logo

Loading, Please wait...

Velas
watchlist
  • About
  • Team Members

Company Info

Velas (VLX) is a high-speed Layer-1 blockchain, known as the world’s fastest EVM/eBPF hybrid chain. It is built for Web3 applications that need to scale, as well as DeFi protocols, NFTs, and decentralized ecosystems. The primary purpose will be to address the scalability, security, and decentralization issues with the help of the blockchain trilemma while retaining high efficiency in performance.

 

The capacity of the Velas blockchain is up to 75,000 transactions per second, and transaction finality is close to 1.2 seconds, placing the project among the fastest networks in the cryptocurrency ecosystem. It is fully compatible with EVM; therefore, Ethereum developers can either transition to the Velas blockchain without affecting their work or develop decentralized applications on it in an effortless manner. There is Solidity and MetaMask support on the platform, ensuring that the Velas development process feels natural for people working within the Ethereum ecosystem.

 

 

Key Features of Velas Blockchain:

 

  • Hybrid PoS with AI optimization for high performance.
  • Near-zero fees for transaction confirmation.
  • Ethereum compatibility, along with the eBPF protocol, for the development of dApps.
  • Compatibility with DeFi, NFTs, gaming, Metaverse, and DEX.

 

Velas Blockchain Milestones:

 

Year Key Achievements
2019 Velas was formed in Switzerland and launched its first Mainnet with AIDPoS.
2020 The protocol shifted to a fork of the Solana codebase to push high-performance scalability, reaching 75,000+ TPS.
2021 Velas EVM went live, bringing Ethereum compatibility. The project also secured a global premium partnership with Scuderia Ferrari and introduced a $100M ecosystem fund.
2022 The focus moved to interoperability through cross-chain bridges. Velas also introduced “Velas Account” for passwordless, Web2-style authentication in Web3.
2023 The ecosystem developed to include Web3 games and metaverse initiatives. The hybrid eBPF/EVM environment was improved for developers.

FAQs

Company Details

Launch Date

Jan-2019

Company Size

Medium (51-250)

Total Employees

  • Farkhad Shagulyamov
  • Alex Alexandrov

Farkhad Shagulyamov, Alex Alexandrov

Contact Details

info@velas.com

[email protected]

Crypto Valley Zug, Switzerland

Crypto Valley Zug, Switzerland

https://www.velas.com/en
https://www.velas.com/en

Social Media

  • twitter
  • facebook
  • linkedin
  • instagram
  • telegram
  • medium
  • reddit
  • video_link
  • Video Link

Primary Category

  • Blockchain Network

    Company Insights & Details

    Get a complete snapshot of the company’s foundation, valuation, employees, business model, recent posts, and social media presence. These insights help you evaluate its operations, growth, and public footprint. If something needs to be updated,Notify Us

    Similar Companies

    Blockchain Network
    watchlist
    Shardeum

    Shardeum

    Shardeum company profile covering its platform features, milestones, and verified team details.

    -

    Blockchain Network
    watchlist
    Sei Network

    Sei Network

    Sei Network company profile covering its platform features, milestones, and team.

    -

    Blockchain Network
    watchlist
    Dymension

    Dymension

    Dymension company profile covering its overview, milestones, verified team, and key features.

    -

    Blockchain Network
    watchlist
    Tempo Blockchain

    Tempo Blockchain

    Tempo Blockchain company profile covering its overview, verified team, and key features.

    -