Workchains
Venom's Workchains are Layer-1 blockchains that are secured by the Masterchain and can serve various purposes. Workchains are designed to be capable of supporting a variety of use cases and applications ranging from finance-based payment markets, DeFi dApps, NFTs, CBDC stablecoins, Gaming apps, as well as Metaverse ecosystems.
An example of a Workchain is Venom's Basechain. The Basechain is a Layer-1 Workchain designed to host dApps (decentralized applications) and to be used by developers, builders, and users.
By utilizing Workchains, Venom can build separate Layer-1 blockchains based on the requirements of the end user's industries and their individual security, privacy, and compliance needs. As a result, Workchains are hosted on the same Layer-0 blockchain (i.e. the Masterchain) but can have very different settings and customizations, giving them a great level of flexibility to adhere to industry-specific requirements.
The Venom Masterchain can support as many as 2^32 Workchains.
Venom's cross-chain communication protocol allows Workchains to transfer data, assets, and value between each other in a secure and trustless manner. The interoperability between Workchains is enabled without having to rely on third-party services such as bridges.
Interoperability between private and public blockchains opens up new and innovative use cases for industries that require the functionalities of both layers. This is made possible by Venom's cross-chain communication protocol that can bridge heterogeneous chains.
The following combinations of interoperable Workchains are possible:
- Public-to-Public Workchains: DeFi applications that require transparent communication with each other.
- Private-to-Private Workchains: CBDCs and payment solutions requiring both privacy and compliance.
- Public-to-Private Workchains: Use cases requiring both privacy and compliance while being able to provide transparency and general access to public networks.
