VELAS Blockchain was born from the CoinPayments.net created by Alex Alexandrov since 2013; which became the first and largest altcoin payement processor platform.
The birth of VELAS blockchain from CoinPayment is to optimize and provide solution to the various blockchain problems of Scalability, security (centralized 51% attacks), high transactions fees by powering its consensus algorithm by using Artificial intuition (AI-Powered Dynamic Consensus) which bridges the gap of the limiting third party.
As much as the word blockchain sounds all complex, VELAS is tasked with creating user friendly, transparent and privacy respecting products. So far VELAS blockchain can handle 50,000 Transaction Per Second (TPS)
VELAS comes with more flexibilities and advantages:
- Support Solidity - comapartible with all Ethereum blockchain built smart contracts.
- Fast/instant transaction speed
- Low gas and transaction fees
- Tradeability of BTC, ETH and other Crypto on VELAD chain
- Multi-currency wallet
- Staking feautures
- E-commerce (1-Click payment, supporing many currency)
VELAS interoperability between all types of coins/tokens grants a cutting edge for blockchain technology and cryptocurrencies to new era in e-commerce, global economy and massive adoption of the cryptoworld.
VELAS Resource links:
Coingecko - https://www.coingecko.com/en/coins/velas
Cryptocurrency & Blockchain
A cryptocurrency is a digital asset designed to work as a medium of exchange that uses strong cryptography to secure financial transactions, control the creation of additional units, and verify the transfer of assets.