Velas Partners with Scuderia Ferrari and Enters F1
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Velas, the Swiss company that created one of the fastest and most environmentally friendly blockchains in the world, is starting a new collaboration with Scuderia Ferrari and will also participate in Formula 1.
Velas has managed to create a real furor in the world of blockchain technology with its revolutionary and energy-efficient platform, which impresses with its bandwidth and speed. In 2022, when Formula One enters a new technical era, the Velas blockchain logo will occupy one of the most prominent places on Ferrari racing cars.
For Ferrari, this partnership is a new experience, with plans to implement joint initiatives to capitalize on the recognition of the Ferrari brand in global motorsport, thereby expanding the number of users of blockchain technology in general. In doing so, users will discover the full benefits of blockchain and motorsport.
Blockchain Velas was created in 2019 and aims to combine the quality of centralized and decentralized services. Also, Velas' main goal is to create and incorporate advanced technology products and services into the daily lives of people around the world.
Velas is a DPoS (Delegated Proof of Stake) blockchain, which is also carbon-neutral. The basic concept of Velas is that network users choose delegates to verify the blockchain through voting. In this way, low energy consumption and more transparent infrastructure for the cryptocurrency community can be achieved.
Velas CEO and co-founder Farhad Shagulyamov said:
Alex Alexandrov, founder, and chairman of the company said:
Scuderia Ferrari general manager and team manager Mattia Binotto commented,
For those who know little about digital assets, a blockchain is a distributed database that contains information about all transactions made by participants in the system. The information is stored as a chain of blocks. Each block contains a certain number of transactions. Thus, all transactions are carried out with high security, and speed and without the participation of third parties.