Buy Velas (VLX)
What is Velas?
Velas is an open-source blockchain ecosystem built on the Solana codebase, designed to integrate the best features of both centralized and decentralized solutions. It aims to balance security, scalability, and decentralization, a challenge known as the blockchain trilemma. Velas is also characterised by its compatibility with Ethereum Virtual Machine (EVM), allowing for the seamless migration of Ethereum smart contracts.
How does Velas work?
Velas operates using an AI-optimized Delegated Proof-of-Stake (AIDPoS) consensus mechanism, enhancing decentralization, stability, and security through its unique use of AI-optimized neural networks. This blockchain can process up to 75,000 transactions per second (TPS) with instant finality and low fees. The platform's cross-chain capabilities enable interoperability with other blockchains like Ethereum and Binance Smart Chain, while its foundation on the Solana codebase and EVM compatibility supports the efficient processing and deployment of smart contracts.
What are the potential use cases for Velas?
Velas offers a range of potential applications across various industries:
- DeFi: Platforms like Wagyu Swap and Ferrum Network utilise Velas for high-speed and secure decentralised financial services.
- Gaming and Social Media: Velas' high transaction processing speed benefits applications requiring fast and secure interactions.
- Business and Supply Chain: Velas can be employed for transparent and swift transactions, improving supply chain and business processes.
- Automotive: Partnerships, such as with Ferrari, explore digital asset engagement in the automotive sector.
What is the history of Velas?
Founded in 2019, Velas was created by a team of engineers, cryptographers, researchers, and mathematicians. Key milestones in its history include:
- The launch of its mainnet shortly after its founding.
- Introduction of EVM compatibility to broaden its appeal to DeFi users and dApp developers.
- Achieving a transaction processing capacity of 75,000 TPS.
- Commencing a grants program to support DeFi applications.
- Launching VelasPad and WagyuSwap to bolster its ecosystem.
Velas continues to evolve with significant updates like Solana V2 and a dedication to carbon neutrality, enhancing its technological capabilities and market position.
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Frequently Asked Questions (FAQs)
What is the current price of Velas (VLX)?
The Velas price is $0.01688019 AUD, representing a +1.82% from the day prior.
Where is the best place to buy Velas (VLX) in Australia?
The best place to buy Velas (VLX) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell Velas (VLX) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of Velas (VLX)?
The trading volume of Velas (VLX) is $717.5K AUD in the last 24hrs, representing a +1.82% from the day prior.
How can I buy Velas (VLX)?
Velas (VLX) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of Velas (VLX)?
The current market cap of Velas (VLX) is $43.5M AUD.
Can I convert Velas (VLX) to cash?
Yes - With Coinstash you can convert your Velas (VLX) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many Velas (VLX) are there?
The current circulating supply of Velas (VLX) is 2.7B.
Is Coinstash a safe place to buy Velas (VLX) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Velas (VLX) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.