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$212.2515
0.31% - Uniswap
$6.2444
1.23% - Aptos
$5.3393
0.62%
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.
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