Velas provides a high-performance EVM-compatible blockchain designed for the rapid development of smart contracts and decentralized applications (dApps), achieving transaction finality in just 1.2 seconds and processing over 50,000 transactions per second. The platform addresses the need for a scalable, secure, and carbon-neutral infrastructure, enabling developers to create efficient dApps while minimizing environmental impact.
Funding
$138.8M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
TGFounders
Product
Problem
Developing decentralized applications (dApps) often requires scalable, secure, and environmentally sustainable blockchain infrastructure. Existing solutions may lack the speed, cost-effectiveness, or carbon neutrality needed for widespread adoption.
Solution
Velas provides a high-performance, carbon-neutral, EVM-compatible blockchain platform designed for rapid dApp development. The platform achieves fast transaction finality and high throughput, enabling developers to build efficient and scalable dApps. By combining EVM compatibility with energy-efficient Delegated Proof-of-Stake (DPoS) consensus, Velas offers a solution that minimizes environmental impact while maximizing performance. The Velas ecosystem aims to provide developers with the tools and infrastructure needed to create and deploy innovative blockchain applications.
Target Audience
The primary target audience includes dApp developers, blockchain projects, and enterprises seeking a scalable, cost-effective, and carbon-neutral blockchain platform.
Features
- EVM-compatible blockchain for seamless deployment of Ethereum-based smart contracts
- eBPF support for enhanced efficiency and scalability
- Carbon-neutral DPoS consensus mechanism for environmentally friendly operations
- Fast transaction finality (1.2 seconds)
- High transaction throughput (50,000+ transactions per second)
- Cross-chain bridging capabilities
- Grants program to support new projects