Breaking the Chains: Unleashing Velas on the Blockchain Scalability Frontier.


Share image

Technology, Engineering 3 min reading


Teriano Porter

28 Feb 2024



Explore more from Velas


Technology 1 min reading

Velas Expands Cross-Chain Bridging to Avalanche

Exciting news for the Velas community! We're thrilled to announce that Velas has extended its cross-chain interoperability by enabling bridging to Avalanche, a prominent blockchain platform known for its high throughput and low fees.


Teriano Porter

4 Apr 2024


Technology, Engineering 1 min reading

Smart Contracts on Steroids

Welcome to the latest edition in our series, Exploring Velas' Innovative Technologies. Throughout this series, we delve into the cutting-edge technologies propelling Velas forward as a leading blockchain platform, reshaping the landscape...


Teriano Porter

2 Apr 2024

banner banner

The Blockchain Conundrum: Scalability vs. Decentralization

Blockchain, celebrated for its autonomy, transparency, and decentralization, has encountered a formidable challenge as it struggles with the growing number of nodes and transactions within public blockchain systems resulting in sluggish transaction speeds, escalating costs associated with data storage, and transaction fees that add layers of complexity to an otherwise revolutionary technology thereby casting a shadow on the industry’s potential for widespread adoption.

Why Scalability Matters: The Ethereum Bottleneck

Scalability, in the context of blockchain, is the ability to handle an increasing number of transactions as the network expands. As demand surges for decentralized applications (DApps) — transformative tools that operate without intermediaries, providing security, transparency, and immutability — blockchain networks face a critical juncture. Ethereum, as a pioneering platform for DApps, has encountered insurmountable scalability challenges, unable to keep pace with the demands of real-time operations. Its architectural constraints impose a bottleneck, limiting transaction processing to a mere 30 transactions per second. This bottleneck leads to network congestion, increased latency, and a noticeable decline in user engagement and overall usage.

Alternative Solutions: A Patchwork Landscape

The blockchain trilemma posits an inevitable tradeoff between security, decentralization, and scalability leaving blockchain like ethereum in a blindspot of prioritizing decentralization and security over scalability which has resulted in constant struggle to keep pace with the growing demands of DApps.

Meanwhile, various proposed solutions have attempted to address the scalability predicament including;

  • Off-chain solutions: Offering faster speeds, they compromise decentralization by introducing central points of control.
  • Sidechains: While maintaining security, they sacrifice speed and seamless user experience with complex bridging processes.
  • Sharding: This promising approach partitions data, but raises concerns about data availability and security across shards.

In this landscape, VELAS emerges as a formidable solution to Ethereum’s scalability challenges that not only addresses but surpasses these limitations with a transaction speed exceeding 75,000 TPS, equivalent to processing the entire daily volume of Ethereum in just 12 seconds. Velas achieves this feat through a dual-chain architecture that seamlessly merges EVM compatibility with the lightening-fast transaction processing capabilities of Solana.

Full EVM Compatibility: One-Click Migration, Zero Compromise

Velas stands out with its developer-friendly approach, offering full EVM compatibility and seamless integration. The platform facilitates a streamlined one-click migration process, eliminating the need for code modifications. Unlike other EVM-compatible chains that sacrifice functionality, Velas ensures zero compromise and ensures that developers can leverage their existing skills and tools without the burden of learning new programming languages or adapting their code base. Velas saves valuable time and resources, allowing developers to build on the platform with ease.

Beyond scalability, Velas also adopts a hybrid consensus mechanism, uniting Proof of Stake (PoS) and Byzantine Fault Tolerance (BFT) protocols to fortify the platform against external threats. This approach not only ensures transaction integrity but also prioritizes sustainability, minimizing carbon impact through energy-efficient consensus mechanisms and partnerships in renewable energy.

Conclusion: The Future of DApps with Velas

In conclusion, VELAS emerges as a transformative force, shattering the scalability barriers hindering Ethereum’s progress. As DApps continue to redefine industries, Velas not only offers a scalable alternative but positions itself as a leader in the future of decentralized applications. With authoritative security measures, unparalleled transaction speeds, and a commitment to sustainability, Velas charts a course toward a future where blockchain scalability is not a hindrance but a driving force behind innovation. This opens doors to innovative applications across diverse sectors, from finance and supply chain management to healthcare and social networking. Developers, empowered by Velas’ compatibility and seamless integration, can now save time, resources, and build a resilient future on Velas.