OVERVIEW:
Let me start this discourse by stating the obvious that lately there exist primarily two extensively discussed burning topics in the technology ecosystem and these are blockchain and artificial intelligence. Artificial intelligence is basically compared to output and productivity, while blockchain is often referred to as changes in production relations, and the significance of this can best be seen in your mind's eye.
WHAT IS VELAS:
The topic for today is centered on Velas' blockchain, an innovative and revolutionary platform, Velas is headquartered in the globe’s renowned blockchain center-Swiss Crypto Valley, and is basically making critical efforts on combining these two technologies to empower artificial intelligence with powerful self-learning and evolution capabilities that change the cause of digital history.
Velas blockchain is a fascinating and result-oriented platform that has been able to establish Artificial Intelligence (AI) into blockchain technology to provide a solution for the deficiencies and inadequacies of the rule of man, This project is quite exciting as it will glut of people into the post-blockchain 3.0 era encapsulated on the threshold of blockchain, smart contract, absolutely reliable scalability and of course the model Artificial Intelligence.
I am proud to introduce to you the Velas founder and CEO Alex Alexandrov who happens to also be the CEO of CoinPayments. Pride itself with about three million active users, CoinPayments is acclaimed to be the pioneers and largest payment processor in the cryptocurrency ecosystem. In other words, it provides critical support for almost 1500 currencies and also has a whopping 2.5 million suppliers in about 182 countries.
This is mind-blowing because these massive potential user groups are the ecological territory that most blockchain projects can never attain. The ecosystem previously covered by CoinPayments includes exchanges, multi-signature wallets that support multiple currencies, and commercial platforms; it will also be seamlessly integrated into the Velas ecosystem.
HOW VELAS IS MAKING STRATEGIC ADJUSTMENTS BASED ON CHANGING NETWORK NEEDS
The Velas project has continued to receive rave reviews from trusted experts in the ecosystem. Following the absence of consensus, blockchain-oriented protocols will continue learning and will flock in. Similarly, these groups will continue to mutate until a consensus is reached. At this point, the network "reassessed itself". The conceptualizers of the Velas infrastructure has deducted that these unique attributes will enable the Velas network to adapt to network needs.
In order to realize a constantly learning dynamic blockchain network, Velas developers will create a complex system composed of interconnected neural networks. The parameters on these neural networks will adapt to specific needs at any given time.
THE FUNDAMENTAL FEATURES OF THE VELAS ARCHITECTURE:
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Described as the change agent of the blockchain technology following attempts to secure faster transaction for, the Velas revolutionary platform has gluts of fundamental and solution-oriented features that make it stand out: Excerpts below:
****Velas Artificial Intelligence
.The Velas artificial intelligence on the Velas platform that is designed to identify the relationship between the data on the platform;, basically, it adjusts the input in a concise way and produces the best results without changing the output. This network fragment calls for a network of 3 velas nodes in block size, block time, and transactions per second" (TPS).
****Vital Rewards On The Velas Ecosystem
Let us go further by taking a cursory look at some of the mouth-watering rewards on the Velas infrastructure:
*Basically, the Velas architecture platform only creates blocks when needed and this is at the in stanc3e of the user's foresight and good judgment.
- Secondly there is no manual selection of block producers, all of which completely offset prejudice or preference by AI.
AI-enhanced DPOS (AIDPOS): Manually delegated Proof of Stake (AIDPOS) —used to protect the Velas blockchain; it helps solve scalability issues, and can also solve Peercoin and NXT ’s Bitcoin POW system and POS system.
*There is also the issue of scalability of the Velas architecture which is in the region of 30,000 transactions per second, a huge milestone in providing solutions to the challenges of scalability.
****AIDPoS: AI-enhanced DPoS Consensus Mechanism
Let me take readers deeper into the Velas ecosystem, this innovative infrastructure is the acronym for "Virtual Expanding Learning Autonomous System". Velas is designed in such a way that it utilizes AI-optimized neural networks to enhance its DPoS consensus algorithm, creating a public chain that can self-learn and self-optimize, thereby improving security, interoperability, and scalability. Additionally, the Artificial Intuition Delegated Proof of Stake (AIDPOS) is utilized to secure the Velas blockchain, provide a premise to assist in fixing the scalability problems, and also tackles the Bitcoin’s POW and POS system.
In other words, Velas' Artificial Intelligence neural network is composed of many simple organisms and is based on the blockchain protocol, continuously learning without establishing a consensus, and eradicates the irregularities in the blockchain via the popular rule until a consensus is reached. In the course of this, the network takes a deep inventory of itself with a view to assembling the overall needs of the network via adaptation to ensure that the network operates seamlessly as anticipated.
PARTNERSHIP:
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The developers of the Velas project and platform are quite informed about the significance of healthy partnership and result-oriented collaborations; hence they have entered into invaluable partnerships with strategic institutions and organizations that are in-depth in the digital and blockchain development ecosystem. This can be obviously seen in the mileages attained in the project so far.
CONCLUSION:
Finally, let me summarize the answers provided by Velas MD / CEO Alex Alexandrov in a recent interview. When asked, "'How did Velas put forward the unique concept of implementing artificial intuition in the Velas ecosystem? What advantages does artificial intuition bring to Velas and its loyal users?
He said-" In popular terms, It means that the underlying technology attempts to collect, identify and evaluate the patterns and relationships in all data sets in and through the Velas network. This allows the blockchain to operate in an ultra-efficient manner, but this does not mean that it is completely controlled by some unpredictable robots. As far as Velas is concerned, the role of AI is similar to human consciousness, or more specifically, its intuition”.
Velas ’innovative technology allows its blockchain to verify and process up to 30,000 TPS. This corresponds to a block speed of 1 second to 2 minutes per second. Ultimately, this will be determined by artificial intuition algorithms based on the needs of the network. "
For more Velas resource, click on the links below:
Read the blue paper: https://velas.com/VELAS-Blue_Paper.pdf
Technical paper: https://velas.com/VELAS-Technical_Paper.pdf
Website: https://wallet.velas.com/
Twitter: https://www.twitter.com/VelasBlockchain/
Facebook: https://www.facebook.com/velasblockchain/
Linkedin: https://www.linkedin.com/company/velas-ag
Discord: https://discord.gg/CTcKpPc
Telegram: https://t.me/velascommunity
Be updated from Medium: https://medium.com/@VelasBlockchain
Be part of Velas GitHub community: https://github.com/velas
Author's Bitcointalk Username: Jannyh
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1883625