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VLX

Velas

$0.004238
0.43%
Open
-
High
-
Low
-
Vol.
-
coindesk-loading-spinner
1H
24H
7D
1M
1Y
All
Market Cap. #746
$11,487,968
Volume (24h) #1156
$296,069
Supply (Circ. / Total / Max)
2.71B / 2.71B / ∞
Launch Date
2020-07-08
Block Number
-
Block Reward
-
Last Block Size
-
Network H/s
-

Velas Price Converter

Velas

Velas Information

Resources

WebsitesWebsiteWhitepaperBlog
Block Explorersexplorer.velas.com
Code Repositoriesgithub.com/velas
Supported Standards
ERC-20
VRC-20
Industries
Platform
DeFi
Communitieswww.reddit.com

Velas Supported Platforms

VLXBEP20BNB0xE9C803F48dFFE50180Bd5B01dC04DA939E3445Fc2021-09-03
VLXERC20ETH0x8C543AED163909142695f2d2aCd0D55791a9Edb92021-03-11

About Velas

Velas (VLX) is a high-performance blockchain platform designed to support smart contracts and decentralised applications, capable of processing up to 75,000 transactions per second with low fees. It serves various sectors, including DeFi, NFTs, and gaming, and operates as a carbon-neutral network. Founded in 2019 by Alex Alexandrov, Velas is headquartered in Zug, Switzerland.

Velas is a blockchain platform designed to support the development and execution of smart contracts and decentralised applications (dApps). It aims to address the blockchain trilemma by offering a network that is secure, interoperable, and highly scalable. Velas utilises a hybrid consensus mechanism, combining Delegated Proof-of-Stake (DPoS) with Proof-of-History (PoH), enabling the network to process up to 75,000 transactions per second with transaction finality of approximately 1.2 seconds. This high throughput is achieved while maintaining low transaction fees, approximately $0.00001 per transaction.

Velas serves as a platform for a variety of applications across multiple sectors:

  • Decentralised Applications (dApps): Velas provides a robust infrastructure for developers to build dApps that prioritise user privacy and adaptability.

  • Decentralised Finance (DeFi): The platform supports innovative financial solutions, facilitating decentralised exchanges and other financial services.

  • Non-Fungible Tokens (NFTs): Velas enables the creation and trading of NFTs, offering artists and creators a platform to monetise digital art.

  • Decentralised Exchanges (DEXs): The network supports the development of secure and efficient decentralised exchanges, allowing for peer-to-peer trading without intermediaries.

  • Metaverse and Gaming: Velas facilitates the development of metaverse projects and play-to-earn games, providing a scalable and secure environment for virtual experiences.

Additionally, Velas is committed to environmental sustainability, operating as a carbon-neutral blockchain through its energy-efficient DPoS consensus mechanism.

Velas was founded in 2019 by Alex Alexandrov, an entrepreneur and investor in blockchain and cryptocurrencies. The project is headquartered in Zug, Switzerland, often referred to as "Crypto Valley." Alexandrov is also the founder of CoinPayments, a cryptocurrency payment gateway, and has served as an advisor to various organisations on technology, cybersecurity, blockchain, and artificial intelligence.
Velas (VLX) Price | VLX to USD Price and Live Chart