Venom, a blockchain platform licensed in Abu Dhabi Global Market (ADGM), has announced the launch of its public testnet. This marks a significant milestone for the platform as it prepares for its mainnet launch in the coming months. The testnet is designed to allow developers and users to test and debug dapps and blockchain protocols, fostering innovation and community building within the ecosystem.

Venom's testnet ecosystem includes a range of in-house features and applications, such as the Venom Wallet, Venom Scan, VenomPools, Venom Bridge, and others, for users to test out. It aims to encourage developers to build innovative dapps while providing users with a first-hand experience of the Venom Blockchain.

To participate in the testnet, users can download the Venom Wallet on mobile via the Apple App Store or Google Play Store or on the desktop as a Google Chrome extension. They can then claim a free testnet allocation to start exploring the ecosystem. Venom boasts an ultra-fast speed of 100k TPS and a dynamic sharding feature that enhances scalability and network reliability, making it an attractive tool for developers. The network’s interoperability and low transaction fees are designed to make it user-friendly for global adoption.

Peter Knez, the chair of the Venom Foundation Council, expressed confidence in the platform, stating, "With our highly scalable and reliable asynchronous blockchain, we’re confident that developers will be able to build innovative dApps, while users will be able to experience them firsthand.”

Venom is licensed by the Abu Dhabi Global Market, which positions it as the world’s first regulation-compliant blockchain. This allows authorities and enterprises the freedom to build, innovate, and scale with confidence. The Venom blockchain has the potential to function as the main infrastructure for a global ecosystem of web3 applications, thanks to its ultra-fast transaction speeds and infinite scalability to meet the demands of an ever-expanding user base.

The Venom Foundation has put together a comprehensive repository of developer documentation to help developers get started on the Venom blockchain. This repository contains information that covers everything from the basics of blockchain development to more advanced features like dynamic sharding and asynchronous block validation.

The launch of the public testnet is a significant step forward for Venom as it prepares for its mainnet launch. It also demonstrates the platform's commitment to fostering innovation and building a strong community within its ecosystem. The testnet allows users to experience Venom's features firsthand, giving developers a platform to build innovative dapps while ensuring the platform's scalability and reliability for global adoption.