Introduction to Velas
This section introduces the blockchain technology and its application in Velas, focusing on Velas' hybrid architecture that combines the speed of Solana with the versatility of Ethereum. It also discusses the founding team's vision, Velas' strategic positioning in Crypto Valley, and its commitment to the Web 3.0 concept, emphasizing decentralization, user empowerment, and technological innovation.
Introduction to Blockchain and Velas
Blockchain technology provides a decentralized data management structure, fundamentally changing the way data is stored and transactions are processed in a distributed network. Its core features include immutability, transparency, and security. By allowing data to be stored in a computer network, blockchain eliminates the reliance on centralized institutions, enhancing the trust and efficiency of digital transactions.
Velas was founded in mid-2019 with the aim of combining the best features of centralized and decentralized systems to promote the development of a powerful blockchain ecosystem. Velas is headquartered in Zug, Switzerland, a blockchain innovation center known as Crypto Valley, making full use of the region's rich technical environment to push the boundaries of blockchain technology.
Velas' uniqueness lies in its operation of the world's fastest EVM/eBPF hybrid chain, with significant transaction throughput of up to 75,000 transactions per second and instant finality at extremely low cost. This performance is achieved through its unique hybrid architecture, combining Solana's high throughput with the Ethereum Virtual Machine (EVM) to ensure compatibility with Ethereum's mature ecosystem.
Velas' mission is to drive the development of the blockchain industry by developing a scalable, secure, and decentralized platform that supports a wide range of applications and services. Velas is committed to improving global digital interaction, with the goal of 'making the internet free again' - echoing the decentralized spirit of the early internet. The digital world in Velas' vision is one where blockchain technology is indispensable, accessible, and beneficial to users in various industries.
By integrating cutting-edge technology and adhering to the principles of Web 3.0, Velas has not only solved the triple challenges of blockchain - scalability, security, and decentralization, but also created an innovative, community-driven application development ecosystem for developers. This approach has positioned Velas as a cornerstone for the future development of decentralized applications (dApps) and financial protocols.
Founding Team and Mission
Velas was founded by Alex Alexandrov, who has a significant influence in the cryptocurrency and blockchain industry. Alexandrov is also the CEO of CoinPayments, a leading cryptocurrency payment processor, which highlights his rich background in digital currency and payment technology. His experience and vision in integrating blockchain solutions into practical, user-facing applications are at the core of Velas' foundational principles.
Alexandrov's philosophy combines a strong entrepreneurial spirit with keen insight into the blockchain field. His leadership stems from a commitment to innovation and a dedication to developing technology that is both advanced and user-friendly for a wide range of users to easily use and benefit from.
Drive Velas' mission
The mission of Velas is to create a scalable, secure, and decentralized blockchain platform that effectively solves the inherent challenges of existing blockchain technologies, namely the blockchain trilemma: scalability, security, and decentralization. The company aims to provide a robust infrastructure for deploying decentralized applications (dApps) that can operate at network scale while maintaining low cost and high throughput.
Core Objective
- ScalabilityOvercoming the limitation of slow transaction speed in traditional blockchain systems when processing a large number of transactions. Velas achieves this goal by innovatively using a hybrid blockchain, leveraging Solana's high throughput capacity.
- SecurityEnsuring the integrity and security of transactions on the blockchain is crucial to gaining the trust of users and developers.
- DecentralizedTo maintain a truly decentralized network, avoid the drawbacks of centralized control, and support a democratic, user-governed ecosystem.
Velas is committed to Web 3.0, aiming to promote the development of decentralized Internet and empower users rather than central authorities. This commitment is reflected in Velas' continuous efforts to develop a platform that not only supports technological innovation, but also cultivates a strong community within its ecosystem. Its overall goal is to make the Internet 'free again', which means open, accessible, and conducive to privacy protection and user sovereignty.
Velas in Crypto Valley
Zug, Switzerland, commonly known as Crypto Valley, is renowned for its thriving blockchain ecosystem. This region has become the center for global cryptocurrency and blockchain development, much like the role Silicon Valley plays in technological innovation in the United States. Choosing Zug as Velas' headquarters is a strategic decision that leverages the region's advanced regulatory framework conducive to blockchain innovation, as well as its rich network of blockchain experts and investors.
Regulatory clarity
Switzerland has provided one of the most progressive regulatory environments in the world for blockchain and crypto businesses. Clear legal framework provides certainty for blockchain companies, enabling them to operate with confidence in compliance.
Innovators Network
Zug has brought together a large number of blockchain startups and service providers, promoting technological synergy and cooperation, thus driving technological progress and application promotion. As part of this ecosystem, Velas is able to access a wide range of partnerships and technical exchanges.
Financial Incentives
The Swiss government provides various financial incentives for technology startups, including tax breaks and government subsidies, which are very advantageous for growth companies like Velas.
Cryptoverse's ecosystem
The Zug ecosystem includes a complete network, not only with startups and tech giants, but also research institutions and financial companies focusing on digital currency. This environment promotes innovation and drives the development of cutting-edge blockchain solutions. For Velas, being at the core of Crypto Valley means direct access to cutting-edge blockchain research, high-tech talent, and investment capital.
Impact on Velas
The presence of Velas in Crypto Valley is not just a matter of geographical location, but also the integration of an ecosystem that supports blockchain innovation. This integration supports Velas' mission to build a scalable, secure, and user-friendly blockchain platform. It enables Velas to always stay at the forefront of blockchain technology development, ensuring that the platform can develop in sync with the latest industry standards and innovations.
By establishing its headquarters in Zug, Velas fully leverages the vibrant and supportive environment offered by Crypto Valley, enhancing its innovation and technological scalability. This strategic positioning underscores Velas' commitment to leading the blockchain field through continuous improvement and community collaboration.
