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1.52%
What is VLX (Velas)? Introduction to platforms that can buy and sell VLX (Velas)
Velas [VLX] is a high-performance blockchain platform that leverages AI-powered consensus for enhanced transaction finality and network efficiency.
Oct 07, 2024 at 06:24 pm
What is Velas [VLX]?
Velas [VLX] is a high-performance blockchain platform designed for decentralized applications and smart contracts. It utilizes a novel AI-powered consensus mechanism known as Proof-of-Stake with Randomness (PoSR) to enhance transaction finality and network efficiency.
Key Features of Velas [VLX]:
- AI-powered Consensus (PoSR): The PoSR algorithm leverages artificial intelligence to select block validators randomly, ensuring fairness and minimizing latency.
- High Scalability: Velas aims to process transactions extremely quickly, with a theoretical throughput of up to 75,000 transactions per second.
- Smart Contracts: Velas supports the creation and execution of decentralized smart contracts, enabling the development of various applications and services.
- Cross-Chain Interoperability: Velas utilizes a cross-chain communication protocol to facilitate communication with other blockchain networks.
- Proof-of-History (PoH): The platform utilizes a secondary consensus mechanism called Proof-of-History to speed up transaction verification.
Platforms to Buy and Sell VLX [Velas]:
Centralized Exchanges:
- Binance: One of the most popular cryptocurrency exchanges, Binance offers VLX trading pairs against Bitcoin [BTC], Ethereum [ETH], and Tether [USDT].
- KuCoin: Another renowned exchange, KuCoin provides VLX trading pairs with USDT and BTC.
- Huobi Global: Huobi Global is a top-rated Asian exchange that facilitates the trading of VLX with USDT, BTC, and EOS.
Decentralized Exchanges (DEX):
- PancakeSwap: This decentralized exchange on the Binance Smart Chain supports VLX trading with USDT and BNB.
- SushiSwap: SushiSwap allows users to swap VLX for other tokens on the Ethereum network, primarily using USDC and USDT.
- UniSwap: UniSwap is another decentralized exchange on the Ethereum network that enables the trading of VLX with ETH and stablecoins like USDT.
Conclusion:
Velas [VLX] is an innovative blockchain platform that offers exceptional scalability, security, and smart contract capabilities. Its unique consensus mechanism and support for cross-chain interoperability make it a promising platform for the development of decentralized applications. Investors can conveniently buy and sell VLX on both centralized and decentralized exchanges, providing access to global cryptocurrency markets.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
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