Velas Network AG was founded in 2019 by two crypto entrepreneurs, Alex Alexandrov and Farkhad Shagulyamov. Nowadays, Velas is headquartered in “Crypto Valley” (Zug), Switzerland. The Velas team started by developing the code from scratch and eventually came to the conclusion that such a project could last for many years. We believe that today it is much more efficient to take existing frameworks and enhance them. For this reason, we've chosen Solana, the fastest blockchain in existence today, as a base for Velas, and extended its capabilities by integrating Ethereum Virtual Machine. This way we inherited the best from both: high TPS, 1-second finality, and EVM/Solidity support.
