Venom is a very high quality project in my opinion. But I’m giving it 4 stars in idea because I don’t think they add anything new to the space and there is a lot of competition.
There are tons of projects that offer high TPS at low costs, sharding and a mix of public vs private multi-chains. In terms of the overall structure, Venom seems more like Polkadot (i.e. a multi chain, allowing chains with different VMs to be built on top) and in terms of sharding, it’s more like Near, splitting chains into more chains once they are overloaded. What I found unique is that shards can merge into each other once the load drops. I’m not sure how that works on Near for example. It’s interesting to have a Polkadot/cosmos style multi chain that also has this type of sharding baked into every side chain. It’s like combining two scaling techniques into one.
Just like in Polkadot, side chains can communicate with each other, but unlike Cosmos, this is not really possible with outside chains, which requires their bride (which is a strong weakness compared to Cosmos).
The most unique aspect might be their focus on compliance, but I’ll have to study more to fully understand how they are more compliant than other networks, and especially how that may affect projects building on top of them. One concern I have is that their regulatory setup is in the UAE which is currently not recognized in the EU and US (businesses and investors from the UAE require higher levels of KYC and AML due to the lacking regulations in the UAE)
In summary, I think Venom is a very complete solution that inspires a lot of confidence but is missing a killer feature that sets it apart from the competition. Show Less
