The Road to Venom Mainnet: 10 Days to Go
Venom Foundation is approaching a major milestone on March 18 — the mainnet launch. With a series of strategic moves and tech upgrades, Venom is redefining the landscape of the digital asset industry. From shifting jurisdictions to embracing cutting-edge technology and fostering strategic partnerships, Venom has laid the groundwork for a groundbreaking mainnet launch.
A New Chapter Nears Its Culmination
Recently, Venom underwent a transformative phase by establishing a new foundation in the Cayman Islands. This strategic move signifies a leap forward, aligning Venom with the progressive regulatory framework of the Cayman Islands and the British Virgin Islands (BVI). By doing so, Venom reaffirms its commitment to providing secure, reliable, and innovative cryptocurrency services to its users worldwide.
Technological Upgrades for Mainnet Launch
As part of preparation for the mainnet launch, Venom has implemented significant technological upgrades. One notable advancement is the integration of mesh technology to enhance network scalability and resilience.
Mesh Tech
Mesh network facilitates communication between TVM-compatible networks, focusing on high-speed transaction processing, decentralization, guaranteed message delivery, asynchrony, and flexibility. It proposes protocol-embedded mechanisms for interchain communication, with adjustments to data structures, network configurations, virtual machine architecture, collation mechanisms, and economic models. Mesh tech addresses challenges such as network outages and ensures compatibility with varying network architectures. Its key benefits include:
- Empowering the creation of new networks with full control over gas and economics
- Preserves interoperability with other networks, including Venom
- Enables full utilization of applications within these networks (dApps)
Other Changes for Real Technical Perfection
In addition to implementing Mesh tech, Venom Foundation has made other minor and significant changes to achieve technical perfection, including improvements in dynamic sharding and asynchronous technology.
Polished Dynamic Sharding
The Venom blockchain implements dynamic sharding, splitting the execution of smart contracts into smaller threads processed by different validator groups simultaneously. This approach enhances scalability and efficiency by dynamically adjusting the number and size of shards to meet network demands. It ensures parallel transaction processing and optimal resource utilization. Split and merge events are triggered based on transaction volume, enabling the network to scale efficiently while maintaining security and immutability.
Asynchrony Tech
The Venom blockchain also incorporates asynchronous technology, ensuring that outages or disruptions in one network do not impact the operation of others. This asynchronous capability allows for independent transaction processing across different networks, maintaining overall network stability and performance. Additionally, asynchronous communication enables swift connection and disconnection of new networks. It facilitates efficient workload orchestration and enhances network flexibility.
These upgrades reflect Venom’s dedication to delivering a robust and efficient blockchain infrastructure.
Strategic Partnerships and Government Relations
Venom has actively engaged with governments and regulatory authorities to foster strategic partnerships. Venom Foundation is signing Memorandums of Understanding (MOUs) and will share details of these agreements soon. Venom is committed to establishing mutually beneficial relationships to support its mission of driving innovation in the digital asset space.
Onboarding Announcement for Early-Mainnet-Birds
In anticipation of the mainnet launch, we are initiating “Early-Mainnet-Birds” phase — a new onboarding process for ecosystem projects aimed at long-term growth with Venom. Through Memorandums of Understanding (MOUs) we offer the following pre-launch partnership benefits:
1. Social Media Exposure;
2. Community Engagement;
3. Direct Introduction to products from Venom ecosystem, such as Venom Wallet, Web3World, VenomBridge, Oasis Gallery, and Venom Stake;
4. Priority Tech Support.
You can apply by filling out the provided “Early-Mainnet-Birds” form.
Final Thoughts
The journey toward Venom Blockchain’s mainnet launch nears its culmination. Strategic decisions, technological advancements, and collaborative efforts mark it. With a renewed foundation, enhanced technology, and strategic partnerships, Venom is well-positioned to lead the digital asset industry into a new era of innovation and accessibility. As Venom persists in forging the path toward widespread adoption of blockchain technology, the future looks promising for the Venom ecosystem and its extensive community of users and partners.
