Velas

About Velas

Velas (VLX) is a blockchain platform launched in 2019 by Alex Alexandrov, founder of CoinPayments, one of the earliest large-scale cryptocurrency payment processors. What sets Velas apart is its use of artificial intelligence and neural networks to optimize its delegated proof-of-stake consensus mechanism, aiming to address common blockchain weaknesses such as centralization, scalability, and security vulnerabilities. The network supports smart contracts, decentralized applications, and AI-driven projects. Velas evolved from the CoinPayments ecosystem and is developed by Velas AG, a Switzerland-based organization targeting high-performance, developer-friendly blockchain infrastructure.