Top Loser April 27th – Velas
Velas is today's biggest loser. Velas is currently trading at $0.1424 USD, with a 24-hour trading volume of $6.91 million dollars. In the last 24 hours, VLX has dropped -12.19 percent. It is now trading at a -30.79 percent discount to its all-time high of 0.2057 USD and a 1,34 percent discount to its all-time low of 0.1405 USD. The circulating supply of VLX is 2,29 billion VLX. Velas blockchain leverages AI-enhanced DPOS (AIDPOS) consensus for high-volume transaction processing without sacrificing decentralization or security, according to the company.
What is the Velas blockchain?
Velas Blockchain is a decentralized blockchain-driven by artificial intelligence (AI). VelasPad and BitOrbit, for example, are two decentralized applications (dApps) that run on the Velas Network. In addition, the Velas Artificial Intelligent Delegated Proof of Stake (AIDPoS) consensus mechanism requires the native VLX token. In conjunction with Velas Wallet, it is utilized as a unit of account across the network.
Velas Blockchain also makes use of the Solana blockchain technology, but with added Ethereum Virtual Machine (EVM) features. The Velas development community may now design cross-chain applications with super-fast transaction confirmations and cheap fees. Furthermore, by providing a familiar and adaptable ecosystem of tools and services, the platform hopes to foster the widespread use of blockchain and Web3 technologies.
The network:
Velas' network is a decentralized blockchain ecosystem with AI-powered products and services that is community-driven. The Velas blockchain network is a smart contract-enabled blockchain capable of hosting thousands of decentralized apps in a super-fast and safe manner (dApps). Velas, which is a fork of the Solana blockchain software, has among the fastest transaction completion times in the industry. Furthermore, the platform's users benefit from low transaction costs that are a fraction of the cost of other popular blockchains.
Velas also wants to tackle “the blockchain trilemma,” which is the problem of creating a decentralized network that is both scalable and safe. The Velas network is building a comprehensive suite of Web3 and blockchain technologies for developers, corporations, and common consumers using powerful cryptography. By producing and integrating meaningful goods and services that transform people's lives all over the world and make the internet free again, the platform seeks to realize societal demands and become the industry standard as one of the quickest and most robust platforms in the industry.
Is it wise to invest in Velas? It's possible. Despite a recent downward trend, it is still in a stronger price position than it was a year ago. Its cutting-edge blockchain concepts have the potential to become a mainstay in a fully established crypto economy. However, you should conduct your own research before purchasing VLX, and never spend more money than you can afford to lose.
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