The Venom Foundation created the layer 0 blockchain known as Venom Network. Venom addresses scalability issues and lowers transaction fees by utilizing a concept akin to modular blockchains. Venom has a theoretical processing capacity of 100,000–1,000,000 TPS. Three levels make up Venom's blockchain structure: Masterchain, Workchain, and Shardchain. These layers allow transactions to be processed concurrently using a consensus method.

Masterchain: Layer 0 is in charge of setting up the communication environment among the three tiers. Masterchain makes ensuring the system's validators have access to all the data they need to reach a consensus. The Masterchain stores crucial data, including voting rounds, validator scope, network setup, and deployment.
Workchains: Layer 1 is a layer that sits atop the Masterchain, runs on its own, and performs unique tasks including block, transaction structure, threaded virtual machine (TVM), and state transition function.
Shardchains: On some Workchains, they function similarly to Layer 2. While they perform just a fraction of the transactions on the Workchains, Shardchains share many of the same characteristics as Workchains. Venom's blockchain can handle a high amount of data processing and transactions by supporting an infinite number of Shardchains.

Threaded Virtual Machine: Venom offers the architecture necessary for smart contracts to be carried out on the Threaded Virtual Machine (TVM). Similar to EVM, TVM aids in boosting processing speed and enhancing network performance.

Transaction Processing Capability: Venom processes transactions using the Dynamic Sharding method. Shardchains will initially process transactions through validators; however, as a result of an increase in transaction volume and overload, two separate Shardchains will be created. The Shardchain will stay split until it reaches stable processing levels if the transaction volume on that Shardchain is high. Ethereum 2.0 and Everscale have both employed this approach.

Cost: Venom Network has a mechanism in place to guarantee quick transaction processing at a consistent gas price.

Venom Products

1). Venom Wallet: A multi-asset and multi-currency non-custodial wallet. It may be used to stake VENOM tokens, communicate with dApps, and send and receive money.

2). The Venom blockchain may be searched and explored via the online interface known as Venom Explorer. Views are available for contracts, blocks, accounts, and transactions.

3). Venom Pools: A staking platform that allows you to operate your own node or assign your VENOM coins to validator nodes. By protecting the network and taking part in governance, you can win prizes.

4). Venom Bridge: A cross-chain solution called Venom Bridge lets you move assets between the Venom and other blockchains including Polkadot, Ethereum, and Binance Smart Chain.

5). Venom Swap is a decentralized platform that facilitates asset swapping, liquidity provisioning, and asset farming. You may benefit from quick transactions, cheap costs, and large returns.

6). Venom Marketplace: An NFT marketplace where you may produce, exchange, and amass exclusive digital goods. Find and purchase NFTs in a variety of areas, including games, music, art, and more.

7). Venom ID is a decentralized identity management application that enables you to establish and control your own identity. Your personal information can be safely and discreetly stored and managed by you. Additionally, you may access online services that need identity verification by using your Venom ID.