VENOM BLOCKCHAIN
Core Features
Scalability, Security, and Costs
2min
The rising popularity of blockchain-based technology and applications powered by smart contracts has highlighted the pain points most blockchains and protocols are confronted with.
- Scalability: Most present-day blockchain solutions are unable to scale linearly as demand and workload increase. This drawback limits the real-world adoption of blockchain technology and increases transaction costs significantly.
- Security and stability: Decentralization is a key aspect of the security of blockchains. As such, protocol developers need to design attack-resistant networks, attract genuine validators, and define attractive incentive structures to ensure honest behavior in the network as well as to disincentivize manipulation.
- Costs: Existing blockchains make users compete for computing resources, leading to high costs for interacting with the chain. However, in order to facilitate the widespread adoption of decentralized ledger technology, low-cost structures are needed.
Venom solves the aforementioned challenges by designing the architecture of the Venom blockchain with scalability, security, and low transaction costs in mind. As such, Venom is a heterogeneous blockchain whose multiple layers are all working asynchronously to provide an architecture that is ideal for real-world business use cases and retail applications.