Hi peeps, this is a trendy day, everyone is hyped up as the bitcoin halving draws even nearer; i am hoping all of us is staying healthful and safe as we get over the pandemic. Bitcoin is now a popular across the globe and widely accepted by many; however before bitcoin absolutely applied, there was the blockchain technology, which makes every crypto currency projects funciton and feature nicely. But do you realize that regardless of exquisite functionality of the blockchain, trouble persists and several platform has attempted to fix it all to no avail;
A problem is the scalability of the blockchain: What does scalability means? I term it as the time and amount of transaction in which a network (node) can process at a go.
Another hassle related to the blockchain is the centralization of the blockchain to a degree, and community inefficiency.
No Incentives: Incentive's need to be in place in order for people who are bolstering the growth of the blockchain systems to be rewarded. Sadly, there is no means to an extra volume. Many blockchain systems do not praise their customers. The few that do are always issuing a couple of rewards to the miners on my own.
Come to think of it, there may be a platform which tackles and solves the scalability and also provide decentralization on their blockchain; and for me i say it is the VELAS Blockchain Platform.
Velas blockchain is a self-mastering and self-optimizing blockchain platform for comfortable, inter-operable, extremely scalable transactions and clever contracts. The Velas platform is going to use optimized Artificial Intelligence (AI) neural networks to enhance its consensus algorithm and ensure decentralization, stability and protection at the Velas Blockchain.
Velas from its call genuinely manner is virtual expanding learning self sustaining gadget and that means it's far designed to improve the prevailing blockchain through the advent of AI Artificial Intelligence with a view to function on the delegated proof of stake blockchain.
The AI on the Velas platform goes to be hired to become aware of the relationships among datas on the platform; It adapts enter in a concise way and generates the fine results with out converting the ouput. This segment requires 3 velas node network in The Block size, The Block time and Transaction in keeping with 2d (TPS).
Definitely, it is going to be characteristic with clever contracts so one can foster scalable transactions at the blockchain. This plan will take decentralization to the following stage and take away the centralized approach to the whole thing executed digitally.
Velas has come to preserve the present true capabilities or benefits of the antique block chain and to add new features like safety, balance and the ability to deal with better transaction volume without it affecting decentralization.
What makes VELAS classy from all associated platform is the manner it intelligently makes use of the AI operated DPOS as a permanent consensus set of rules which is by way superior and very powerful. Through velas, the efforts of humans is less depended on and faults are removed when special transactions are being performed.
Rewards at the velas platform consists of:
- The Velas platform scalability is close to 30000 transactions in step with second solving scalability troubles.
- The Velas platform creates block simplest whilst required. (On customers discretion).
- There aren't any guide choice of block producers, its all done by using the AI completely disrupting biasness or favoritism that usually exist.
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