Venom Testnet โ€” Opportunities for Web3 Builders โŒจ๏ธ

Venom Testnet โ€” Opportunities for Web3 Builders โŒจ๏ธ

Venom AMA session was held on Hacker's Twitter. The features and benefits of Venom Network were discussed:

๐Ÿ”ตOne of the key aspects of Venom Network is solving the problem of blockchain scalability through sharding.

๐Ÿ”ตVenom Network offers low fees, fast transactions and easy integration with existing Ethereum projects.

๐Ÿ”ตVenom uses the TIP-3 token standard: instead of having one huge smart contract containing all transactions, a separate smart contract is provided for every token holder.

๐Ÿ”ตVenom Network actively supports developers and provides grant programs and hackathons to participate and support new projects.

๐Ÿ”ตThe network makes audits of its protocols and pays great attention to its security.

๐Ÿ”ตVenom Network prevents and mitigates possible threats associated with a 51% attack: thanks to sharding, the network participant doesn't know in advance which validators will check a certain shard. In addition, the network provides slashing mechanisms for intruders.

๐Ÿ”ตVenom cooperates with Hacking Club to provide cybersecurity and does everything possible to create a favorable environment for developers and users.

๐Ÿ‘‍๐Ÿ—จ AMA session text version is here

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