Users pay "gas" in VENOM to execute transactions. Staking VENOM in "DePools" secures the network via a Proof-of-Stake (PoS) mechanism, rewarding participants with passive income.
Through a partnership with Iceberg Capital, the Venom Ventures Fund has allocated $1 billion to support Web3 protocols and decentralized applications (dApps), particularly those focused on payments and asset management. WIB3X - Venom
Venom is notably the first Layer-1 blockchain to be licensed by the Abu Dhabi Global Market (ADGM), providing a legal framework that appeals to governments and financial institutions. Users pay "gas" in VENOM to execute transactions
At its core, Venom is designed for massive throughput, capable of handling over 100,000 transactions per second (TPS) with sub-3-second finality. This is achieved through several key innovations: Venom is notably the first Layer-1 blockchain to
Unlike static networks, Venom can split or merge shardchains based on real-time network load, ensuring that performance does not degrade during high-traffic periods.
Venom introduces its own token standards— TIP-3 for fungible tokens (similar to ERC-20) and TIP-4 for NFTs—ensuring a native, optimized experience for developers. 3. Institutional Strategy and Compliance