Velas blockchain is an AI-powered and high-speed Proof-of-Stake (PoS) blockchain platform that enables users to build decentralized applications using smart contracts. It boasts the world’s fastest Ethereum Virtual Machine (EVM) with over 3,000 transactions per second (TPS).

The network is powered by the VLX token 1, which can be used to pay for transaction fees and access various decentralized services, such as staking and governance. Velas blockchain utilizes Artificial Intelligences (AI) and Machine Learning (ML) algorithms to ensure high security, scalability, and energy efficiency. The project is developed by Alex Alexandrov and his team, and has gained attention in the blockchain industry for its innovative approach to decentralization.