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.

Pricing

Free Version:
Free Version available.

Integrations

Screenshots and Video

Velas Screenshot 1

Company Facts

Company Name:
Velas
Date Founded:
2019
Company Location:
Switzerland
Company Website:
velas.com

Product Details

Deployment
SaaS
Training Options
Documentation Hub

Product Details

Target Company Sizes
Individual
1-10
11-50
51-200
201-500
501-1000
1001-5000
5001-10000
10001+
Target Organization Types
Mid Size Business
Small Business
Enterprise
Freelance
Nonprofit
Government
Startup
Supported Languages
English

Velas Categories and Features

More Velas Categories

Velas Customer Reviews

Write a Review
  • Reviewer Name: Can K.
    Position: Software Engineer
    Has used product for: 1-2 Years
    Uses the product: Daily
    Org Size (# of Employees): 100 - 499
    Feature Set
    Layout
    Ease Of Use
    Cost
    Customer Service
    Would you Recommend to Others?
    1 2 3 4 5 6 7 8 9 10

    Fastest EVM compitable chain

    Date: Jul 12 2022
    Summary

    Reliable and fast chain, easy to use! Also I can delegate my $VLX on wallet and that helps me earn passive income.

    Positive

    Velas is the fastest EVM compatible chain. I can use Metamask for transactions. When I clicked accept , transactions occur in less than 1 second. It has 50-75K TPS capability.

    Negative

    More NFT and Gaming projects can be on that chain.

    Read More...
  • Reviewer Name: A Verified Reviewer
    Position: User
    Has used product for: 6-12 Months
    Uses the product: Weekly
    Org Size (# of Employees): 1 - 25
    Feature Set
    Layout
    Ease Of Use
    Cost
    Customer Service
    Would you Recommend to Others?
    1 2 3 4 5 6 7 8 9 10

    Velas: One of the Fastest EVM Blockchains in the World

    Date: Jul 16 2022
    Summary

    My experience is:

    1. I use Wallet Velas to store my assets like BTC, ETH, BNB & VLX. Besides being able to store my assets, Wallet Velas can be used for Swap your assets from different chain. Let's say you have BNB in BNB chain, with Wallet Velas you can swap it directly into Velas chain.

    Another than that I usually use Wallet Velas for Staking my $VLX. It's very simple and transparency also flexible for us to doing it.

    You can try it in Website, Google Play store also App Store

    2. Product in Velas is also very interesting. as an example in one of product Velas which is DeFi named WagyuSwap you can Farming some assets and also staking in there. but one feature that have a unique and valuable is lottery. i can't find any DeFi have this lottery like in wagyuswap.

    You should be explore more in Velas ecosystem. no matter what this is the one of the potentiality for growth up in the future.

    Positive

    Velas is great place for your journey in cryptocurrency and blockchain. What I like from Velas is the cheaper fees and Fast Transaction. With the fastest EVM Blockchain 75k tps and transaction fees are only $~0.00001 per 1 transaction, which is almost free.

    Negative

    I don't see any problem with Velas so far, but maybe i expect Velas can be expand and growth up more product and utility that they have in their ecosystem.

    So with that i think everyone will more like it and convenient to use Velas for anything inside of the ecosystem Velas itself.

    Read More...
  • Reviewer Name: Akash C.
    Position: Community Manager
    Has used product for: 6-12 Months
    Uses the product: Weekly
    Org Size (# of Employees): 1 - 25
    Feature Set
    Layout
    Ease Of Use
    Cost
    Customer Service
    Would you Recommend to Others?
    1 2 3 4 5 6 7 8 9 10

    Velas Potential

    Date: Jul 28 2022
    Summary

    I am using this chain since from last few months, it completes a transaction with almost zero fee (very less fee) instantly.

    Positive

    Velas is one of the fastest blockchain in the market with more than 50K TPS which is far better than other major blockchains.

    Negative

    Nothing much is available to write in this section for now.

    Read More...
  • Reviewer Name: Vu V.
    Position: User
    Has used product for: 2+ Years
    Uses the product: Daily
    Org Size (# of Employees): 26 - 99
    Feature Set
    Layout
    Ease Of Use
    Cost
    Customer Service
    Would you Recommend to Others?
    1 2 3 4 5 6 7 8 9 10

    Velas is the fastest blockchain in the world

    Date: Jul 12 2022
    Summary

    Transactions on Velas happen at a fast pace and great user experience. User can staking VLX on Velas Wallet. Now is a good time to pocket more VLX to hold and wait for a bull run in the next few years. I believe there will be more projects developed on Velas. I believe VLX will be in the top 20 on CMC.

    Positive

    High TPS up to 75k+
    Still have the chance to listing on other big exchange like Binance, Coinbase,...

    Negative

    Currently there are still few projects running on Blockchain Velas.

    Read More...
  • Reviewer Name: A Verified Reviewer
    Position: System Engineer
    Has used product for: 2+ Years
    Uses the product: Weekly
    Org Size (# of Employees): 1 - 25
    Feature Set
    Layout
    Ease Of Use
    Cost
    Customer Service
    Would you Recommend to Others?
    1 2 3 4 5 6 7 8 9 10

    Best hybrid EVM

    Date: Jul 15 2022
    Summary

    The experience was great, we are a node operator company and we can't say nothing negative. Good developers and node operators community always available to help, great monitoring tools available.

    Positive

    Good documentation available for developers, the process to move from other EVM chain is very simple and easy to follow. In case of issues they offer support in Telegram.

    As node operator, we haven´t found any issue, the process is very similar to Solana.

    Negative

    Is a new chain, so, new stuff as the wallet can improve the UI, the wallet is not directly compatible with hardware wallets.

    Read More...
  • Reviewer Name: A Verified Reviewer
    Position: Web3 developer
    Has used product for: Less than 6 months
    Uses the product: Daily
    Org Size (# of Employees): 1 - 25
    Feature Set
    Layout
    Ease Of Use
    Cost
    Customer Service
    Would you Recommend to Others?
    1 2 3 4 5 6 7 8 9 10

    Short Velas review

    Date: Jul 29 2022
    Summary

    In general, I can say that I liked working with Velas because of the nice UI, usability, fee price and the fact that the developers are constantly announcing more and more new collaborations, I want to see what happens next.

    Positive

    -Very fast transactions
    -Almost zero fee
    -Many ways to buy coins
    -Wallet is a little complicated at first, but well worth the effort

    Negative

    -Can't say anything yet.

    Read More...
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