#Venom is a multi-blockchain network that forms the basis for scalable Web3 applications in the DeFi and Global Payments markets. #Blockchain provides the best operational scalability solution and economical scalability.

Venom architecture is designed as a heterogeneous multi-blockchain platform with dynamic sharding. Venom mainchain is the layer-0 blockchain responsible for coordinating all protocol entities such as work chains and shard chains. Masterchain stores state, network configuration, information about a set of validators, their stakes and election rounds. Venom supports up to 2^32 threads.

Venom provides a virtual machine that executes smart contract code on the Venom blockchain. Turing is a complete virtual machine. Smart contracts in Venom provide new, more flexible and controlled flow over the execution of application logic. Venom has election mechanics for validator truncation that use a group of different task validators from the global set of validators that generate blocks for the Shardchain, ensuring reasonable decentralization.

Venom is designed as a distributed computing system with the opportunity for scalability through infinite sharding. This means that Venom can share tasks between groups of validator nodes, called a “validator task group”, depending on the load, and some of the tasks do not need to wait for other tasks to complete.

By design, Venom has an asynchronous communication model between smart contracts. This is due to the need to maintain calls between contracts located in different shards, processed by different groups of validator tasks. In this way, each smart contract has only one way to influence the state of another account by sending a message, the result of its execution will be a transaction. The execution order of the outgoing message queue is guaranteed.

The Venom Foundation's main priority of developing and supporting a self-sufficient blockchain ecosystem has led developers to create several projects:

  • VenomWallet (non-custodial wallet with multisig option and ledger support)

  • VenomScan (to access transaction history)

  • VenomGet (an easy gateway)

  • VenomBridge (allows cross-chain transactions)

  • VenomPools (to get stake in validator nodes)

  • Web3.World (local decentralized exchange).