VELAS OFFERS A BIGGER & A BETTER PICTURE IN TERMS OF BLOCKCHAIN SCALABILITY & SECURITY.
The evolution within blockchain space in the last few years has been massive due to it's widespread adoption in different sectors, indeed cryptocurrency and its its underlying technology which is the blockchain technology has grown from just beinga speculativetool to beinga 21st century solution to weightier issues bordering the world; However Many blockchains are to some extent centralized, scalability has become a lingering problem, alot of block producers lack the requisite incentive to acts in the network best interests, for network like ethereum & Bitcoin they most time times have to sacrifice efficiency for transaction capacity.
Velas is a new blockchain project domiciled in Switzerland but with great potentials to operate as a self-learning & self-optimizing blockchain project for facilitating secure, interoperable, smart contract & a highly scalable transaction based platform. The Velas blockchain is relies on a unique neural networks that is optimized by the feature of artificial intelligence to boost it's consensus algorithm, so as to maintain maximum Security & scalability.
WHY VELAS IS DISTINCT AMIDST CONTEMPORARIES.
☆Velas maximum Security peculiarities or decentralization is aided by the artificial intelligence (AI) enhanced delegated proof of stake (AIDPoS).
☆Blocks are created only when needed, in every 2 to 5 minutes respectively.
☆The criteria for selection of stakes by the AI is solely based on the blockchain needs.
☆Election of block producers are carried out by artificial intuition.
☆Velas has a unique scalability preference of over 30,000 transaction per seconds.
UNDERSTANDING VELAS ARTIFICIAL INTELLIGENCE.
Artificial intelligence can be best described as a set/series of purpose built algorithms use to identify the relationships as well as patterns in a unique set of data.
Neural networks in Velas exist to eliminate blockchain irregularities & network irresponsiveness. Artificial intelligence provides exact time-frame for block formation and reward allocation to node operators. With Artificial intelligence network optimization is possible, cost can be reduced & scalability of blockchain projects will be over 30,000 T/ps.
Before now most Bitcoin and ethereum use the proof of work system & the proof of stake system, this platforms are not just traditional but they also pose alot of problems. The ADIPOS is a hybrid version of the POW & POS consensus they offer better & lasting peculiarities.
The fault tolerance system of the AIDPOS prevents 51% attacks & solves all staking problems.
BENEFITS OF THE VELAS ARTIFICIAL INTELLIGENCE (AI)
(1) Motivation: they will always be reward for active participant in the network nodes.
(2) Absence of fake/false messages: the quality of network resistance to attack is high because it has modalities for blocking fake messages and false transactions.
(3) Efficient reward allocation
(4) High speed transaction strength.
CONCLUSION
Velas is a great project that holds lasting solutions to the challenges of scalability & Security of most blockchain platform, Velas is the backbone on which an entire ecosystem, exchange, multisig, merchant & wallet functions, already companies like mind AI are leveraging on Velas, developers are going all out to integrate AI into their projects, companies/organization's are also at liberty to tokenize Velas just like any other ERC-20 tokens. Velas is no doubt a masterpiece and a class of its own.
USEFUL LINKS
Website: https://velas.com/
Twitter: https://www.twitter.com/VelasBlock chain/
Telegram: https://t.me/velascommunity
Bitcointalk: https://bitcointalk.org/index.php?topic=5244455.0
Facebook: https://www.facebook.com/velasblock chain/
Instagram: https://www.instagram.com/velas.block chain/
Medium: https://medium.com/@VelasBlock chain
LinkedIn: https://www.linkedin.com/company/velas-ag
Github: https://github.com/velas
Discord: https://discord.gg/CTcKpPc
Author's Bitcointalk Username: Abulu730
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2539309