Howdy! We are unbelievably proud to participate in the Velas Validation program and very excited by the progress in blockchain performance Velas creates. As a Velas Validator, SoftStake.io is committed to the health and success of the Velas blockchain by providing reliable server infrastructure in the best data centers.
What is Velas?
Velas AG, headquartered in Switzerland, is a new generation dPoS (delegated Proof of Stake) blockchain project and a crypto ecosystem for decentralized applications (dApps), smart contracts and so much more. It was founded in 2020 by Alex Alexandrov, the founder of the world’s first and biggest Altcoin payment processor — Coinpayments.net.
One of the Velas’s most challenging goals is to create the fastest EVM.
You can read more about Velas in their whitepaper.
Velas in Numbers
Currently achievable performance metrics of Velas network:
- 50,000+ Transactions per Second;
- 400 ms Block time;
- $0.00001 fee per transaction.
Basic VLX metrics:
- Total supply — 2,124,380,663 VLX;
- Circulating Supply — 2,124,380,663 VLX;
- Inflation rate — 8%.
Comparison to other networks
Velas Ecosystem
Velas Account is a private and passwordless solution that simplifies interaction with blockchain applications to the level of Google and PayPal accounts, without compromising user security.
Velas Wallet is a multicurrency wallet with a stacking feature. The wallet works with cryptocurrencies such as Bitcoin, XRP, Ethereum, Monero and EOS along with the native Velas platform token (VLX). There are versions for all popular platforms (iOS, Linux, Mac).
VelasPad is the launchpad for the Velas ecosystem. Created to democratize access to the wealth of new projects building on Velas and accelerating the next generation of promising projects building on the Velas ecosystem.
EVM — Ethereum Virtual Machine, supports all smart contracts and dApps built on the Ethereum stack.
Access Management is a decentralized access management system, which allows users to control access to files on IPFS using multiple encryption types.
Velas Vault is a novel solution to store secrets and private keys. This enables various use cases, such as decentralized custody solutions of assets native to other blockchains (BTC, ETH, ERC-20, etc).
Explorers:
- http://native.velas.com Native explorer
- http://evmexplorer.velas.com EVM mainnet explorer
- http://evmexplorer.testnet.velas.com EVM testnet explorer
Links:
Velas token
The Velas token (VLX) is the native token for the Velas blockchain needed for smart contracts, transactions, application interaction, and network maintenance. VLX is available for trading on many crypto exchanges.
How to stake with SoftStake.io
Detailed SoftStake.io staking guide is coming soon.
The address of our validator’s vote account is: BPrJPZA2GM1HWjFtqUnsGxvyvaEFHSTPKjA78Ksu4evA
Velas documentation on how to delegate your stake is available on their official documentation.
