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Velas

by Velas Labs · Since 2019
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ActiveAvailable globallyCloud
Quick facts
VendorVelas Labs
Year launched2019
StatusActive
LocationCrypto Valley Labs Dammstrasse 16, Zug, Zug 6300, Switzerland
Countries servedGlobal
Languages10
Integrations
Free tier
Free trial
Contact sales

About Velas

Velas is a blockchain platform from Velas Labs designed to provide fast and secure decentralized solutions. It includes advanced features such as artificial intelligence for transaction processing, high scalability, and low latency, so users can enjoy efficient and simplified operations. Velas offers a reliable ecosystem for building decentralized applications (dApps) and supports smart contracts for various use cases. Key capabilities: - High throughput of transactions - Secure and low-cost transfers - AI-improved performance improvement - Customizable blockchain solutions - Developer-friendly environment Best for: Developers and enterprises that need a scalable and efficient blockchain solution to improve their digital operations.

Velas is a high-performance blockchain platform designed to offer a robust infrastructure for decentralized applications (dApps) and smart contracts. It boasts a user-friendly interface, making it accessible to both developers and users. Key features include a fast consensus mechanism, low transaction fees, and a focus on user experience. The platform's high performance, enabled by its Proof-of-Stake (PoS) consensus mechanism, ensures fast block times and high throughput. This, combined with low transaction fees, makes Velas an attractive option for various use cases. Moreover, its compatibility with the Ethereum Virtual Machine (EVM) allows developers to easily port existing Ethereum-based dApps to the Velas platform. Velas is designed to scale efficiently, handling a growing number of users and transactions. It also employs advanced security measures to protect the network and user assets. The platform's comprehensive documentation, tutorials, and active community support further enhance its user experience. While Velas is a relatively new platform compared to established blockchains like Ethereum, its focus on performance, scalability, and user experience makes it a promising choice for developers and users alike.

Pros & Cons

What users like
  • +Extremely fast transaction speeds, supporting up to 75k transactions per second (TPS).
  • +AI-enhanced consensus algorithm boosts scalability and performance.
  • +EVM (Ethereum Virtual Machine) compatibility ensures smooth integration for developers.
  • +Low transaction costs make it affordable for users and developers.
  • +Strong partnerships with companies like Ferrari and Solana, and a $100M grants program for developers.
What users flag
  • Lack of comprehensive developer resources and documentation.
  • Frequent wallet updates can be inconvenient for users.
  • Ecosystem still in growth, lacking a larger number of decentralized applications (dApps).
  • Limited community engagement compared to more established blockchains.
  • Transparency issues regarding some technical and operational aspects.

Features

Key features

1. Carbon Neutral
The platform supports a 100% carbon-neutral blockchain with energy-efficient DPoS.
2. EVM and eBPF Compatibility
Velas provides both EVM and eBPF features, offering flexibility for developers.
3. Fast Transactions
Finality in 1.2 seconds with a capacity of 50,000+ transactions per second.
4. Low Fees
Transaction fees are $0.00001, making it cost-effective for users and developers.
5. Scalable
Velas supports the seamless scaling of dApps, NFTs, DeFi, and more.

Additional features

1. dApps
Decentralized applications with a focus on privacy and efficiency.
2. DeFi
Support for decentralized finance applications.
3. NFT
Creation and trade of NFTs with high performance.
4. DEX
Decentralized exchange solutions with enhanced security.
5. Metaverse
Infrastructure for metaverse projects.
6. Marketplaces
Scalable and resilient decentralized marketplaces.
7. P2E Games
Play-to-earn game integrations.
8. Web 3.0
Infrastructure for Web 3.0-based applications.

Pricing

Free trial
Free version
Request a quote
Promo Offer

Countries & Languages

Global
Countries served
10
Interface languages
9
Billing currencies

Interface languages

EnglishRussian (RU)Vietnamese (VI)Turkish (TR)Spanish (ES)Japanese (JA)Ukrainian (UA)German (DE)French (FR)Korean (KO).

Billing currencies

🇺🇸USD🇪🇺EUR🇬🇧GBP🇯🇵JPY🇨🇦CAD🇦🇺AUD🇨🇭CHF🇨🇳CNY🇮🇳INR

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