Introducing VELA COIN
Blockchain technology has created tremendous opportunity for millions of people all over the world . There are some people who have even build a carrier in blockchain industry and they are doing well. I will be direct in this article because i want to make it very brief and comprehensible. In this publication, i will be discussing about VELA Coin . It is a decentralized blockchain platform that is designed for any caliber of users all over the world. Users will be able to do varieties of activities on Vela Coin platform . It is an open source blockchain infrastructure where developers can build their DApps and various application on . Activities such as Computer Games , development of blockchain infrastructures can be conducted on VELA blockchain .
VELA COIN implements Proof of Stake (PoS) Consensus Algorithm
Another fantastic feature of VELA Coin platform is that the ecosystem implements Proof of Stakes (PoS) consensus algorithm. This simply means the blockchain ecosystem offers modern blockchain service which gives users the best experience . Proof of Stake Concepts implemented by VELA coin platform removes the barriers associated to the traditional Proof of Work (PoW) algorithm. Bitcoin technology implements Proof of Work ( PoW) consensus algorithm in the management and running of the blockchain which is very complex due to heavy hardware requirement and energy consumption required in transaction verification process which also regarded to mining.
Vela Blockchain system implements Proof of Stake (PoS) Consensus Algorithm , hence removing all complexities associated to Proof of Work ([PoW) algorithm. Due to the fact that Vela Coin uses Proof of Stake ( PoS) Consensus Algorithm, holders of VELA COIN* who staked their coins in the platform smart contract will be eligible to earn more coins . As long as users coins are staked in the Contract , they will receive rewards for acting as a Node that supports the network. Each node receives rewards automatically from the Smart contract from the transaction fees on the blockchain .
DEVELOPERS CAN SELL GAME AND APPLICATION DEVELOPMENT ON VELA PLATFORM.
VELA platform bridge the gap between a developer , game players and those who wanting to purchase games and applications. VELA platform creates this possibility . Developers can conduct seamless commercial services on this platform . Final users can play games in the platform. VELA Coin is a very wide blockchain platform comprising different blockchain products and services . In this article, i will not be able to mention all activities and services offered by VELA platform because they are countless. Nevertheless, i will take my time to explain some of them . VELA offers an amazing gaming platform powered by Smart Contracts. If you a game lover and seeking the best gaming platform that offers transparent and highly efficient gaming services , VELA Coin should be your bus stop. VELA Coin a wide range of gaming services which allows all players to be a winner. It offers 100% decentralized gaming platform free from any form of human intervention.
In addition, developers and Players are bonded together by VELA platform . Transacting on VELA Platform does not require any form of registration or KYC whatsoever . Users can connect the platform with their private Keys and access wide range of services offered by VELA . Developers can as well Sell Games and Apps development on VELA portal. The ecosystem will make it possible for application auction in which anyone can buy pre built application and develop .
Below are highlights of the numerous features of VELA Coin platform
1. Staking Platform
2. Low cost transaction on VELA chain
3. 100% Decentralization
4.High level of security
5. High level of transparency and
6. Low commission on services
7. Gaming Platform
Final thought
VELA Coin stands out among any existing blockchain ecosystem . The platform operates its own blockchain networks which uses Proof of Stake ( PoS) consensus . This allows high scalability, high network speed , low transaction charges and offers users the best gaming and transaction experience . It is one of a kind platform that enable s Developers to l Sell Games and Apps development . This is going to be very huge . In my next review i shall explain more comprehensively about VELA Coin blockchain ecosystem .
Official Resources
Website: https://velacoin.pw/
Whitepaper: https://velawallet.pw/white-paper
Medium: https://medium.com/@velacoindevelop
Token info : https://tronscan.org/#/token/1003366
Telegram : https://t.me/Vela_coin
Telegram ANN : https://t.me/velanews
Authorship
Bitcointalk username :koremodupe
Bitcointalk profile url: https://bitcointalk.org/index.php?action=profile;u=2681359
Eth address: 0x92d259F369B02eF1d625C3F3bDc2F6b06A8BE272
