[New Coin] 1 VENOM = $0.138 USD - What are its platforms that are user-friendly for developers?

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Venom Blockchain employs a heterogeneous multi-blockchain architecture. Recent market analysis suggests positive momentum, indicated by the emergence of a Bullish PinBar pattern. Furthermore, the network's capacity to dynamically adjust the number of shards based on demand distinguishes it from blockchains with fixed sharding mechanisms.

The appearance of a positive ADX-DI signal further supports observed market trends. A unique feature of the Venom network is its dynamic sharding capability, allowing it to scale efficiently by adapting the number of shards to current network load. This contrasts with static or non-sharded blockchain designs.

Venom Blockchain is focused on developing fundamental infrastructure, fostering the growth of new projects, and establishing platforms that are user-friendly for developers. The overall aim is to create a robust and scalable ecosystem for various Web3 applications.

About Venom Blockchain (VENOM)

Venom Blockchain (VENOM) positions itself as a high-performance Layer-0 and Layer-1 network designed for scalability and speed, aiming to support Web3 applications, particularly in DeFi and global payments. It operates as a heterogeneous multi-blockchain platform, utilizing a unique architecture that distinguishes it from many existing blockchains.

A key feature of Venom is its dynamic sharding mechanism. Unlike static sharding, where the number of shards is fixed, Venom's network can dynamically adjust the number of shards based on network demand, theoretically scaling up to $2^{60}$ shards. This adaptability aims to provide near-infinite scalability and a high transaction throughput, reportedly capable of reaching 100,000 transactions per second (TPS). This dynamic approach contrasts with blockchains that have fixed sharding or do not implement sharding at all.

Venom employs a hybrid consensus mechanism, combining Proof of Stake (PoS) with Byzantine Fault Tolerance (BFT). This aims to provide both energy efficiency through PoS and a high degree of security and finality through BFT. Validators on the network stake their VENOM tokens to participate in the consensus process. The BFT algorithm ensures that a transaction is considered final after a single round of voting by at least two-thirds of the validators. This differs from Proof-of-Work (PoW) systems that require extensive computational power and have probabilistic finality.

The blockchain's architecture is asynchronous, meaning its core components – the Masterchain, Workchains, and Shardchains – can operate independently and simultaneously. The Masterchain coordinates the network, while Workchains are customizable Layer-1 blockchains, and Shardchains handle transaction processing within each Workchain. This asynchronous design is intended to enhance transaction processing speed and overall efficiency by allowing parallel operations.

Furthermore, Venom features a Threaded Virtual Machine (TVM), a Turing-complete machine for executing smart contracts. The TVM utilizes an actor model, isolating and parallelizing account interactions to enhance efficiency and support dynamic sharding. Account abstraction is another notable feature, allowing developers to define account behavior through smart contracts, providing greater flexibility compared to externally owned accounts prevalent in some other blockchains.

The VENOM token serves multiple utilities within the ecosystem, including payment for transaction fees, participation in governance through staking, and incentivizing validators. The Venom Foundation, based in the Abu Dhabi Global Market (ADGM), oversees the development and adoption of the Venom Blockchain, focusing on building essential infrastructure, supporting new projects, and creating developer-friendly platforms. The foundation emphasizes regulatory compliance and aims to facilitate the transition of governments and corporations to Web3 technologies, particularly in the Middle East and North Africa.

Disclaimer: This information is for general awareness only and not financial advice; investing in crypto and financial markets is risky, so do thorough research and consult a financial advisor before making decisions.

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