Tag: VLX Token

Velas Blockchain is a decentralized artificial intelligence (AI)-powered blockchain. The Velas Network is host to a diverse range of decentralized applications (dApps), including VelasPad and BitOrbit. Also, the native VLX token is an essential part of the Velas Artificial Intelligent Delegated Proof of Stake (AIDPoS) consensus algorithm. It is used as a unit of account throughout the network in conjunction with Velas Wallet. Furthermore, Velas Blockchain uses the Solana blockchain codebase with additional Ethereum Virtual Machine (EVM) functionality. This enables the Velas development community to create cross-chain applications that benefit from super-fast transaction confirmations and low fees. Moreover, the platform aims to promote the mass adoption of blockchain and Web3 technologies by providing a familiar and flexible ecosystem of tools and services.