• Venom is a Layer 0 proof-of-stake (PoS) blockchain solution built to meet the demands of real-world applications. It offers high levels of scalability and security, making it ideal for decentralized applications.
• Scalability is critical to blockchain and crypto’s future as it addresses one of these technologies’ most significant challenges — handling a large volume of transactions.
• Venom achieves network scalability through its Dynamic Sharding protocol, which divides the network into smaller, more manageable chunks called shards.
What is Scalability?
Scalability refers to a blockchain’s ability to handle increasing users and transactions without compromising performance or efficiency. As blockchain and crypto become more popular and adoption rates continue to rise, the number of transactions and users will increase, putting pressure on networks to process more transactions quickly and securely. To achieve mass adoption, projects must be able to handle the increasing number of transactions and users while maintaining high speeds, low fees, and strong security.
What is Sharding?
Sharding is simply a partitioning technique used to distribute a peer-to-peer (P2P) network’s computational and storage capabilities across multiple nodes in an effort to improve scalability. By breaking up large databases into smaller chunks called “shards”, sharding increases transaction speeds by allowing different nodes to process different shards simultaneously. It also helps with data redundancy by reducing single points of failure within the system.
What is Dynamic Sharding?
Dynamic sharding takes this concept further by allowing communities or consensus groups within a sharded network access their own shards or workchains that are independent from each other yet interoperable with the main chain. This creates infinite possibilities for scaling as new shards can be created at any time in response to increased demand for transactions or storage space on the platform.
How Does Venom Use Sharding?
Venom uses dynamic sharding technology through its Layer 0 proof-of-stake (PoS) architecture which enables communities within its network to create infinite workchains that are separate yet interoperable with one another. This allows Venom’s transactional scalability potential become limitless as new shards can be created at any time in response to increased demand for transactions or storage space on the platform without compromising performance or security standards set by Venom’s core protocol layer1 .
By using dynamic sharding technology Venom Blockchain has enabled itself with limitless transactional scalabilty potential while maintaining high levels of security and performance criteria due its PoS architecture without comprimising either party’s needs nor expectations