Source: Venom Network
Launching a testnet before the mainnet has proven to be a best practice among blockchains, allowing for stress testing, bug hunting, and deeper user experience exploration. Before large funds (fiat or cryptocurrency) are deposited by the community, it is important to refine the chain to ensure that the features are rich, flawless and provide the best possible customer experience.
For clarity, a testnet is an experimental network parallel to the intended mainnet. It’s designed to test new features and use cases on the mainnet itself, while allowing developers to test their own products to make sure they’ll work as intended when launched on the mainnet.
Looking at the 2023 lineup, there are a number of major blockchains coming with testnets either live or in preparation for launch. These include:
- Mumbai, a chain hosted by Polygon to deploy smart contract logic
- Optimism Testnet, built with all Optimism features
- Goerli, Ethereum’s Best PoA (Proof of Authority Consensus Mechanism) Cross-Client Testnet
- Arbitrum Testnet, a stable and main testnet on the Nitro dropdown stack
- Solana Devnet, a testnet focused on unreal faucet has dropped SOL to allow developers to test smart contracts
- Sepolia, a new merged PoS (proof-of-stake) testnet for Ethereum
The Venom Testnet is a major L0 which, similar to the testnets mentioned above, works to strengthen the eventual launch of the mainnet while equipping developers with the tools and experience they need to create and test DApps (applications decentralized), a structure of tokenomics, NFT projects, and DeFi protocols.
Venom Test Network: Overview
The Venom Blockchain will be a comprehensive network designed to provide a secure and intuitive environment for its users, as well as the many developers who will rely on it. There are already plenty of dApps and DeFi protocols planned, both from Venom itself and from enthusiastic builders. A key thing for Venom is that it will be the first blockchain authorized and approved by Abu Dhabi Global Markets (ADGM).
Accessing this marketplace with full ADGM support is a major step forward, and Venom was designed to house an entire ecosystem of crypto platforms to provide services. Venom plans to boost interoperability between itself and all blockchains, CBDCs (Central Bank Digital Currencies) and even other financial platforms/institutions.
This is, frankly, a huge responsibility, and this is where Venom Test Network comes into play. The team launched the testnet focused on both users and developers, and provided a treasure trove of step-by-step instructions, documentation, and even incentivized tasks for users to complete. As with many testnets, Venom provides unvalued tokens for users and developers to experiment with, test wallets, trades, staking, and more.
However, as a Layer 0 blockchain, the Venom testnet will work to test its security and decentralization scalability with its Masterchains, Workchains, and Shardchains.
Venom Testnet: A Complete Introduction
The overall goal of the Venom blockchain is to facilitate mass adoption of Web3. It aims to do this by addressing current blockchain challenges that prevent scalability, regulatory compliance and clarity, and educating the general public to increase not only awareness but also trust.
The channel has been extremely proactive with regulators to ensure the development is not only approved, but works towards a cooperative ecosystem. In terms of scalability, Venom has developed a dynamic sharding protocol that can adapt to load changes by splitting or merging Shardchains. This improves both overall performance and transaction throughput. Workchains are also part of the network, allowing specialized blockchains to be created for various applications.
For all of these purposes, the Venom testnet is essential in its role of stress testing, UX verification, and developer engagement while providing them with the tools and documentation they need. Developers can explore the many innovative use cases possible with the network, including
Basic developer documentation can be found here, and described with detailed steps and screenshots for almost all the necessary processes. Developers can work to create innovative use cases involving stablecoins, CBDCs, public/private interoperability, and assets or DApps that drive those use cases.
Participate in Venom Testnet
To participate in the Venom Testnet, as a user or developer, all you need to do is download/install the Venom Wallet and have a Twitter account. Once done, you can go to the https://venom.network/ website to start.
Once configured, you can access the testnet site and claim tokens to use for testnet transactions. The 50 VENOM tokens earned have no cash value but will help complete initial testnet tasks.
The testnet launched with eight DApps, including Venom Wallet, VenomPools, VenomStake, VenomBridge, VenomScan, Oasis.Gallery, and VenomPad. The Venom Foundation has set up specific tasks to ensure that participants will interact with each of the DApps to simulate various user experiences. Once the user has completed these tasks, he can create a limited Testnet Venom Foundation NFT.
Comparison of Venom with other upcoming testnets
The Venom testnet has similar goals to other testnets in that it aims to test the network before the mainnet is released to find any cracks, bugs, or suboptimal user experiences. The testnet is more focused on specific goals than more open testnets with its structured testing process for users (including an NFT incentive).
The fact that he has already developed a wide range of DApps representative of a typical chain is impressive and will give these eight DApps a significant advantage when launching the mainnet as they will likely benefit from form and function improvements based on the real user experiences seen in the testnet.
The Venom testnet also invited the security research and developer community to perform full-strength stress tests and report any issues, essentially benefiting from a red team without affecting mainnet users. Due to the network’s unique structure, the team has configured its DApps so that users can test its super-fast speed, giving the community an idea of what will be possible on the mainnet.
This will certainly pique the interest of developers who need high-speed transactions for their specific use cases, giving them a chance to develop and launch their DApp on the testnet to prove the high-speed capabilities.
Plus, its developer documentation should allow for all sorts of use cases, DApp development, and more, all without having to contact Venom for help. As mentioned earlier, the Venom testnet is particularly important to the cryptocurrency and DeFi landscape in that it can open the doors to a vast new market with its ADGM support.
Testnets are essential for any mainnet launch, especially ones that are comprehensive and complex, and especially those with major growth plans. The testnet allows a network to become the best version of itself, using trial-by-fire in a safe and secure way.
The benefits go both ways, however. Developers can have the chance to make sure their DApp is working properly and can get essentially free user testing from those who participate in the testnet. This allows even solid, bug-free DApps to identify areas where the user experience can be improved for intuition, function, and even entertainment.
Users, on the other hand, are given the opportunity to practice using the various network features and DApps in advance, giving them an advantage when launching the mainnet and allowing them to try out even high-risk stocks without risking real value.
However, the testnet process only works with community input. We all need to find the projects we are passionate about and do our part to explore and be part of the testing process. For developers and users eagerly awaiting the launch of the Venom mainnet, now is the time to get started, get a glimpse of the ongoing ecosystem, and earn rewards in the process.