Venom Network is a Layer 0 Blockchain utilizing the first-of-its-kind PoS mechanism licensed by the Abu Dhabi Global Market (ADGM), an international financial center. The project is founded by the Venom Foundation and is currently scheduled to launch its testnet by the end of April 2023.
Backed by a $1 billion investment fund managed by the Abu Dhabi Global Market, Venom Network demonstrates a clear long-term development strategy and direction.
Venom boasts a technological platform with swift transaction processing and low transaction fees, effectively meeting the demands of present-day users. Estimates from the network's trial phase indicate a processing capability of over 100,000 transactions per second with costs as low as $0.0002. Furthermore, the project has committed to being environmentally conscious by not emitting greenhouse gases.
With considerable potential for growth, Venom is poised to attract attention from the user community, particularly as the upcoming roadmap updates provide insight into the project's future developmental direction. This information will enable investors to grasp the appropriate investment approach for this endeavor. Show Less
