April 25, 2023 – Abu Dhabi, Abu Dhabi
Venom, a layer one blockchain that operates out of the ADGM (Abu Dhabi Global Market), today announced that its public testnet is officially live.
The milestone marks a significant accomplishment in Venom’s roadmap as it prepares to launch on mainnet.
Along with the testnet launch, Venom has also unveiled a host of in-house developed DApps (decentralized applications) as part of its growing ecosystem.
The testnet design suits both ecosystem users and developers. It enables developers to test and debug DApps and blockchain protocols while allowing users to experience these DApps firsthand.
The goal of the program is to encourage innovation and community building within the ecosystem.
Developers and users can try out the testnet in two simple steps.
First, download the Venom Wallet on mobile via the Apple App Store or Google Play Store or on the desktop as a Google Chrome extension.
Secondly, users can jumpstart their journey of testing the Venom ecosystem by claiming a free testnet allocation.
Peter Knez, chair of the Venom Foundation Council, said,
“We’re excited to announce the launch of Venom’s public testnet a crucial step towards our upcoming mainnet launch. With our highly scalable and reliable asynchronous blockchain, we’re confident that developers will be able to build innovative DApps while users will be able to experience them firsthand.”
Developers will be able to try their hand at building on the asynchronous Venom blockchain, which boasts ultra-fast speed at 100,000 TPS and a dynamic sharding feature that enhances scalability and network reliability.
To kick things off, Venom has curated a repository of developer documentation to equip developers with the necessary tools and knowledge to start building.
Venom’s network boosts interoperability, making it a viable tool for developers, while its low transaction fees makes it user-friendly for global adoption.
Several DApps are to make their debut on Venom testnet. Users can test them out by performing transactions, testing the native Venom wallet and much more.
Venom Foundation is licensed by the ADGM and enables the acceleration of global Web 3.0 projects. The decentralized network operates under the jurisdiction of the ADGM.
The ADGM is an oasis for investors and financial services firms, positioning Venom as the world’s first compliant blockchain, affording authorities and enterprises the freedom to build, innovate and scale.
A portfolio of in-house DApps and protocols has been developed on the Venom blockchain by various companies.
With capabilities of dynamic sharding, low fees, ultra-fast speed and scalability, Venom harbors the potential to function as the main infrastructure for a global ecosystem of Web 3.0 applications, possessing ultra-fast transaction speeds and infinite scalability to meet the demands of an ever-expanding user base.
For more information about the Venom testnet launch and the Venom Foundation, visit the links below.
Adam Newton, Venom
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