Venom Blockchain, led by CEO Christopher Louis Tsu, is addressing the growing demand for decentralized applications (DApps) and digital governance in the expanding crypto and Web3 ecosystem. The platform offers a scalable and secure infrastructure that supports various applications, including Web3 development, stablecoin creation, and central bank digital currencies (CBDCs). Tsu discusses Venom’s technological contributions and its role in driving adoption across industries.
Tsu notes the remarkable shift in attitude towards the crypto and Web3 sector, with increasing trust, investment, and alliances with governmental and corporate entities. He believes technology will deeply integrate into society, creating a landscape full of possibilities.
In terms of opportunities for blockchain companies, Tsu highlights the dominance of USD-based stablecoins, such as Tether (USDT) and USD Coin (USDC), in transactions. He also emphasizes the growth of stablecoins and asset tokenization, indicating the widespread adoption of distributed ledger technology and its impact on financial innovation and social changes.
Venom Blockchain stands out with its key features, including the Threaded Virtual Machine (TVM), Mesh Network protocol, account abstraction, and Dynamical Sharding. These features enable interchain communication, horizontal and vertical scaling, faster and more secure consensus, and low transaction costs. The platform also offers wider authentication options and eliminates the concept of externally owned accounts.
The Venom blockchain was developed by a team with diverse expertise and a focus on long-term growth. Tsu mentions the flawless launch of the blockchain and the successful operation of multiple DApps in the Venom ecosystem.
Compared to standard layer 1 blockchains, Venom stands out as a TVM blockchain that executes transactions simultaneously, providing faster speeds and reliable message delivery. Tsu mentions the opportunities for finance and government solutions, including CBDCs, fiat-backed stablecoins, and real-world asset tokenization. The platform also offers a Solidity-like programming language, Threaded-Solidity (T-Sol), to facilitate the onboarding process for developers.
Tsu explains the need for infrastructure that can scale to achieve mass adoption without compromising speed or increasing fees. He highlights the potential of blockchain technology for governments and developing countries to tokenize real-world assets and promote financial inclusion. He also mentions the cost reductions associated with cross-border transactions.
Venom has plans for partnerships, events, and integrations. They are launching a TokenForge Hackathon and engaging in business-to-government (B2G) deals in Eastern African countries and the Commonwealth of Independent States (CIS). They are also exploring opportunities for wholesale banking deals and carbon credit-related initiatives to drive impact and growth across sectors.
In the crypto-native world of Web3, Venom plays a crucial role as a medium connecting corporations and Web3. Their strategy involves attracting developers to explore the TVM in the short term and collaborating with sovereign nations in the long term. Tsu envisions a future where the crypto space continues to grow rapidly, leading corporations to prioritize crypto projects and countries to compete for talent and attract crypto projects.
In conclusion, Venom Blockchain aims to meet the demand for DApps and digital governance in the crypto and Web3 ecosystem. With its scalable and secure infrastructure, key features, and strategic partnerships, Venom is driving adoption and paving the way for the future of blockchain technology.