Introduction to Velas
This section introduces the blockchain technology and its application in Velas, focusing on Velas' hybrid architecture that combines the speed of Solana with the versatility of Ethereum. It also discusses the founding team's vision, Velas' strategic positioning in Crypto Valley, and its commitment to the Web 3.0 concept, emphasizing decentralization, user empowerment, and technological innovation.
Introduction to Blockchain and Velas
Blockchain technology provides a decentralized data management structure, fundamentally changing the way data is stored and transactions are processed in a distributed network. Its core features include immutability, transparency, and security. By allowing data to be stored in a computer network, blockchain eliminates the reliance on centralized institutions, enhancing the trust and efficiency of digital transactions.
Velas was founded in mid-2019 with the aim of combining the best features of centralized and decentralized systems to promote the development of a powerful blockchain ecosystem. Velas is headquartered in Zug, Switzerland, a blockchain innovation center known as Crypto Valley, making full use of the region's rich technical environment to push the boundaries of blockchain technology.
Velas' uniqueness lies in its operation of the world's fastest EVM/eBPF hybrid chain, with significant transaction throughput of up to 75,000 transactions per second and instant finality at extremely low cost. This performance is achieved through its unique hybrid architecture, combining Solana's high throughput with the Ethereum Virtual Machine (EVM) to ensure compatibility with Ethereum's mature ecosystem.
Velas' mission is to drive the development of the blockchain industry by developing a scalable, secure, and decentralized platform that supports a wide range of applications and services. Velas is committed to improving global digital interaction, with the goal of 'making the internet free again' - echoing the decentralized spirit of the early internet. The digital world in Velas' vision is one where blockchain technology is indispensable, accessible, and beneficial to users in various industries.
By integrating cutting-edge technology and adhering to the principles of Web 3.0, Velas has not only solved the triple challenges of blockchain - scalability, security, and decentralization, but also created an innovative, community-driven application development ecosystem for developers. This approach has positioned Velas as a cornerstone for the future development of decentralized applications (dApps) and financial protocols.
Founding Team and Mission
Velas was founded by Alex Alexandrov, who has a significant influence in the cryptocurrency and blockchain industry. Alexandrov is also the CEO of CoinPayments, a leading cryptocurrency payment processor, which highlights his rich background in digital currency and payment technology. His experience and vision in integrating blockchain solutions into practical, user-facing applications are at the core of Velas' foundational principles.
Alexandrov's philosophy combines a strong entrepreneurial spirit with keen insight into the blockchain field. His leadership stems from a commitment to innovation and a dedication to developing technology that is both advanced and user-friendly for a wide range of users to easily use and benefit from.
Drive Velas' mission
The mission of Velas is to create a scalable, secure, and decentralized blockchain platform that effectively solves the inherent challenges of existing blockchain technologies, namely the blockchain trilemma: scalability, security, and decentralization. The company aims to provide a robust infrastructure for deploying decentralized applications (dApps) that can operate at network scale while maintaining low cost and high throughput.
Core Objective
- ScalabilityOvercoming the limitation of slow transaction speed in traditional blockchain systems when processing a large number of transactions. Velas achieves this goal by innovatively using a hybrid blockchain, leveraging Solana's high throughput capacity.
- SecurityEnsuring the integrity and security of transactions on the blockchain is crucial to gaining the trust of users and developers.
- DecentralizedTo maintain a truly decentralized network, avoid the drawbacks of centralized control, and support a democratic, user-governed ecosystem.
Velas is committed to Web 3.0, aiming to promote the development of decentralized Internet and empower users rather than central authorities. This commitment is reflected in Velas' continuous efforts to develop a platform that not only supports technological innovation, but also cultivates a strong community within its ecosystem. Its overall goal is to make the Internet 'free again', which means open, accessible, and conducive to privacy protection and user sovereignty.
Velas in Crypto Valley
Zug, Switzerland, commonly known as Crypto Valley, is renowned for its thriving blockchain ecosystem. This region has become the center for global cryptocurrency and blockchain development, much like the role Silicon Valley plays in technological innovation in the United States. Choosing Zug as Velas' headquarters is a strategic decision that leverages the region's advanced regulatory framework conducive to blockchain innovation, as well as its rich network of blockchain experts and investors.
Regulatory clarity
Switzerland has provided one of the most progressive regulatory environments in the world for blockchain and crypto businesses. Clear legal framework provides certainty for blockchain companies, enabling them to operate with confidence in compliance.
Innovators Network
Zug has brought together a large number of blockchain startups and service providers, promoting technological synergy and cooperation, thus driving technological progress and application promotion. As part of this ecosystem, Velas is able to access a wide range of partnerships and technical exchanges.
Financial Incentives
The Swiss government provides various financial incentives for technology startups, including tax breaks and government subsidies, which are very advantageous for growth companies like Velas.
Cryptoverse's ecosystem
The Zug ecosystem includes a complete network, not only with startups and tech giants, but also research institutions and financial companies focusing on digital currency. This environment promotes innovation and drives the development of cutting-edge blockchain solutions. For Velas, being at the core of Crypto Valley means direct access to cutting-edge blockchain research, high-tech talent, and investment capital.
Impact on Velas
The presence of Velas in Crypto Valley is not just a matter of geographical location, but also the integration of an ecosystem that supports blockchain innovation. This integration supports Velas' mission to build a scalable, secure, and user-friendly blockchain platform. It enables Velas to always stay at the forefront of blockchain technology development, ensuring that the platform can develop in sync with the latest industry standards and innovations.
By establishing its headquarters in Zug, Velas fully leverages the vibrant and supportive environment offered by Crypto Valley, enhancing its innovation and technological scalability. This strategic positioning underscores Velas' commitment to leading the blockchain field through continuous improvement and community collaboration.