Venom Foundation Official

2023-07-25 17:00:49  Milestone Reached: 1 Million Wallets on Venom Blockchain

We are overjoyed to celebrate a major milestone in our journey – the creation of over 1 million wallets on the Venom blockchain!

A heartfelt thank you to our incredible community for your unwavering support and trust - together, we're shaping the future of blockchain!

Deep dive into our latest Testnet Recap here: https://medium.com/@Venom_network_/revolutionizing-blockchain-venom-testnets-third-month-of-progress-and-developments-e18237fefd7 Buka / Bagaimana

2023-07-11 19:48:46 Understanding Block Generation in Blockchain Networks

In a blockchain network, the process of creating and validating new blocks is a key element to ensure network stability and security. This process is known as 'Block Generation'.

During block generation rounds, a validator executes the consensus algorithm. The result of this process is the election of a block, which is then committed to the blockchain, ensuring the integrity and immutability of the network.

To delve deeper into how block generation and consensus mechanisms work in the Venom network, head over to our documentation here:
https://docs.venom.foundation/learn/consensus/#block-generation Buka / Bagaimana

2023-07-07 17:37:23 Venom Foundation's Mission to Onboard a Billion Users onto Blockchain by 2026

Venom Foundation is on a mission to be the first in onboarding a billion users onto the blockchain and transform the financial landscape before 2026.

Here, we'll explore the three key pillars that drive this vision.

1. User Onboarding:

Venom is shaping the future of finance through partnerships with governments and institutions to launch stablecoins, tokenised assets and other initiatives. VenomAfrica hub is the first step towards this commitment.

Read more:
https://cointelegraph.com/news/kenya-partners-with-abu-dhabi-s-venom-foundation-to-build-blockchain-web3-hub

2. Security & Compliance:
Venom proudly operates under the license of ADGM, therefore a secure and compliant ecosystem for global developers and users is ensured. Powered by Venom's Layer 0 blockchain, utilizing dynamic sharding.

Learn more about sharding: https://medium.com/@Venom_network_/dynamic-sharding-scaling-the-venom-blockchain-for-enhanced-performance-and-efficiency-8f9986ceca4f

3. Funding & Management:
To accelerate the Venom's ecosystem growth, the $1B VenomVentures fund was established. Managed by Peter Knez, former CIO of BlackRock

Read more on it here:
https://cointelegraph.com/news/abu-dhabi-based-venom-foundation-launches-1b-fund-for-web3-and-blockchain

Experience the Venom ecosystem and discover the benefits of VenomTestnet as you test innovative dApps, participating in the future of finance.

Building a more inclusive, accessible, and secure financial system, for all.

For more information:
https://venom.network/ Buka / Bagaimana

2023-06-29 13:18:00 Gravix Officially Launches on VenomTestnet

We are excited to announce that Gravix, your next-generation decentralized trading platform, is now live on the Venom Testnet!

Gravix is a decentralized trading platform that allows users to trade cryptocurrencies, stocks and forex with leverage via long and short positions.

Begin your journey on Gravix today: https://venom.network

Please note, to complete Gravix tasks, you will need to have a minimum of 1 USDT. You can easily acquire this on https://testnet.web3.world/swap. Buka / Bagaimana

2023-06-28 12:22:30 We can proudly say that the Network has successfully been updated.

Here are some things to be aware of:

Please note that some users may still encounter occasional issues that could impact their testnet experience.

We kindly request your patience as we continue to enhance and optimize the testnet environment.

To ensure uninterrupted functionality, it is crucial for all users, regardless of their platform, to update their Venom wallet.

Please follow the instructions below based on your device:

For mobile users (App Store/Google Play), please visit your respective app store, download and install the latest version of Venom Wallet, and then launch the app to enjoy the improved testnet experience.

For Chrome users, please ensure that you have the latest version of Venom Wallet installed from the Chrome Web Store and promptly install any available updates, then close and reopen Google Chrome to activate the changes.

We appreciate your continued support in helping us better the network. Buka / Bagaimana

2023-06-26 21:41:41 We have a significant network upgrade planned.

Please be informed that scheduled maintenance will take place tomorrow. During this update, our Testnet will be temporarily offline for approximately 24 hours. This downtime is necessary to ensure a smooth transition and to implement the necessary improvements.

Stay tuned for further updates as we continue to improve our protocol and the Venom ecosystem! Buka / Bagaimana

2023-06-20 19:31:33 Introducing the Venom Blockchain Launch Roadmap

We're excited to share our launch roadmap, where we embark on a journey of decentralized innovation and community-driven governance. Here's a brief overview:

Stage 0: PoA Launch
We're currently establishing a robust foundation through Proof of Authority (PoA). During this stage, participants can create accounts, hold and transfer tokens, stake to validators, and deploy smart contracts and dApps.

Stage 1: PoS and Governance
Next, we'll transition to Proof of Stake (PoS), empowering our community to elect validators and shape the network's future through proposing and voting on network upgrades.

Stage 2: Workchains and Interoperability
Our final stage introduces a workchain framework for developers to create custom workchains and leverage cross-workchain communication, fostering collaboration and innovation.

For more insights, check our whitepaper:
https://venom.foundation/Venom_Whitepaper.pdf Buka / Bagaimana

2023-06-01 19:30:04 Venom Ecosystem Contribution Program - Launched

We are excited to introduce the Venom Ecosystem Contribution Program, now in its beta phase. We're starting with a limited group of passionate individuals who have already made significant contributions to our Venom community, and we highly value their dedication.

We invite 1,000 ambassadors to join the Venom Ecosystem Contributions Program, offering you an incredible opportunity to be part of an exciting venture. If you have already contributed to our community, your efforts will be given utmost consideration for the program.

Don't miss out on this chance to make a difference!

Read more: https://medium.com/@Venom_network_/venom-ecosystem-contributor-program-unleashing-the-power-of-the-collective-e59465e7786c Buka / Bagaimana

2023-05-24 20:11:54 We're thrilled to publish a comprehensive Medium article covering the past month of our testnet journey!

Gain valuable insights, updates, and key highlights from our progress. Dive into the article here: https://medium.com/@Venom_network_/venom-testnet-one-month-of-astounding-growth-ecosystem-upgrades-and-more-45438c804759 Buka / Bagaimana

2023-05-22 13:18:15 We are thrilled to announce the launch of SNIPA on the Venom testnet!

SNIPA is an advanced DeFi portfolio tracker that allows you to manage and view your assets from DEXes, bridges, governance platforms, staking pools, and your wallet, all within one interface.

Explore SNIPA today at https://venom.network/ Buka / Bagaimana