Sirwin
Sirwin
VEnom

Venom BlockChain

By lussian | caglarylmz | 13 May 2023


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Venom is a distinctive blockchain with an asynchronous architecture. Our unrivalled innovative technology ensures endless scalability, low costs and fast transactions. All of those advantages are primarily due to its robust system design. The heterogeneous multi-blockchain platform with dynamic sharding is one of a kind and consists of a masterchain, workchains, and shardchains, all working together as part of Venoms powerful blockchain technology.

Masterchain

As a layer-0 blockchain, it fundamentally ensures that all essential information is present to reach a consensus between validators. Therefore, you must consider this a coordinator with significant responsibility over the workchains and shardchains. Vital information such as network configuration, deployment, and ranges of validators and election rounds are all stored on the masterchain. This is where the shard configuration starts and where you will find the latest block hashes of the shardchains, where you will find the origin of our blockchain.

Workchains

The workchains are layer-1 blockchains, which hang below the masterchain. Each workchain has its state transition functions, cryptographic primitives, transaction or block structures, and native cryptocurrencies while enjoying the security of the masterchain. Strict security by consensus and masterchain validators provide opportunities for the heterogeneous Venom Blockchain. Workchains can take on different roles and function independently of each. Venom has as many as 2³² workchains to support the Foundation’s grand ambitions.

Shardchains

Each shardchain has the same DNA as the workchains. However, responsibility is much more limited, as it only lies with a subset of accounts. Each chain has its own memory space, consisting of a set of smart contracts stored on the blockchain. The shardchain is limited to only the transactions of these contracts. With 2⁶⁰ shardchains per workchain, a tremendous amount of capacity can be accessed.

 

The technology that brings our architecture up to speed, and addresses the scalability problem is called Dynamic sharding. This divides the blockchain into smaller, faster-processing pieces known as: Shards. The advantage of this is that many more transactions can be processed simultaneously, as no queue forms. Transactions are processed in parallel, increasing scalability.

With well-known blockchains like Ethereum, the number of transactions frequently spikes, resulting in longer processing times and significantly higher transaction costs. By enriching the layer-1 blockchain with dynamic sharding, you find a solution to one of the biggest scalability problems of our time.

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caglarylmz
caglarylmz

BlockChain Developer

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