Velas; helping the blockchain solve scalability
One quick way to view centralization is to see the whole international's economy and monetary operation tightly interconnected such that a illness in a minute fraction can motive the complete structure a massive setback. The primary hassle we are having within the global is centralization and no longer enough decentralized measures are in area to counteract that.
This is what results in the innovation of velas which via the incorporation of Artificial Intelligence in consonance with the blockchain sophistication to fix the issues which can be maximum associated with the terrible current blockchain.
How does the Velas Blockahin work?
The Velas blockchain platform uses neural networks which can be optimized by artificial intuition to improve consensus algorithms. Velas's purpose is to conquer and improve current problems and challenges faced through maximum blockchain. The neural network is used to calculate the rewards from the node operator and the time of block formation.
The Velas platform also uses AI-Operated DPOS (AIDPOS) consensus to cozy the blockchain for excessive quantity transactions even as also ensuring decentralization, balance and protection. Through using the AI-operated set of rules community, corruptible human dependencies are removed thereby solving principal issues like the fifty one% assault and other compliance problems.
The Neural networks of the Velas platform are used to calculate the rewards for nodes’ operators and time of block formation. The Artificial Algorithm plays the following responsibilities at the Velas blockchain
AI Algorithm is used to decide the node score.
AI Algorithm is used to decide the range of blocks in each installed transaction.
AI Algorithm blocks faux messages, false transactions and make sure that theres an boom inside the excellent of messages within the community; the resistance of the community are extended too.
AI Algorithm also helps the platform to properly award rewards.
AI Algorithm facilitates the nodes to feature and be lively.
Use Case of the Velas blockchain:
Staking: You can stake the velas token on pockets.Velas.Com best, all you need to do is visit the web site, create a pockets, purchase vlx from exchanges to your velas wallet then you definately stake on the platform with you deciding on your options your self; the Return on Investment ROI is 0.Eight% - 1.5% each month depending on the staking pool. The minimum tokens required to stake at the velas platform is 10,000 velas tokens. Also take into account that while staking, you have the possibility to pick out any node you choice on the platform.
Payments: VLX can be used for smart contracts and transactions in Velas wallets, with a 25% discount on fee fees. In addition, VLX, as a way to be used as the principle currency in CoinPayments and the approaching change, will also experience a 25 percentage discount on transaction fees.
High extent transactions (30k Tx/ sec): This manner that the Velas blockchain can conduct 30,000 transactions every seconds.
Security: The DPOS algorithm is used to similarly tighten up the platform.
Smart contracts: Just as the etherum clever settlement and waves blockchain or neo, Velas platform additionally lets in the creation of clever contracts, easier to installation, and can contaimn several transactions in a seconds after fixing scalability issues.
Multi Crypto currency Wallet:The wallet lets you use bitcoin wallet, velas wallet and more on a single wallet app.
VELAS TOKEN
Velas ticker: (VLX)
Blockchain: Velax
Circulating Supply: 1 342 809 241 VLX Token
Total Supply: 2 080 131 909 VLX Token
For more information about the Velas Blockchain, do use the links below;
Website | WhitePaper | Twitter | Telegram | Facebook | Instagram | Medium | Linkedin | Github | Discord
Author: IFE2020
https://bitcointalk.org/index.php?action=profile;u=2395414