The Venom blockchain employs the Threaded Virtual Machine (TVM), a Turing complete machine capable of executing machine-level instructions, of facilitating the execution of smart contracts. However, other workchains on the Venom blockchain may use alternative virtual machines, such as the EVM.
TVM operates on an asynchronous communication model between accounts, where only message sending can affect the state of another account. This design allows for concurrently processing multiple smart contracts, resulting in improved performance compared to traditional virtual machines. TVM is utilized to execute smart-contract code in the masterchain and basechain.
How to participate in the Venom Network Airdrop?
It’s clear that Venom is taking aggressive measures to consolidate its position in the ever-growing Web3 industry. With such a significant investment and a robust infrastructure, the platform is poised to become a major player in the Web3 space This airdrop, much like the others, could be a very lucrative way for you to make some money without even putting in a lot of funds. If you wish to qualify for a possible Venom token airdrop, you would need to interact with the platform actively. To do so you will just have to put in very little time and follow the step by step guide given below
Step 1: Create a Venom Wallet
Visit the official website for Venom Foundation using this link
Click on the ecosystem in the top bar and from the drop down select Venom wallet
In the top right go on download and then Select the option where you wish to download the wallet. In this guide, we will be using the Chrome extension wallet
In the new tab click on Add to chrome followed by add extension
Now click on venom wallet under chrome extensions
After that, a new web page will open where you will have to click on Create a new wallet
Next, click on submit
Now you will be given a seed phrase that you have to store carefully and never share with anyone
Then just simply enter the seed phrases asked in order to verify your account
After you have verified your seed phrase creates a password for your wallet