A major change to the way that Velas processes up to 75,??? ?? ????000 transactions every second is set to radically reduce energy consumption, benefiting people, businesses, and the planet.
Leading blockchain protocol Velas today announced an important step on its journey to net zero carbon. This is part of the company’s commitment to tackling the challenge of climate change.
The announcement signals a move to a new innovative model that changes the way that transactions are processed across its industry-leading blockchain protocol.
Effectively, this shifts from a highly energy-intensive ‘Proof of Work’ model to a much more energy-efficient approach that combines “Delegated Proof-of-Stake (DPoS)’ with “Proof-of-History (PoH).”
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