Velas FAQ

Velas is the first and fastest EVM/eBPF Hybrid Chain mechanism blockchain, enabling the development of decentralized applications and smart contracts on its mainnet. It allows for scalable transactions, validating up to 75,000 transactions per second.

Velas addresses the blockchain trilemma by being secure, interoperable, and extremely scalable.

Velas uses EVM/eBPF Hybrid Chain consensus.

Velas Network launched Mainnet in February 2020.

An epoch is 432,000 slots, each lasting between 2–3 days.

You can recover your wallet with your 12/24 words seed phrase.

If you lose your pin, recover your wallet with your 12/24 words seed phrase.

There are no limits to the number of wallets you can create.

You need at least 2 VLX Native to start staking.

Initially, any amount of VLX can run a Validator, but for rewards, it needs 1 million VLX.

Yes, Velas is inflationary, with a reducing inflation rate from 8% to 1.5%.

Refer to this guide for staking and rewards.

Staking in Velas involves delegated staking, where users delegate their tokens to the chosen node through Velas Wallet.

Yes, there is a fee depending on the transferred amount, visible in Explorer.

Yes, a fee applies based on the transferred amount, visible in Explorer.

No, it is not possible.

Check your seed phrase and contact support if needed.

Decentralization ensures a more democratic, honest, and censorship-resistant service.

Users don't send any data to Velas; Velas doesn't request data from users.

Velas offers the Fastest EVM/eBPF Hybrid Chain, providing specialized services like Distributed Data Storage and Decentralized Cloud Computing for optimized DApp performance.

Native Token is for Velas Network, EVM Token for Ethereum Network, and Legacy Token for interacting with old exchanges.

Check this infographics piece to understand the differences between VLX tokens.

Follow this guide to set up the Velas wallet on your Android device.

To recover your wallet, follow this guide.

If you can't see your balance, clear the cache, restore with the seed phrase, or contact Velas support.

Check your address or transaction ID in Velas Explorers (Native or EVM).

After Undelegating, wait for the cooldown period (~2 days) to withdraw.

Configure your MetaMask account with this guide.

On Velas Wallet, navigate to the 'Staking' section. Choose the Validator you wish to stake with, specify the amount, and click 'stake'.

Refer to this guide for comprehensive insights into the staking and rewards process in Velas Wallet.

There are no limitations on the duration of delegating your stake.

The current APR varies from 9.7% to 11%. For more details, read this article.

While there's no ideal formula, consider factors like lower % of commissions, Validator reputation on resources like VelasValidators or Velasity, larger Validator stake, and ensuring a higher share of rewards.

The size of rewards is influenced by factors like network issuance rates, transaction fees, staking participation rates, and Validator-specific factors. It varies accordingly.

Rewards are distributed at the end of each epoch. Check the Native explorer for epoch progress and remaining time.

Undelegate first, wait for the Cooldown period (~2 days), and then withdraw coins.

Validators can set a commission fee in the protocol. This percentage represents the cut Validators receive from the delegated stake for operating the node infrastructure. A 100% commission means 0% of earnings for Staked VLX, while a 0% commission means 100% of earnings.

You can do so by noting your address or transaction ID in Velas EVM Explorer, Velas Mainnet Explorer, or Velas Native Explorer.

Stakes, once delegated, don't become effective immediately. They go through a warmup period for activation and a cooldown period for withdrawal.

Time for your stake to become liquid after you stop staking: ~ 2 days.

Time until your stake starts earning rewards: ~2 days.

Install a node (Validator Requirements), stake it, and ensure the total stake on your own pool is not less than your minimum stake (1 VLX).

Refer to our documents section for technical requirements for Validators.

Find a detailed guide here to start running a node on the Velas blockchain.

To stake VLX, a minimum of 2 VLX is required in your balance.

The node becomes a candidate for a master node when the total accumulated stake reaches 1 million VLX.

To stake VLX, a minimum of 2 VLX is required in your balance.

An epoch is 432,000 slots, each lasting a minimum of 400ms, effectively extending between 2–3 days.

A Validator is a node participating in the verification and consensus process of the block, while a delegator is a node on the network that can delegate its stake to a specific Validator.

Join our community on Reddit, Telegram, Discord, Facebook, and Instagram to be a part of discussions and updates.

Explore our Medium articles, Whitepaper, and GitHub for in-depth information about Velas.

Contribute in various ways: identify wallet bugs, propose security enhancements, join the Distributed File Service, report security breaches, and participate in community development. Your help is valued; contact us via email or connect with our community channel admins.

For press inquiries, reach out via email at [email protected], [email protected], or [email protected], depending on your purpose.

Contact our support team on Telegram (@velas_support, @DexterP) or submit a ticket/chat with them here.