Venom’s testnet launch: A catalyst for widespread Blockchain adoption?
Venom, a blockchain platform based in Abu Dhabi, has achieved a significant milestone in its roadmap towards its mainnet launch by unveiling its public testnet. In addition, Venom has also introduced a range of in-house decentralised applications as part of its expanding ecosystem.
Venom’s dApps in Abu Dhabi and beyond
The testnet has been created to cater to the needs of both developers and ecosystem users, allowing developers to test and debug dApps and blockchain protocols while providing users with the opportunity to experience these dApps firsthand. The program aims to encourage innovation and community building within the ecosystem.
One crucial question to ask here is how Venom’s decentralised applications will provide value to users and developers in the region. Will these applications serve as a catalyst for more widespread adoption of blockchain technology in Abu Dhabi and the Middle East as a whole? Additionally, how will Venom’s compliance with the regulations of the Abu Dhabi Global Market impact the development of the blockchain industry in the region?
To start testing the Venom ecosystem, developers and users can follow two simple steps. First, they can download the Venom Wallet on mobile via the Apple App Store, Google Play Store, or desktop as a Google Chrome extension. Second, users can claim a free testnet allocation to begin their journey of testing the Venom ecosystem.
Venom’s asynchronous blockchain, with its ultra-fast speed of 100k TPS and dynamic sharding feature that enhances scalability and network reliability, provides developers with a powerful tool to build innovative dApps, while users can experience them firsthand.
Venom’s network also offers interoperability, making it an excellent tool for developers, while its low transaction fees make it user-friendly for global adoption. Several dApps are set to debut on the Venom testnet, including Venom WalletWery. The ADGM licences the Venom Foundation and aims to accelerate global Web3 projects, while the decentralised network operates under the jurisdiction of the ADGM, known for being an attractive destination for investors and financial services firms.
Venom’s dynamic sharding capabilities, low fees, ultra-fast speed, and scalability have the potential to make it the central infrastructure for a global ecosystem of Web3 applications, possessing the ability to handle ultra-fast transaction speeds and infinite scalability to meet the demands of a growing user base.
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