Venom Foundation has reported that its blockchain network has achieved a 99.99% uptime since its mainnet launch in March 2024. The network, which combines Layer-0 and Layer-1 technologies, currently handles between 150,000 and 200,000 transactions daily, with an average annual downtime of less than 5.3 minutes. This high reliability is attributed to its dynamic sharding protocol and Proof-of-Stake Byzantine Fault Tolerance layer.
Venom also boasts transaction fees consistently below one cent and has formed significant institutional partnerships, including a national blockchain initiative with the Philippines government. The foundation has set a target to increase its daily transaction volume to 500,000 by the end of 2025.
Venom Blockchain Maintains 99.99% Uptime, Aims for 500K Daily Transactions
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