Introduction:

Blockchain technology has revolutionized various industries by introducing decentralized and transparent systems. Within the Venom blockchain ecosystem, VenomScan emerges as an essential tool that offers users a window into the immutable records of transactions. With its user-friendly interface and comprehensive user interface, VenomScan simplifies the complexity of the Venom blockchain, providing key insights into fund movements, payments, and other activities. This article serves as an informative guide to educate the community about the features and benefits of VenomScan.

Overview:

1. Understanding VenomScan:
   VenomScan is a powerful tool that serves as a model of transparency within the Venom blockchain ecosystem. It allows users to search and explore the complete transaction history stored on the blockchain. With its intuitive design and user-friendly interface, VenomScan enables users to easily navigate and comprehend the intricacies of blockchain transactions.

2. Simplifying Complexity:
   The Venom blockchain can be complex to understand, especially for newcomers. VenomScan bridges this gap by presenting transaction information in a simplified and accessible manner. Users can explore the flow of funds, track payments, and gain a comprehensive overview of various activities taking place within the Venom blockchain. This simplification empowers users to monitor and understand the network with ease.

3. Verifiable Proof of Payment:
   One of the remarkable features of VenomScan is its ability to provide a verifiable proof of payment. Users can authenticate and verify transactions by cross-referencing them with the records stored on the Venom blockchain. This functionality ensures trust and accountability within the ecosystem, allowing participants to confidently engage in transactions without relying solely on intermediaries.

4. Authentication of Blockchain Addresses:
   VenomScan also serves as a reliable method to authenticate blockchain addresses. By accessing VenomScan, users can verify the ownership and legitimacy of addresses involved in transactions. This feature adds an extra layer of security and builds trust among users, preventing the risks associated with fraudulent or suspicious activities.

5. Real-time Transaction Verification:
   For members of the Venom testnet community, VenomScan offers an invaluable service. Users can leverage the platform to verify their testnet transactions in real-time. By inputting their transaction details, they can promptly check if their transactions have successfully gone through. This capability streamlines the testing process and provides instant feedback, enhancing the user experience within the Venom ecosystem.

6. Trust, Transparency, and Accountability:
   VenomScan sets a new standard for trust, transparency, and accountability within the Venom blockchain ecosystem. By leveraging the tool, participants can actively engage in the ecosystem while understanding, verifying, and trusting the transactions taking place. This fosters a sense of community and empowers users to take full advantage of the benefits offered by the Venom blockchain.

   Explore VenomScan : We invites all members of the Venom blockchain ecosystem to start using VenomScan today. By accessing at https://testnet.venomscan.com/, users can explore the capabilities of VenomScan, gain insights into the network, and actively contribute to the enhancement of transparency and accountability within the blockchain ecosystem.

VenomScan offers a comprehensive range of information and insights related to various aspects of the Venom blockchain. Let's explore the details provided for each aspect:

1. Blocks:

• Head masterchain block: Displays the latest block in the masterchain, providing a snapshot of the current state of the Venom blockchain.

• Average block time: Shows the average time taken to mine a new block within the Venom blockchain.

• Workchain shards: Provides information about the different workchain shards in the Venom blockchain, which help distribute the computational load and enhance scalability.

  2. Transactions:

• Transactions: Shows the total number of transactions that have occurred within a specific time period.

• Transactions per second: Displays the average number of transactions processed per second on the Venom blockchain.

• Transactions 24h: Provides the total number of transactions recorded within the last 24 hours.

• Volume 24h/VENOM: Represents the total value of transactions in terms of VENOM tokens conducted within the last 24 hours.

  3. Messages:

• Messages: Indicates the total number of messages sent and received within the Venom blockchain.

• Messages per second: Shows the average rate at which messages are being processed within the blockchain per second.

• Messages 24h: Provides the total number of messages exchanged within the last 24 hours.

• VENOM Volume 24h: Represents the total value of messages in terms of VENOM tokens transmitted within the last 24 hours.

  4. Token transactions:

• Transaction: Displays specific details about individual token transactions, including the sender, recipient, token involved, balance change, and time of the transaction.

  5. Accounts:

• Accounts: Shows the total number of accounts present within the Venom blockchain.

• New in last 24h: Indicates the number of new accounts created within the past 24 hours.

• Active in last 24h: Displays the number of accounts that have been active within the last 24 hours.

• Active in last 1h: Provides the number of accounts that have been active within the last 1 hour.

  6. Tokens:

• Address: Shows the address of the token within the Venom blockchain.

• Name: Displays the name of the token.

• Symbol: Represents the symbol or ticker of the token.

• Decimals: Indicates the number of decimal places used by the token.

• Total supply: Provides information about the total supply of the token in circulation.

  7. NFT collections:

• Collection: Displays the name or identifier of the NFT collection.

• Owner: Indicates the current owner of the NFT collection.

• Minted: Shows the total number of NFTs minted within the collection.

• Source: Provides information about the source or origin of the NFT collection.

• Created: Displays the date and time when the NFT collection was created.

  8. Validators:

• Elections period: Indicates the current period of elections for validators within the Venom blockchain.

• Total stake VENOM: Represents the total stake in VENOM tokens held by validators in the network.

• Total bonuses VENOM: Displays the total amount of bonuses awarded to validators in VENOM tokens.

• Elections status: Provides information on the status of the ongoing validator elections.

  9. Contracts:

• Code hash: Shows the unique hash of the contract's code within the Venom blockchain.

• Contract name: Indicates the name or identifier of the contract.

• Compiler: Displays the compiler used to compile the contract.

• Linker: Provides information about the linker used for the contract.

  10. Network configuration:

  The "Config in the masterchain" section of VenomScan provides important configuration details about the Venom blockchain.

  • Elector in the masterchain: This parameter specifies the identifier or address of the elector in the masterchain of the Venom blockchain.

  • Minter in the masterchain: Indicates the identifier or address of the minter in the masterchain.

  • Critical params: These parameters include various numerical values that are crucial for the functioning of the Venom blockchain. Each of these values likely represents a specific aspect or setting within the blockchain.

  • Block create fees, VENOM: Specifies the fees in VENOM tokens associated with block creation in the Venom blockchain. The basechain fee is mentioned as 2.4 VENOM, while the masterchain fee is stated as 4.1 VENOM.

  • Validators count: Provides information about the maximum number of main validators, validators, and minimum validators allowed within the Venom blockchain. The maximum count for main validators is 100, the maximum count for validators is 1000, and the minimum count for validators is 13.

  • Global capabilities: Indicates the global capabilities or permissions assigned within the Venom blockchain, represented by the hexadecimal value 0x40717ae.

  • Global version: Represents the global version of the Venom blockchain, mentioned as 35.

  • Mandatory params: Refers to additional parameters or settings that are mandatory for the proper functioning of the Venom blockchain. Further details about these mandatory params are not provided in the given information.

  These configuration details in VenomScan help users understand the specific settings and parameters governing the Venom blockchain, contributing to transparency and accountability within the ecosystem.

Conclusion:
VenomScan serves as a powerful and essential tool within the Venom blockchain ecosystem. By providing transparency, simplifying complexity, offering verifiable proof of payment, and enabling real-time transaction verification, VenomScan enhances trust, transparency, and accountability for all participants.