Velas Crypto Price Prediction, Value and Chart (VLX)

Velas (VLX) Frequently Asked Questions

What is Velas?

Velas ™ is a self-learning and self-optimizing blockchain platform for secure, interoperable, extremely scalable transactions and smart contracts. The Velas blockchain uses neural networks optimized by artificial intelligence to enhance its consensus algorithm, which maintains decentralization, stability, and security. (Description provided by CryptoCompare)

How do I buy Velas?

It is not possible to buy all cryptocurrencies with U.S. dollars. Bitcoin, Bitcoin Cash, Ethereum, Litecoin and other popular cryptocurrencies can be purchased with U.S. dollars using Coinbase or BlockFi. Once you have purchased Bitcoin using Coinbase, you can then transfer your Bitcoin to an exchange such as Binance to purchase other cryptocurrencies, including Velas.

Where can I get Velas wallet?

Velas produces its own wallet software that is available for download on its website, which allows you to store Velas on your computer. For maximum security, you can store your cryptocurrencies on a dedicated hardware wallet such as a TREZOR wallet or a Ledger Nano X. If you do not wish to buy a hardware wallet, you may consider using a mobile wallet such as Atomic Wallet, Jaxx, or Coinomi to store multiple cryptocurrencies with some added security benefits.

What is the value of Velas?

One Velas (VLX) is currently worth $0.04 on major cryptocurrency exchanges. You can also exchange one Velas for 0.00000218 bitcoin(s) on major exchanges. The value (or market capitalization) of all available Velas in U.S. dollars is $97.23 million.

What hashing algorithm does Velas use?

Velas is a proof of stake (PoS) coin that uses the Delegated Proof-of-Stake algorithm.

How do I mine Velas?

Velas is a proof-of-stake (PoS) currency, which means that blocks on the Velas blockchain are not mined using hashing algorithms like Bitcoin. Rather, coins are earned by "staking" existing coins on the network or by running a master node.

What coins are similar to Velas?

The following coins use the same hashing algorithm (Delegated Proof-of-Stake) as Velas: TRON, Hive, WAX, GXChain, FIO Protocol, Credit Tag Chain, 0Chain, Qredit, Metaverse Dualchain Network Architecture, Centric Cash, LiquidApps, 8X8 PROTOCOL, BeatzCoin, Nokencoin and Ndau.

What is the Reddit page for Velas?

The official Reddit community (subreddit) for Velas is r/Velas.