Veles (VLS)

Veles (VLS)

Coin Information

Blockchain icon Blockchain: Veles
Ticker icon Ticker: VLS
Type icon Type: Cryptocurrency
Proof type icon Proof type: Proof-of-Work (PoW)
Algorithm icon Algorithm: Multiple

Price Statistics

Market Cap

Fully Diluted Valuation

Coin Supply

Circ icon Circ.: 1 420 820(100%)Question Mark Icon
Total icon Total: 1 420 820
Max icon Max: 2 500 000

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Veles Price Chart

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About Veles

Veles Network, represented by the ticker VLS, is an open-source software project that aims to preserve individuals’ freedom of access to information and privacy on the internet. It utilizes distributed systems and blockchain technology developments to create a self-supporting and eventually self-governing network. The project offers decentralized VPN and tunnelling services, as well as decentralized recursive DNS, with plans to add more services in the future such as a distributed Instant Messaging platform. Veles Core employs innovative solutions to overcome common issues with current blockchain implementations, ensuring a secure and reliable blockchain for its users.

The Veles Network is built using a multi-tiered decentralized network approach based on the concept of Masternodes. These Masternodes provide the network’s services in a redundant and decentralized manner, focusing on service quality and availability. Veles Masternode 2nd generation offers additional services such as dVPN, recursive dDNS, and decentralized Shadowsocks tunnels. The project had a fair launch and does not have a developer premine or ICO, with the first block being mined on November 6, 2018. The economic model of Veles aims to ensure the store of value of its cryptocurrency (VLS) through a dynamic hashrate-based block rewards system and payments for extra services provided by Masternode operators.

Veles Network aims to give full control of project development and management to a decentralized organization controlled by all network participants. The project encourages community participation in Veles Core development and implements proposal submission and voting using Masternodes. The long-term goal is to establish a self-governing and self-incentivized decentralized organization with transparent funding, project management, and development teams. The Veles Network offers various features, including a trustless web wallet, secure mobile wallet, mobile tunneling, Masternode installator, Masternode dashboard, VelesOS live operating system, multi-algo PoW mining, and Masternodes for distributed services.

Frequently Asked Questions

The current price of Veles VLS is 0.00474036 USD.
The circulating supply of Veles is 1420820.
The total supply of Veles is 1420820.
The max supply of Veles is 2500000.
Unfortunately the country of Veles is unknown.
Veles is a cryptocurrency running on its own blockchain.
Veles reached an all-time-high of 0.823857 USD on 21 Jul 2019.

Github Statistics (Development)

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VLS Markets on Crypto Exchanges

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