Over the years, numerous scalability issues afflicting blockchain networks have been noticeable. As the second-biggest crypto project and the most prominent cryptocurrency, Ethereum has demonstrated the possibilities of blockchain technology go well beyond its primary usage as a decentralized ledger for the storage of transactions. As a result of Ethereum…

34th edition of everything that has happened with Velas over these past few weeks What is Velas FlashLight? It’s all in the name — Velas FlashLight is the latest and greatest news behind Velas across the globe broken down into fast, digestible bites to highlight the hard work the Velas team has delivered over the past few weeks. Velas FlashLight is a bi-weekly roundup of Velas in the…

Being the main structure of the blockchain, Layer 1 determines the scalability of projects. Among the well-known examples of this layer are Bitcoin, Ethereum, Solana, and BNB Chain. Below we will find out how these Layer 1 blockchain solutions affect the scalability of higher-tier crypto projects (and how they can…

Despite the fact that the blockchain became a popular technical concept in 2008 as the main technology for implementing Bitcoin, at present, its scope covers many business industries. We will talk about what blockchain can be used for below. 5 Use Cases of Distributed Ledger Technology In fact, the future of blockchain has already arrived — literally…

33rd edition of everything that has happened with Velas over these past few weeks What is Velas FlashLight? It’s all in the name — Velas FlashLight is the latest and greatest news behind Velas across the globe broken down into fast, digestible bites to highlight the hard work the Velas team has delivered over…

Joining forces with SpaceChain, Velas managed to launch its first successful blockchain transaction in space, but the project is about to move further across the Milky Way. Focusing our efforts ever so passionately, with a trembling sense of discovery and innovation, the team at Velas continues to work on pushing…

Considering decentralization as one of the main principles of the blockchain, ordinary network users can take part in the approval of each new block: not everyone but those who were selected by special consensus algorithms, such as Proof-of-Work and Proof-of-Stake. Both of these algorithms were implemented at different times in…

An exciting new collaboration between Velas and Woonkly is set to deliver higher performance, better security, and enhanced accessibility for users of both networks. October 13 2022, Leading blockchain protocol Velas and Metasocial network Woonkly have today announced details of a new partnership that will connect current and future users…

We are excited to announce our partnership with BlocksScan Explorer, a powerful block explorer that provides users with access to all blocks and transactions on the Velas Network. With this update, users can now search for any blocks or transactions on the Velas Network by going to velasblocks.com. …