that require fast and reliable transactions. With its scalable architecture via dynamic sharding and horizontal scalability, the network adapts to changes in load by splitting or merging shard chains as needed, improving overall performance and achieving high transaction throughput.

• Security: Venom Blockchain is made to be extremely safe. To guarantee that all transactions are safe and impenetrable, the platform makes use of cutting-edge consensus techniques (PoS consensus based on the Byzantine and fault-tolerant consensus algorithm) and distributed network architecture.

• Regulation: Venom Blockchain is the perfect answer for sectors that demand rigorous adherence to regulatory criteria because it is built to comply with a variety of regulatory requirements. Regulators may monitor and enact compliance using Venom Blockchain's transparent and auditable platform. Venom Foundation is the first blockchain business in the world to receive an ADGM licence, establishing confidence among its users.

• Adoption: Venom Blockchain has made it simple for businesses to use blockchain technology, take advantage of its advantages, and improve their operations and competitiveness. This is due to the protocol's compliance with legal requirements in a safe setting for individual users, organisations, and governments.

• Interoperability: Venom is an interoperable protocol that is designed to function in tandem with other blockchain solutions. This is accomplished using the blockchain's cross-chain communication protocol, which ensures compatibility between work chains. This enables the interchange of data, assets, and value across task chains in the ecosystem without the use of third-party bridges.

• Community-Driven: Venom is based on a vibrant user and developer community. The Venom environment is devoted to being the best it can be by this community. Venom is entirely decentralised, and no one entity has complete control over the network. Users now have total control over their resources and data.