Velas (VLX) Price

Velas is a cryptocurrency and decentralized ecosystem that enables users and developers to leverage, interact, and build decentralized applications on its ecosystem.

The Velas ecosystem is built on a working protocol that enables the creation and building of dapps, NFT marketplaces, the design of decentralized exchanges, and game-fi and metaverse ecosystems.

Ecosystems and processes built on Velas rest on the backbone of decentralization without compromising systems' scalability and increased security.

Velas ecosystem and protocol are built based on an AI DPoS (Artificial Intuition Delegated Proof of Stake) blockchain consensus mechanism.

 The AI DPOS consensus mechanism utilized by the Velas ecosystem delivers ultra-fast and secure transactions between multiple users at low costs and transaction fees.  

Velas Features and Updates

The Velas blockchain platform features an interoperable ecosystem with smart contract functionalities and deployments on a secure, developer-friendly interface.

Velas features an all-in-one hybrid EVM/EBPF platform, inheriting strengths and best features from the Ethereum blockchain ecosystem and Solana blockchain.

It also features a unique ecosystem for builders and developers to create metaverses, NFT marketplaces, and decentralized exchanges.

Cryptocurrency users also benefit from value-added features on the Velas platform, such as earning token rewards and a passive income through staking and liquidity provisions on its ecosystem.

Velas features and utilizes a unique AI DPOS consensus mechanism at the core of its technology which enables fast and lightning transactions at secure and cheap transaction fees.

A Vault system is also featured on the Velas platform, which is available to cryptocurrency users for highly secure storage of secret and private keys of wallets. 

Velas Team

The Velas ecosystem and blockchain network was developed and launched in 2019 by Swiss developer and co-founder Alex Alexandrov. 

Alex Alexandrov doubles as the CIO of Velas with his colleague and co-founder, Farhad Shagulyamov, who is the CEO of Velas.

Other team members scaling the growth of Velas include Shirley Valge, the COO of Velas, Roman Cherednik, CTO of Velas, and Dragos, the head of partnerships, among other team players.