Venom Migration to Next-Gen Protocol
Summary
Venom Foundation (11M $VENOM Quests Live) announces VIP-003 proposing migration to a next-gen network with 150,000 TPS, sub-second finality, dynamic sharding and full backward compatibility. The upgrade includes a 1:1 token migration, no supply or vesting changes, an official one-way swap portal, and the old mainnet staying operational for six months, critical for settlement-grade scaling.
🚀 Venom Migration to Next-Generation Protocol 🚀
We have some big news, Venom Community.
The Venom DAO has submitted VIP-003: Migration to the Next-Generation Network Architecture, a proposal that, if passed, will see Venom move to a new, next-gen architecture.
After a full year of rigorous testnet validation, the new protocol is ready for mainnet.
⚡️ What the upgrade brings:
- 150,000 TPS
- Sub-second finality
- Advanced dynamic sharding
- Improved PoS consensus
- Full backward compatibility
🔄 Key Migration Details:
- 1:1 token migration ($VENOM → new $VENOM)
- No changes to vesting or token supply
- One-way migration via official swap portal
- Old mainnet will remain operational for 6 months after launch
- All smart contracts, addresses, and products will continue working without modification
This upgrade is essential for Venom to become true settlement-grade infrastructure.
❓ **Any Questions? **
Leave them in #❓│questions and we will put together an FAQ answering everything.
📄 Check out the full proposal here: https://dao.venom.network/governance/proposals/3
It's time for Venom to reach its full potential. ||||
