Velas Entered into a Fruitful Collaboration with SpaceChain
Marketing, Engineering 3 min reading
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- About SpaceChain
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Technology, Engineering 1 min reading
Smart Contracts on SteroidsWelcome 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...
Technology, Engineering 1 min reading
Velas: Understanding the Gulf Stream Mempool-less Transaction Forwarding ProtocolWelcome to the latest edition in our series, Exploring Velas' Innovative Technologies.
In January 2022, Velas Network AG entered into a partnership with SpaceChain. Velas is among the pioneers in the space niche who are using the new economy to improve security and immutability. For blockchain, this partnership is a huge leap to new applications and markets. The company has been very excited about becoming one of the first blockchains to operate in space, which in turn contributes to better security protocols and higher quality standards for the entire blockchain industry.
Such a collaboration, which includes the world of blockchain and space technology, involves transactions that will be conducted through SpaceChain's decentralized satellite infrastructure. In turn, this infrastructure ensures the highest level of security and decentralization of the Velas blockchain. The blockchain infrastructure is placed in space in orbit around the Earth, protecting it from physical intrusion and regulatory restrictions.
Through this mutually beneficial partnership spanning the space and blockchain industries, transactions will be conducted through SpaceChain's decentralized satellite infrastructure, providing a highly secure and decentralized Velas network. Suspended in orbit, the blockchain infrastructure is protected from physical intrusion and regulatory restrictions.
The partnership between SpaceChain and Velas is paying off for both parties. Thus SpaceChain will be able to use the high speed inherent in the Velas blockchain (more than 75,000 transactions per second). This gives SpaceChain the ability to develop economic fictitious DApps that will further facilitate space exploration.
About Velas
Velas' main goal is to introduce a fast and cost-effective blockchain network. Velas is based on an Ethereum virtual machine that allows developers to create DApps of any complexity on blockchain as well as the best parts of Solana code. Thus, Velas is one of the leading platforms for creating and developing decentralized applications which has numerous technological advantages as well as the Velas Grant Program for funding startups, which attracts development teams to expand the ecosystem.
About SpaceChain
SpaceChain is a company that develops decentralized infrastructure in the space economy. The company's main goal is to unify blockchain and space technology while simplifying the development of space applications and allowing space to become more accessible to humanity. The company's main goal is to unify blockchain and space technology while simplifying the development of space applications and allowing space to become more accessible to humanity.