The Venom Foundation has announced the release of its public testnet, marking a significant step towards the launch of its full-scale blockchain network. The testnet will allow developers and users to experiment with the Venom blockchain and provide critical feedback to ensure its scalability, security, and functionality. This announcement has generated buzz within the blockchain community, as Venom aims to be a game-changer in the industry with its novel consensus mechanism and integration with Polkadot. The release of the public testnet is a crucial milestone in the journey towards the launch of the Venom mainnet, which is expected to occur later this year.
Venom Launches Public Testnet towards Mainnet Launch in Abu Dhabi
Abu Dhabi-based blockchain, Venom has announced the official release of its public Testnet. The Layer-1 blockchain, licensed by the Abu Dhabi Global Market (ADGM), has unveiled several decentralized applications (dApps) forming a part of its growing ecosystem, marking a significant milestone in Venom’s roadmap as it prepares to launch on mainnet.
The Testnet design is geared towards both ecosystem developers and users. This allows developers to test and debug dApps and blockchain protocols while allowing users to experience these dApps firsthand. The aim of the program is to incentivize innovation and community building.
To get started with the Testnet, developers, and users can download Venom Wallet on mobile through the Apple App Store or Google Play Store, or on the desktop via the Google Chrome extension. Users can then claim a free Testnet allocation to jumpstart their journey of testing Venom’s ecosystem.
According to Peter Knez, Chair of the Venom Foundation Council, “We’re excited to announce the launch of Venom’s public Testnet, a crucial step towards our upcoming mainnet launch. With our highly scalable and reliable asynchronous blockchain, we’re confident that developers will be able to build innovative dApps, while users will be able to experience them firsthand”.
Venom boasts an ultra-fast speed at 100k TPS and a dynamic sharding feature that enhances scalability and network reliability, allowing developers to test their coding skills on the asynchronous Venom blockchain. With a repository of developer documentation, developers can start building on the platform.
Venom’s network boosts interoperability, making it a viable tool for developers, while its low transaction fees make it user-friendly for global adoption.
As part of the launch, Venom has made available several dApps comprising:
– Venom Wallet
– Venom Scan
– Venom Bridge
– Venom Stake
– NFT Mint
Venom Foundation is positioned to enable the acceleration of global Web3 projects. Its decentralized network operates under the jurisdiction of the Abu Dhabi Global Market (ADGM), an oasis for investors and financial services firms, making Venom the world’s first compliant blockchain. The foundation harbors the potential to function as the main infrastructure for a global ecosystem of Web3 applications.
In summary, Venom Testnet Launch marks a significant milestone in the blockchain’s roadmap towards its mainnet launch. With several in-house developed dApps and protocols available, developers’ skills can be put to the test on the Venom blockchain. Its low transaction fees and high scalability make it a user-friendly and developer-friendly blockchain, and its potential to become the underlying infrastructure for a global ecosystem of Web3 applications is enormous.