EXPERIENCE SCALABILITY WITHOUT SECURITY FLAWS WITH VELAS

Blockchain technology is already taking over the financial transaction platform since the birth of Bitcoin in 2009 it has become an extraordinary revolutionary method of payment which is destined to become the major means of financial transaction over the old traditional method. Nevertheless, this technology does have it's own flaws and limitations its dealing with, the blockchain technology currently faces adoption problem as well as the fact that global audience does fully trust it enough to adopt it as a major means of financial transaction, the birth of Bitcoin has prepared a platform for other cryptocurrencies by creating a digital peer to peer transactions network, bitcoin has also given us a clue of how the future of the digital communities and the system of networking will look like, indeed Bitcoin has demonstrated great level of sustainability, manageability in crypto currency space which has convinced a large percentage of the global community to accept it as a means of payment, even at that, blockchain technology has over the time faced some relatively major setbacks and restrictions in reaching out to innovators, corporations and other entrepreneurs in the globe, though the use of bitcoin and altcoins like etherium, it has given blockchain technology an edge in some areas which includes; development of global collaborative structure, a decentralized network and software for transaction platform but has somehow failed to solve the unavoidable issues such as; scalability issues, blockchain insecurity issues, latency period. These are many more issues is what velas is providing solution for.

Velas is a project that builds its strength for solving the innumerable issues alluring blockchain networks like that of Bitcoin and other cryptocurrencies, it provides strong Solution to the problems of scalability

SCALABILITY ISSUES THAT VELAS PROVIDE SOLUTION FOR

The preceding generation of blockchain technology which are(Bitcoin and etherium) has really restrained its users in some aspect this is because there is a limited number of transaction one can perform, confines in block size by bitcoin, the aggregate of gas in the block restrictions for prevalent blockchains in transactional project and the linear linked-list structured blockchain which does not accelerate scalability. All these issues are solved by velas as they produce highly scable network which is not limited by block size and maximum number of transactions. There are blockchain networks that process just 7-8 transactions per second and at most 10 TPs but velas network can really process about 30000 transactions per seconds which is highly impressive. This means lagging and low latency issues of blockchain networks is handled by velas blockchain.

HOW VELAS INCREASE ITS SCALABILITY WITHOUT COMPROMISING ITS SECURITY

In the attempt of being scalable many networks do it at the expense of its security. Velas has taken all this variables into consideration and have developed a security features of which the scalability of the network wont affect. To achieve this velas have major updates to their web and desktop wallets in January. This Decision was made so as to go ultimate security proof withno backend wallet that has multiple coins support. In addition Smart contracts were tested rolled out in Feb. This will allow for manual swap contract shortly after.

CONCLUSION
One of the good thing about Blockchain technology is it that provides means for constant development and velas has made sure to improve on providing solution and correcting mistake made by first generation of blockchain technology and has thus built a nitch for itself in crypto space.

For more information please vist the following platform:

Website: https://velas.com/
Twitter: https://www.twitter.com/VelasBlock chain/
Telegram: https://t.me/velascommunity
Bitcointalk: https://bitcointalk.org/index.php?topic=5244455.0
Facebook: https://www.facebook.com/velasblock chain/
Instagram: https://www.instagram.com/velas.block chain/
Medium: https://medium.com/@VelasBlock chain
LinkedIn: https://www.linkedin.com/company/velas-ag

Discord: https://discord.gg/CTcKpPc

Author's Bitcointalk Username: Ajprotocol
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2539305