Restoring Online Privacy

Veles Core is an open-source software project that aims to help people to retain their freedom of access to an information and their privacy on the Internet. Most of current solutions are either commercial centralized services or are based on volunteer networks which are prone to misuse and censorship. Too fill the gap and provide secure, trustless solution the project take an advantage of developments in distributed systems and blockchain technology, to build economically self-supporting and eventually self-governing network, significantly more resistant to disruptions or or censorship.
The network currently provides decentralized VPN and tunelling as well as decentralized recursive DNS. More services will be gradually implemented over time, such as distributed Instant Messaging platform or trustless software builds.

dVPN Free for Public Testing

The free public alpha-testing is still active and there are several Masternodes with full dVPN support up and running. Everyone can join this testing phase and use dVPN service for free, or run his own dVPN-enabled Veles Masternode. Benchmark data gathered from this public testing will help us to improve Veles dVPN for future launch to production.

See dVPN Setup Guide to start using it now on the most popular platforms such as Windows, Linux, OSX, iOS and Android, or directly download dVPN Configuration Files and Certificates.

Currently supported protocols for dVPN are OpenVPN, Shadowsocks with extra obfuscation layers such as Stunnel and Obfsproxy. These layers will also be used for multi-hop implementation, based on the effectivness observed during this public testing stage.

Innovative Blockchain

At the core of the ecosystem is the Veles Core blochchain that employs innovative solutions to overcome common issues with the current blockchain implementations.
Independent multi-algorithmic PoW mining and other approaches against 51% attacks ensure secure and reliable blockchain.
Flexible block spacing, insta-mine protection, and dynamic capped block rewards based on hashrate ensure fairer mining opportunities on all the available algorithm and protects against low-cost opportunistic mining, keeping costs of the mining more consistent and hence suporting more balanced price discovery.
Dynamic hashrate-based block reward system is complemented by adaptive non-linear halving mechanism tied to current coin supply, ensuring the correct emmision rate to achieve both low inflation and long-term sustainability.

Flexible Service Layer

Veles Network is built using a multi-tiered decentralized network approach based on Masternodes concept, further leveraging it with a flexible and robust service layer. Latest generation of the Veles Masternodes ensures that the all the services provided by the Veles Network are served in a redundant decentralzied manner focused on service quality and availability.
Veles Masternode 2nd generation have been in public testing phase through Q1 2020, providing extra services such as dVPN, recursive dDNS or optional decentralized Shadowsocks tunnels for no extra fees while metrics are being gathered.
After the end of the public testing phase and enabling payment system for MN services, the operators will be able to earn extra frees for the services they provide, according to their available resources and selected Masternode Tier.

Solid Economic Model

Sane monetary policy plays an important role to ensure store of value of VLS cryptocurrency.
Dynamic hashrate-based block rewards ensures fairer mining opportunities and prevents low-cost mining would a hashrate drop on any algorithm. Adaptive non-linear halving system tied to real emission rate compliments the dynamic block rewards and ensures ideal supply curve with already low inflation rates while preserving long-term sustainability.
Although well-calculated token emission rate and faird reward share play fundamental role in any successful monetary model, the most important part for the long-term economic self-sufficiency of the project will play the payments for extra services and resources provided by the Masternode operators.

Funding and Launch

Veles had a fair launch, no developer premine, no ICO or any type of fund-raising. First block on Veles chain was mined 6th Nov 2018 15:22:08, amount of this block was 50 000 VLS (2% of the Maximum Supply) which was used for coin-swap for early adopters which were part of the early test phase.
Started with slow PoW phase with low block rewards and full PoW reward stage after block 50 000 by VCIP01 activationwhich was publicly announced in advance.
To support development of the project in the initial stages, a development fund receives decreasing portion of the block reward, from 5% to 0% in 5 years (currently at 4.65 %). We believe that should be enough to grow this project to self-sustained phase. Besides the the dev fund we use open community funding model based on donations to specific crowd-funding proposal.

Open Governance

Last but not least of our most important goals it's to give away the full control of the project developement and management to the hands of the decentralized organization conttrolled fairly by all of the network participants. Already now, everyone is able to participate on the Veles Core development, and we listen closely to the community feedback.
We've already implemented proposal submission and voting using masternodes, and within a next 5 - 7 years current the team will build and test neccessary means of decentralized governance for the ecosystem to be governed by a self-governing and self-incentivized decentralized organization with it's own transparent funding, project management and development teams.