📣 Venom Whitepaper Explained! 📣

Two weeks back we released the official Venom whitepaper, and now we've got a Medium article to make it even more accessible! 📖

Our article breaks down the whitepaper into digestible chunks, perfect for quick and easy understanding. Get up to speed on our plans to unlock the widespread adoption of blockchain technology!

📚 Check out the Medium article here: https://medium.com/@venom.foundation/understanding-the-venom-whitepaper-the-next-generation-blockchain-f85735a0d03d

📣 The Power of Venom's Actor Model 📣

Explore the Venom blockchain's utilization of the Actor Model for enhanced efficiency in distributed systems:

- Parallelism for better efficiency, and easier management of complex systems ⚙️

- Asynchronous communication to speed up contract execution and reduces network delays⚡️

- Dynamic sharding that allows contracts to execute in parallel for enhanced efficiency 🌐

💬 For questions and more info make sure to join our Discord server: https://discord.gg/venomfoundation

📣 Introducing Key Factors of Venom 📣

We're excited to share insights into two essential components that contribute to making the Venom Blockchain the way it is:

1️⃣ Scalability: Venom's dynamic sharding mechanism 🔀 addresses the challenges of blockchain mass adoption 🌐 by adapting to fluctuating network demands and delivering a seamless user experience.

2️⃣ Regulation: Committed to global regulatory standards, #Venom ensures stability, trust, and security for users and businesses alike, fostering growth and adoption of blockchain technology 🛡️.

💬 Connect with the community and join the discussion in our Discord server: https://discord.gg/venomfoundation

📣 Testnet Launch: Next week! 📣

The wait is almost over! The Venom Testnet goes live next week, marking a significant milestone in our journey to revolutionize the blockchain space. 💫

🔗 For more details on the Testnet and its features, read our latest Medium article:

https://medium.com/@venom.foundation/venom-testnet-experience-a-robust-dapp-ecosystem-built-on-a-multi-blockchain-network-6b5aff35d49d

Get ready to experience the power of Venom firsthand, and stay tuned for more updates as the launch approaches! 🌟

Eid Mubarak, everyone!

On behalf of the team at Venom, here’s wishing you abundance in blessings and the joyous warmth of family and community. 🌙❤️

Testnet is live!

Get ready for a few months of acquiring users, onboarding projects, and attracting developers.

Start collecting your early member NFTs: https://Venom.Network

Become a part of our early community:

1️⃣ Join us on the testnet and collect exclusive NFT badges as a token of your early involvement 🎖️

2️⃣ Share your valuable feedback to help us refine and improve the platform for a seamless experience. Your input matters! 💡

3️⃣ Participate in our upcoming hackathon with a massive $225K prize pool! 🏆

Dive into the action, enjoy the journey, and together, let's build an amazing ecosystem! 🌐

💬 For questions and more info make sure to join our Discord server: https://discord.gg/venomfoundation

📣Testnet Update: Progress & Improvements

We are pleased to report that the Venom Testnet has experienced significant traffic since its launch. Your feedback and insights are playing a valuable role in helping the team implement important updates.

The team would like to thank you, for your continued support and patience as we refine your Testnet experience. All feedback is well received and will help the team create a seamless and robust platform for an ever-expanding user base. 🌐

Pick up on your journey where you left off or get started if you haven’t already on https://venom.network.

For further discussion and updates, join our Discord: https://discord.com/invite/venomfoundation

💸 Venom Hackathon - Prize pool of $225,000 💸

Join our first online Hackathon in collaboration with DoraHacks!

To honor our commitment of onboarding developers, Venom has allocated a prize pool of $225,000.

Build on Venom and choose your track ⬇️

- Web3, NFT & Gaming
- DeFi & Stablecoins
- Tools & Infrastructure

Sign up to secure your spot: https://hackathon.venom.network

💬 For questions and more info make sure to join our Discord server: https://discord.gg/venomfoundation

📣 Testnet Update: NFT Marketplace Changes & VenomPools Maintenance 📣

1️⃣ NFT Marketplace Temporary Update:
Based on user feedback, we have made the following modifications to the NFT tasks to improve the user experience:

- Auctioning NFTs is disabled
- Delayed sales are no longer available
- Maximum sale price limited to 5 Venom Tokens
- Improved filter performance

These features will be fully functional on the mainnet.

Meanwhile, new NFTs will be added throughout the day, and we encourage community collaboration in making deals on the marketplace.

2️⃣ VenomPools Under Maintenance:
VenomPools is currently offline for maintenance and will be unavailable through venom.network until further notice. We'll keep you updated on its progress and return during the Testnet phase.

We appreciate your patience and understanding during these changes, and thank you for your continued support and valuable feedback. Your input helps us create a better platform and user experience!

🚨 Venom Hackathon Opening Ceremony! 🚨

We're thrilled to announce that the Venom Hackathon is about to go live! Developers, it's your chance to showcase your skills and compete for up to $225,000 in prizes. 🏆

You'll have until the 10th of June to develop your idea and make your mark in the competition. ⏳

Join our Discord to attend the Opening Ceremony starting at 15:00 UTC 🎥: https://discord.gg/venomfoundation

Here's the schedule for the Hackathon:

🎉 May 8th: Opening Ceremony
👨‍💻 May 8th - June 10th: Development Period (5 weeks)
🏅 June 10th - June 16th: Judging Period (1 week)
🎊 June 17th: Closing Ceremony

To register visit: https://hackathon.venom.network/

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/

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

🚀 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

📣 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

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!

📣 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.

📣 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.

📣 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/

📣 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

📣 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