What is Velas Blockchain?

Velas is a decentralized AI-powered blockchain based on the Solana blockchain codebase, often used to create dApps like VelasPad and BitOrbit. Since it has EVM compatibility, Velas developers can create cross-chain applications that include fast transaction confirmations and low fees. Its Artificial Intelligent Delegated Proof-of-Stake” (AIDPoS) consensus algorithm uses the native token VLX. By providing flexible and familiar tools and services, Velas hopes to widen the use of blockchain and Web3 technology among the masses.

Why Choose Velas for your Blockchain Project

Components of Velas Blockchain

Velas aspires to make web 3.0 more accessible, democratic, and efficient without losing speed or security. Here are some of the components that will assist it reach this specialty are as follows

Concurrency

Concurrency

The Velas software is designed with good completeness and the technology can handle time structure, transaction processing mechanism, and highly efficient consensus model.

Launchpad

Launchpad

Velas is a unique place for collaboration. It has its own launchpad designed to scale new blockchain startups and cryptocurrency projects.

AI-enhanced DPOS (AIDPOS)

AI-enhanced DPOS (AIDPOS)

Velas blockchain is secured with Artificial Intuition Delegated Proof of Stake (AIDPOS). It helps to fix the scalability problems while also tackling Bitcoin’s Proof of Work system and the Proof of Stake system.

Components of Velas Blockchain
Distributed Learning

Distributed Learning

Velas’ advanced solution that integrates machine learning and deep learning will allow network users to monetize their computing power and gain a reputation for service provided.

Recommender Algorithm

Recommender Algorithm

Velas’ recommender algorithm is based on machine learning technologies and acts as the objective “guardian” of the network.

Performance & Resilience Metric

Performance & Resilience Metric

Velas ensures performance and resilience through security and decentralization to describe the absence of a single point of failure and through transactions per second and transaction confirmation time.

Benefits of Velas Blockchain

Velas blockchain aims to provide a faster, affordable, and more useable blockchain environment for everyday usage. Here are some benefits that makes it different from other blockchains.

Consensus Algorithm

Consensus Algorithm

The AIDPoS is a complex high-performance system that limits the time for nodes to sync within the system. The AIDPoS algorithm adjusts blockchain configuration to maintain security, decentralization, and performance.

High Performance

High Performance

The AI algorithm of the Velas can identify and evaluate the data sets in the network to find correlations, relationships, and patterns between them.

Security

Security

Since Velas uses AIDPoS, its AI algorithm adjusts the configuration to maintain high security and performance while keeping fees low.

Gulf Stream

Gulf Stream

Velas network can throughput of 50,000 TPS, a 100,000 transaction mempool is executed in a matter of seconds.

Low Transaction Fees

Low Transaction Fees

The Velas transaction fees are pretty low. For $1, you can do approx 1,00,000 transactions.

High Transaction Speed

High Transaction Speed

The transaction speed of Velas stands at 75000 TPS, with a transaction finality standing at 1.2 seconds.

Why Choose Velas for Blockchain Development?

We have curated few parameters for you to match with your Velas project development, See if Velas is the right choice for your project.

Parameters

Public

Private

Consortium

Anonymous

Speed

Avg Gas fee

Interoperable

Native token support

Value

Yes

No

No

No

75000 TPS

0.00001$

Yes

Yes

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Use Cases of Velas Blockchain

The Velas blockchain network is a super-fast and secure smart contract-enabled blockchain capable of hosting thousands of decentralized applications. Take a peek at the use cases of Velas blockchain.

Token Swapping

Token Swapping

WagyuSwap is the first decentralized exchange (DEX) on the Velas blockchain. Users can enjoy much lower transaction costs when using WagyuSwap.

Social Media

Social Media

Velas safeguards the privacy of all the communication on the platform. Content creators can build their own commercial projects and provide high-quality content and products to engage with their customers.

DeFi & NFTs

DeFi & NFTs

Velas is transitioning to a phase of rapid ecosystem expansion through integrations with Etherscan, Chainlink, Asset bridges, and many other great applications built on Ethereum.

Payments

Payments

Velas wallets use VLX for smart contracts and transactions while providing a 25% discount on payment fees.

Secure High Volume Transactions

Secure High Volume Transactions

Velas blockchain can conduct 30,000 transactions each second while The DPOS algorithm is used to increase the security of the platform.

Smart Contracts

Smart Contracts

Velas platform also allows the ease of creation of smart contracts that can solve scalability problems and contain several transactions in seconds after solving them.

FAQs

Here are answers to some questions about Velas that our clients frequently ask. Drop us a word if the answers to your concerns or doubts aren't listed here. We'll get to you within 24 hours.