What is VLX (Velas)? What can VLX (Velas) do? How to store VLX (Velas)?

Built around artificial intelligence, Velas (VLX) empowers developers to build decentralized applications with high performance, security, and usability.

Oct 01, 2024 at 09:00 am

What is VLX (Velas)?

1. Velas is a decentralized blockchain protocol built around artificial intelligence.
2. The Velas blockchain's primary focus is on empowering developers and enterprises to build and scale decentralized applications (dApps) with high performance, security, and usability.

What can VLX (Velas) do?

1. Leverage AI-enhanced features: Velas utilizes artificial intelligence algorithms, including machine learning, to optimize network performance, detect fraudulent activities, and enhance user experience.
2. High transaction speeds: Velas offers fast transaction speeds capable of processing thousands of transactions per second, enabling near-instantaneous and cost-effective transfers.
3. Enterprise-friendly solutions: Velas provides enterprise-grade solutions, such as customizable sidechains and APIs, to simplify the integration and deployment of blockchain applications for businesses.
4. Interoperability: Velas supports interoperability with other blockchains and networks, allowing seamless transfer and use of assets and data across multiple platforms.

How to store VLX (Velas)?

1. Official Velas Wallet: Store VLX in the official Velas Wallet, available for iOS, Android, and desktop, offering secure storage, staking, and transaction management.
2. Hardware Wallets: Use hardware wallets such as Ledger or Trezor to securely store VLX offline, providing the highest level of protection against online hacks and attacks.
3. Software Wallets: Keep VLX in multi-currency software wallets like Exodus, Atomic Wallet, or Trust Wallet, balancing convenience and security.
4. Exchange Wallets: Store VLX on cryptocurrency exchanges such as Binance, Huobi, or OKX, but note that this method offers limited control over private keys.
5. Validator Nodes: If you're a validator, you can store VLX on your own validator node, which requires technical expertise and the ability to meet certain hardware and software requirements.