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What is Velas?

This innovative fork built on Solana incorporates EVM compatibility, effectively merging the speed of a hybrid blockchain that combines EVM and EBPF while leveraging the strengths of Solana for the Ethereum ecosystem. It facilitates the deployment of various smart contracts initially created for the Ethereum network. Users benefit from enhanced performance levels at notably reduced costs, with the possibility of staking to aid in decentralization while simultaneously earning rewards. The Velas Network provides a suite of decentralized services, empowering users to securely manage their passwords, keys, and seed phrases through the utilization of sophisticated segmentation algorithms and validators committed to safeguarding data. Importantly, this data is distributed securely across the network, making it inaccessible to any single participant. Such a forward-thinking method not only bolsters security but also fosters greater trust in decentralized technologies, ensuring users feel more confident in utilizing the platform for their needs. In this manner, the Velas Network stands out as a significant player in the blockchain space, prioritizing user security and efficiency.

What is MasterKey?

MasterKey is an application designed to safeguard digital assets effectively. It provides a secure environment for storing various private key phrases and allows users to retrieve them whenever needed. To guarantee both security and swift recovery, the app employs an enterprise-grade private blockchain called R3 Corda. By utilizing a blockchain algorithm, the application converts the stored seed phrase into a secure password, enhancing its protection. Users are required to undergo a three-step identity verification process—comprising Email, SMS, and Name verification—before they can store any information. Recovery of the stored data is strictly contingent upon the matching of identity details, ensuring that only the rightful user can access their recovery text stored within MasterKey. This multi-layered approach not only fortifies data security but also instills user confidence in managing their digital assets.

Media

Media

Integrations Supported

Bitget Wallet
DEX Screener
Ethereum
KyberSwap
PredictKube
Swapz
Velas Wallet

Integrations Supported

API Availability

API Availability

Pricing Information

Pricing not provided
Free Version

Pricing Information

$9.90 per month

Supported Platforms

SaaS

Supported Platforms

Android
iPhone

Customer Service / Support

Not specified

Customer Service / Support

Standard Support

Training Options

Documentation Hub

Training Options

Documentation Hub
Webinars

Company Facts

Organization Name

Velas

Date Founded

2019

Company Location

Switzerland

Company Website

velas.com

Company Facts

Organization Name

DigiFinance

Date Founded

2018

Company Location

Singapore

Company Website

www.the-masterkey.com

Categories and Features

Blockchain

Not specified

DeFi Projects

Not specified

Layer 1 Protocols

Not specified

Categories and Features

Crypto

Not specified

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