$0.005978
0.66%
$0.005830
24h Range
$0.006169
Market Cap
$16,015,487.0
Fully Diluted Valuation
$16,028,993.9
24 Hour Trading Vol
$60,804.0
Circulating Supply
2,681,550,331.0
Total Supply
2,681,550,331.3
Max Supply
∞
Velas Price
$0.005978
24h Range
$0.005830 - $0.006169
Percent Change 1h
0.42%
Percent Change 24h
0.66%
Percent Change 7d
-8.57%
All-time high
$0.569
All-time low
$0.004062
1D
7D
1M
1Y
All
Velas (VLX) is a high-performance blockchain platform that aims to combine the speed and scalability of centralized systems with the security and transparency of decentralized networks. Launched in 2021, Velas leverages an innovative consensus mechanism called Solana's Proof-of-History (PoH) along with artificial intelligence to optimize transaction processing and enhance network efficiency. This allows Velas to achieve an impressive throughput of up to 30,000 transactions per second (TPS), making it one of the fastest blockchains available. Velas also supports smart contracts and decentralized applications (dApps), enabling developers to create a wide range of solutions within its ecosystem.
Velas was co-founded by a team of experienced entrepreneurs and developers, including Farhad Shagulyamov, who serves as the CEO, and Rostislav Buzak, who is the project's CTO. The Velas team also includes experts from various fields, notably in blockchain technology, software development, and AI, which contributes to the innovative nature of the platform. The founders set out to create a blockchain solution that addresses the limitations of existing platforms while maintaining a focus on speed, security, and user experience.
Velas operates on a unique consensus mechanism that combines the advantages of Proof-of-Stake (PoS) and Proof-of-History (PoH). The PoH component provides a historical record of events that enables faster transaction validation by creating a verifiable sequence of events. This allows validators to confirm transactions without having to communicate with each other constantly, significantly reducing latency.
The network is composed of multiple validators who stake VLX tokens to secure the blockchain. These validators are responsible for producing new blocks and validating transactions. Additionally, Velas utilizes artificial intelligence to optimize the performance of the network by predicting network congestion and dynamically adjusting the validator set.
Smart contracts on the Velas platform are written in Rust and can access the unique features of the blockchain, enabling developers to build decentralized applications that can scale efficiently.
Velas offers a wide array of use cases that capitalize on its high speed and low transaction costs:
To ensure the safety of your Velas (VLX) tokens, consider the following best practices:
Investing in Velas (VLX) or any other cryptocurrency involves several steps:
1. Choose a Reliable Exchange: Select a reputable cryptocurrency exchange platform like Coinbase, Binance, or Okx. These platforms allow you to buy, sell, and trade cryptocurrencies.
2. Create an Account: Sign up for an account on your chosen exchange by providing the necessary personal information and completing the verification process.
3. Fund Your Account: Deposit funds into your exchange account using various methods like bank transfers, credit/debit cards, or wire transfers.
4. Buy Velas: Once your account is funded, you can purchase Velas directly from the exchange. Choose the desired amount and complete the transaction.
Botsfolio is a platform that automates cryptocurrency investments using trading bots. To invest in Velas using Botsfolio, follow these steps:
Botsfolio allows you to automate your cryptocurrency investments, potentially saving time and effort while optimizing your trading strategies.
Velas (VLX) is currently trading at $0.005978 and exhibits good potential for future growth. Check the latest Velas (VLX) price prediction.
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