This is the legacy version of Veles cryptocurrency software, first experimental public release, which operated on Veles Pre-alpha blockchain that is not being maintained anymore. Active balances have been swapped onto the Veles Production blockchain.
It was superseded by Veles Core release R2: https://github.com/Velescore/Veles-Legacy-R2
Please use the current version of Veles Core from: https://github.com/Velescore/Veles
Veles is an open source crypto-currency focused on fast private transactions with low transaction fees & environmental footprint. It utilizes a custom Proof of Stake protocol for securing its network and uses an innovative variable seesaw reward mechanism that dynamically balances 74% of its block reward size between masternodes and staking nodes and 24% dedicated for staking(2% Dev-fun).
- Anonymized transactions using Privatesend.
- Fast transactions featuring guaranteed zero confirmation transactions using SwiftNode.
More information at veles.network
| Algo | Quark |
| Block Time | 60 Seconds |
| Difficulty Retargeting | Every Block |
| Max Coin Supply (PoS Phase, Pre Infinite) | 12 500 000 VLS |
| Premine | 375 000 VLS* |
| Block maturity | 60 minutes |
| Phase | Block Height | Reward | Masternode | Staking | Dev-fund |
|---|---|---|---|---|---|
| Phase 1 | 1-25000 | 1 VLS | 74 % | 24% | 2% |
| Phase 2 | 50001-75000 | 16 VLS | 74 % | 24% | 2% |
| Phase 3 | 75001-250000 | 13 VLS | 74 % | 24% | 2% |
| Phase 4 | 250001-150000 | 6 VLS | 74 % | 24% | 2% |
| Phase 5 | 150001-200000 | 3 VLS | 74 % | 24% | 2% |