Venom, a new blockchain platform, has achieved a significant milestone in its inaugural public testnet launch. The platform has seen 223,446 wallets created, indicating a strong interest in the project and its potential.
Venom is a blockchain platform that aims to provide a secure and scalable infrastructure for decentralized applications (dApps). The platform is built on the Cosmos SDK and Tendermint consensus engine, which allows for fast and efficient transaction processing.
The public testnet launch of Venom is an important step in the development of the platform. It allows developers and users to test the functionality of the platform and provide feedback to the team. The high number of wallets created during the testnet launch is a positive sign for the project, indicating that there is a strong interest in the platform and its potential.
One of the key features of Venom is its focus on security. The platform uses a unique consensus mechanism called Proof-of-Stake with BFT (Byzantine Fault Tolerance), which provides a high level of security and prevents attacks such as double-spending. This makes Venom an attractive option for developers who are looking for a secure and reliable blockchain platform for their dApps.
Another important feature of Venom is its scalability. The platform is designed to handle a large number of transactions per second, which is essential for dApps that require high throughput. This scalability is achieved through the use of sharding, which allows for parallel processing of transactions across multiple nodes.
In addition to its security and scalability features, Venom also offers a number of other benefits for developers. These include a user-friendly development environment, support for multiple programming languages, and a robust set of tools and APIs for building dApps.
Overall, the public testnet launch of Venom has been a success, with a large number of wallets created and positive feedback from developers and users. The platform’s focus on security and scalability, combined with its user-friendly development environment and robust set of tools, make it a promising option for developers looking to build decentralized applications. As the project continues to develop and mature, it will be interesting to see how it evolves and what new features and capabilities it will offer.
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- Source: Plato Data Intelligence: PlatoData