Venom employs a hybrid consensus mechanism approach that includes both Proof of Stake (PoS) and Byzantine fault tolerance (BFT) algorithms. With PoS, transaction validators are required to stake a portion of their assets, which then enables them to participate. The higher the stake, the higher the probability that the validator will create a follow-up block.

The BFT algorithm ensures that the validators agree on the true version of the Venom blockchain following a round of voting. For this to happen, at least two-thirds of the validators need to agree.

Using both PoS and BFT consensus algorithms also adds to the speed of transaction validation and contributes to fast network verification.

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