VENOM BLOCKCHAIN
Core Features
1min
The following section explores the core features of the Venom network.
- Dynamic sharding: The network's transaction throughput, efficiency, and capacity is increased by using dynamic sharding. This is a mechanism that splits a blockchain into smaller segments, called "shards." Transactions in these shards can then be processed in parallel by Validators. Based on demand, Shardchains are either split or merged. Doing so allows the network to quickly respond to increases in transaction volumes while remaining cost-efficient during periods with lower volumes. Sharding also helps the network handle large volumes without having to make compromises on speed, security, and decentralization.
- Consensus Protocol and Algorithm: Venom's consensus mechanism uses a hybrid protocol that combines Byzantine fault tolerance (BFT) algorithms with Proof-of-Stake (PoS). Validators are selected via PoS consensus who then validate and produce new blocks. The BTF algorithm ensures that the validators agree on the blockchain's state while protecting the network against attacks by malicious parties. The combination of BFT with PoS ensures fast finality, meaning that transactions are quickly and irreversibly confirmed.
- Asynchronous Architecture: Venom can be described as a "Blockchain of Blockchains" thanks to its asynchronous architecture. The network's architecture consists of three core layers, namely the Masterchain, Workchains, and Shardchains. The protocol is heterogeneous, allowing the different components of Venom to work jointly and to create a powerful, multi-layered blockchain network.
