The fourteenth summary of everything that has happened with Velas these past few weeks!

What is Velas FlashLight?

It’s all in the name — the latest and greatest news behind Velas across the globe, broken down into fast, digestible bites (Flash) illuminating the hard work our team has delivered in the past few weeks or so (Light).

Velas FlashLight is a bi-weekly roundup of Velas in the news and across social media, from videos and mentions from your favorite YouTubers and Twitter influencers, to waves Velas is making in traditional media and articles. All in one place.


Velas is excited to share details around the newly launched VelasPad Ambassador Program

Good day, Velonians!

We hope that everyone is enjoying the massive movements made throughout this emerging crypto trend recently. Today, we are thrilled to announce that Velas is collaborating with VelasPad to run an exciting contest open to all of our amazing community members.

What’s the contest? The task is pretty simple, but the prize is promising. Without further ado, let’s get started!

We are running an Ambassador Program where community members are expected to change their Display Picture to the image of the VelasPad Telegram display picture, and add ‘VelasPad’ to their name. (Example: John |VelasPad)

When is this program running?

The program will…


The thirteenth summary of everything that has happened with Velas these last two weeks!

What is Velas FlashLight?

It’s all in the name — the latest and greatest news behind Velas across the globe, broken down into fast, digestible bites (Flash) illuminating the hard work our team has delivered in the past few weeks or so (Light).

Velas FlashLight is a bi-weekly roundup of Velas in the news and across social media, from videos and mentions from your favorite YouTubers and Twitter influencers, to waves Velas is making in traditional media and articles. All in one place.


Velas is proud to announce the launch of a $5 million funding program to support the growth of the Velas ecosystem and expand our reach in the new Web 3.0 epoch

Today we are announcing the launch of a major funding program for projects to build upon the Velas Blockchain, driving innovation to the fastest blockchain on the planet — to the tune of $5 million total.

We are inviting projects and developers to join our ecosystem of user-friendly, transparent and privacy-respecting products built on top of the Velas blockchain. Just port your code from Ethereum, or develop on our native chain, to deploy your application within minutes.

For full technical details on the Velas Funding Program, click HERE.

Investments


The twelfth summary of everything that has happened with Velas these last two weeks!

What is Velas FlashLight?

It’s all in the name — the latest and greatest news behind Velas across the globe, broken down into fast, digestible bites (Flash) illuminating the hard work our team has delivered in the past few weeks or so (Light).

Velas FlashLight is a bi-weekly roundup of Velas in the news and across social media, from videos and mentions from your favorite YouTubers and Twitter influencers, to waves Velas is making in traditional media and articles. All in one place.


The eleventh summary of everything that has happened with Velas these past two weeks!

What is Velas FlashLight?

It’s all in the name — the latest and greatest news behind Velas across the globe, broken down into fast, digestible bites (Flash) illuminating the hard work our team has delivered in the past few weeks or so (Light).

Velas FlashLight is a bi-weekly roundup of Velas in the news and across social media, from videos and mentions from your favorite YouTubers and Twitter influencers, to waves Velas is making in traditional media and articles. All in one place.


Velas is diving deeper than ever before into the technology and logic behind Velas AIDPOS, and how it is set to revolutionize the crypto-landscape.

We continue our series about AIDPoS consensus mechanism, explaining how the algorithm adapts the Velas blockchain to the current circumstances of the network, preserving throughput (processed and validated transactions) and network stability in optimal ranges.

Main Motivation (Why)

In our opinion, from the user experience perspective blockchain should always be working in instant transaction confirmation mode, just like centralized payment services, such as Visa and Mastercard. Instant transaction confirmation mode, meaning that any transaction will be processed and validated within a seconds.

Visa handles about 5000 transactions per second (although Visa claims a whopping 65,000 transactions per second, a widely debated figure). Similarly…


The tenth summary of everything that has happened with Velas these last two weeks!

What is Velas FlashLight?

It’s all in the name — the latest and greatest news behind Velas across the globe, broken down into fast, digestible bites (Flash) illuminating the hard work our team has delivered in the past few weeks or so (Light).

Velas FlashLight is a bi-weekly roundup of Velas in the news and across social media, from videos and mentions from your favorite YouTubers and Twitter influencers, to waves Velas is making in traditional media and articles. All in one place.


Today, most app developers are shifting their focus to micro-service architecture. The most desired features of software solutions are performance and flexibility, and by applying predefined blockchain rules, structures are implemented that control how data is interacted with. Applications, however, remain the primary interface for end-users, where security and usability are developers’ pain point.

Security

The “client instance” interacts with the front-end Dapp and acts as the constructor of the smart contract transaction, visually describing what the user is doing.

Just as an example of this in practice: the publishing of a smart-contract is allowed in the Ethereum blockchain, but wallets with the web3 protocol support user will need to interact. This Wallet locally recreates “client instance of the contract”, interacting with the user and the smart contract to perform different operations.

The launch of the designer can be divided between:

  • The client code of the application/ wallet
  • The Browser
  • The Dapp Browser

The wallet…


According to research by NordPass, the average user holds 70–80 passwords each. That is a *lot* of passwords to remember. It is no surprise, then, that digital users’ security is a bottleneck and the main goal of hackers — this is why passwordless authentication becomes more and more popular, and more and more vital in a modern digital landscape.

Passwordless Authentication is one of the many quality of life security features within Velas that ensures the entire ecosystem is efficient for the user to engage with, while maintaining crucial security at its very core.

Motivation

Having to create multiple accounts across multiple applications and platforms negatively impacts a product’s attractiveness and convenience. Having a Facebook account, for example, enables users to seamlessly sign into other services with it, reducing friction. Paid services, however, request additional information such as credit card binding which is unavailable during user authorization.

This is why services that implement Passwordless Authentication look increasingly attractive, as they don’t require additional time for authorization.

This technology is promoted by centralized services like Google, Facebook, Apple, Microsoft.

The disadvantages of centralized systems are:

  • Every centralized system is a single point of failure. For example, during regularly scheduled maintenance operations on…

Velas Official

Velas is Artificial Intuition-operated DPoS Blockchain and Ecosystem for secure, interoperable, extremely scalable transactions. Visit: www.velas.com

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store