Velas is Featured in Laurence Fishburne’s “Behind The Scenes”

We at Velas are very proud that our blockchain was at the center of the plot of the Behind The Scenes show by Laurence Fishburne, where he told a wide audience about what success we had achieved.

The Fishburne Show won educational television series awards. And in this episode, he talked about the evolution of blockchain and the fintech industry. The problems faced by the crypto space and some of their possible solutions were also highlighted.

What is the series about

Along with the development of technology, an increasing number of services are moving into the online space to improve user convenience. One of the latest trends in financial technology or the so-called fintech. Banking lending and even donations to people by charities have shifted to an online service. This transfer of finance to the Internet space gave rise to cryptocurrencies and blockchain, and since its inception, it has caused a real stir in the market.

According to my observations, the crypto space has come a long way in the last five years. During this time, many interesting developments have been created thanks to which we can observe the increasing introduction of the blockchain industry.

There were also failed projects and quick pay schemes that did not succeed and were not beneficial to the industry. But at the same time, I believe that the cryptocurrency industry and the chain blog have moved far enough and began to receive mass distribution offering real use cases.

— Farkhad Shagulyamov, co-founder and director of Velas

Blockchain provides the ability to use a distributed ledger in which you can store data, record or transfer ownership, track assets and transactions, and at the same time leave it all encrypted and unchanged.

— Shirley Valge, Chief Operating Officer of Velas

Nowadays, cryptocurrency means a certain monetary unit that anyone who is aware of how to get it can get. Some people even believe that this will be the universal currency of the future, but at the same time, many remain cautious and do not rush to trust a concept that has some setbacks.

If we talk about blockchain problems, there are three main points: throughput, transaction fees, and interoperability. At Velas, we focus on addressing these issues. Speaking of throughput, Velas offers the highest number of transactions per second. As for compatibility, we are working hard in this direction and want to combine as many technologies and independent blockchains as possible in one place. And the third point is the commission for transactions. Our technology has the power to process the cheapest transactions in the niche. So in combination, all these three points solve all the main problems of blockchain and financial technologies that are observed in the industry.

— Roman Cherednik, technical director of Velas

About Velas

Velas is a developer-friendly blockchain platform that includes the functionality of Smart Contracts and has been developed as an infrastructure for next-generation services, platforms, games, and applications.

Velas is the fastest blockchain in the world. The platform is capable of processing up to 75,000 transactions per second. Blockchain is aimed at solving three main problems related to centralization, security, and scalability. Thanks to Velas, the throughput and speed of transactions are increased, which makes them extremely cheap and secure.

— Shirley Valge, Chief Operating Officer of Velas

Velas aims to become a faster and more appropriate platform for hundreds of thousands of people to use on a daily basis with the help of innovative blockchain technologies. This will eliminate the limitations that have become a problem for older blockchains, including high transaction fees, poor performance, and overall instability.

If you want to learn more about Velas or join our team, you can visit our official website: velas.com

About Behind The Scenes

Behind The Scenes is an award-winning program that tells stories and concepts through long and short documentary presentations. The series was created with the participation of a team of experienced professionals with vast experience in this field. Thanks to this, Behind The Scenes, can effectively convey the most interesting and important stories to the general public.

If you want more information about the Behind The Scenes program then you can visit their official website: www.behindthesceneslf.com