The Venom blockchain is a Turing-complete proof-of-stake blockchain that uses the Byzantium Fault Tolerance consensus algorithm for block validation and creation as well as the security of the network. It is a decentralized network built on innovative technology that provides fast, secure, and scalable solutions for various industries.
The core feature of the technology is speed, decentralization, transparency, and security, which are the recipes of financial inclusion, digital identity, and personal data protection. This will boost efficiency and accessibility while reducing censorship and increasing security.
Here are some of the Benefits & USPs of Venom & its Ecosystem:

If you’re still on the fence about building on Venom, below are a few of our features that might convince you:

• 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 designed to be highly secure. The platform uses advanced consensus mechanisms (PoS consensus based on the Byzantine and fault-tolerant consensus algorithm) and distributed network structure to ensure that all transactions are secure and tamper-proof.
• Regulation: Venom Blockchain is designed to comply with various regulatory requirements, making it an ideal solution for industries that require strict adherence to regulatory guidelines. Venom Blockchain provides a transparent and auditable platform that enables regulators to monitor and enforce compliance. Venom Foundation is the world’s first blockchain company to be licensed under the Abu Dhabi Global Market (ADGM), ensuring trust among its blockchain users.
• Adoption: Venom Blockchain has made it easy for industries to adopt blockchain technology and leverage its benefits to improve their operations and enhance their competitive edge. This is because the protocol adheres to legal regulations in a secure environment for individual users, institutions, and governments.
• Interoperability: Venom is an interoperable protocol that is designed to work seamlessly with other blockchain solutions. The blockchain achieves this through its cross-chain communication protocol that maintains interoperability between work chains. This allows for the exchange of data, assets, and value between work chains in the ecosystem without third-party bridges.
• Community Driven: Venom is built on a strong community of users and developers. This community is committed to making the Venom ecosystem the best it can be. Venom is fully decentralized, with no single entity controlling the network. This gives users complete control over their assets and data.

Getting Started with the Venom Ecosystem

If you are interested in getting started with the Venom ecosystem, there are a few things you need to do:

First, you need to create a Venom wallet. You can do this by downloading the Venom wallet app or by creating a wallet on the Venom website.

Once you have created a wallet, you need to deposit some Venom tokens. You can do this by buying Venom tokens on an exchange or by mining Venom tokens.
Once you have some Venom tokens, you can start exploring the dapps on the Venom ecosystem.

Dapps on Venom

The Venom ecosystem is home to a growing number of dapps, or decentralized applications. These dapps include DeFi, SocialFi, DAOs, CBDC, D-I-D, GameFi, and TradFi applications. Here are some Dapps that are currently live on Venom:

• Venom Wallet — the native non-custodial multiasset wallet of the Venom platform allows users to securely store, send, and receive $Venom and other digital assets. It features an intuitive user interface and enables users to manage their assets easily.
• Venom Scanner — Similar to Etherscan, it is an explorer that allows users to track transactions and monitor the status of their transfers on the network. It provides real-time data on block production, transaction confirmation times, and other key metrics
• Venom Pools — This is the staking interface of the Venom protocol. This allows users to stake their $Venom tokens and earn rewards for helping to secure the network.
• Venom Bridge — The cross-chain platform enabling seamless asset transfer between blockchain networks.
• Web3World — This is a decentralized exchange that allows users to trade digital assets without the need for intermediaries.
• Oasis.Gallery — An NFT Marketplace powered by the Venom blockchain. This is the platform for buying, selling, and trading non-fungible tokens (NFTs) on the Venom blockchain.
• VenomPad — A launchpad powered by Venom blockchain featuring innovative projects.
• Snipa Finance (Newly Launched) — A DeFi portfolio tracker designed for users to manage their assets.

Each of these applications was created by independent teams participating in the developer programs, showcasing the potential for developing solutions on the Venom blockchain and this isn’t it, we are actively partnering with esteemed projects to expand our ecosystem, and the next dApp we’re onboarding is NUMI, a universal metaverse platform.
We have plans to expand our offerings to include GameFi and SocialFi dApps and here’s a sneak peek of what’s to come:

Venom Testnet

The Venom Testnet was launched on April 25, 2023, and has been running successfully since then. The testnet has been used by over 200,000 users to create wallets and provide feedback. The feedback from the testnet so far has been very positive, and the Venom team has been working hard to address any issues that have been raised.
The Venom Testnet will continue to run until the mainnet launch, which is scheduled for later this year. The mainnet launch will mark the official launch of the Venom Ecosystem, and will open up the ecosystem to the wider public.
If you are interested in participating in the Venom Testnet, you can find more information on the Venom website. The Venom Testnet is still ongoing, and we have more exciting dApps coming your way. Check it out if you haven’t already, and stay tuned for updates!
We are excited to see what the future holds for Venom, and we are confident that we can achieve great things together.
Join our community and let’s BUIDL together!
To find out more about Venom, check out the links below:
Website: https://venom.foundation/
Testnet: https://venom.network/
Whitepaper: https://venom.foundation/Venom_Whitepaper.pdf
Documentation: https://docs.venom.foundation/
Twitter: https://twitter.com/Venom_India_
Telegram: https://t.me/VenomIndiaChat