Velas

What Is Velas (VLX)?

Velas stands out as an innovative Solana L1 Fork, integrated with a complete EVM blockchain, effectively bridging the gap between the familiar environment of the EVM and unmatched performance.

Velas features a highly distinctive dual-chain architecture that flawlessly combines two major advantages: the strong security and well-established developer ecosystem of the EVM, along with Solana's rapid transaction processing. This hybrid model opens up a wealth of opportunities for Ethereum projects looking to overcome congestion issues and scale more effectively.

The standout characteristic of Velas is its full compatibility with the EVM. With just one click, existing Ethereum smart contracts can be transferred over without the need for costly code rewrites, retaining all the valuable expertise invested in the EVM ecosystem. This effortless migration facilitates a smooth transition, enabling developers to use their current skills and tools on a high-speed and scalable platform.

Velas takes advantage of Solana's parallel transaction processing capabilities to achieve remarkable speeds exceeding 75,000 TPS. This results in nearly instantaneous transaction completion and very low fees, which is a significant improvement over Ethereum's often congested and pricey environment. For developers and users, this means a smoother and more effective experience overall.

*But speed is just one of its many attributes. Velas is also:*

* Decentralized: The network is not controlled by any central authority. Instead, it empowers the community through a secure Proof-of-Stake (PoS) consensus mechanism.
* Carbon-neutral: With a focus on sustainability, Velas uses a green PoS mechanism to minimize energy use.
* Accessible: Developing on Velas is straightforward, thanks to its comprehensive developer tools and EVM/Solidity support.