VELAS; Solving Scalability & Providing Multi-Currency Wallet
Consensus algorithms and mechanisms are a part of the reasons why blockchain initiatives and systems succeed. They assist to stop many glitches that could have otherwise reduced the tempo of transactions if the algorithms weren’t there. And this is also a core reason why the VELAS blockchain will employ its functionalities, but only to some extents.
How? By using the AIDPOS – THE LATEST CONSENSUS ALGORITHM; The VELAS blockchain came up with a extraordinary consensus algorithm known as the “AI-Operated Delegated Proof of Stake” consensus algorithm. It is supposed to characteristic because the DPoS might best that it makes use of Artificial Intelligence (AI).
What makes AIDPOS different from other consensus?
AIDPOS has many capabilities that differentiate it from the normal blockchain consensus algorithms. The maximum awesome is the leverage of Artificial Intelligence (AI), which we recognize that AI is more advanced. Thus, the software of AI inside the conventional Delegated Proof of Stake (DPoS) consensus algorithms will help the VELAS blockchain.
Ideally, the application of the AIDPOS consensus algorithm will assist in bolstering the scalability of blockchain transactions. It may also assist within the enhancement of decentralization and protection of transactions.
The VELAS blockchain stands to gain a lot with the AIDPOS as it works are exemplary. Below are a number of the ways the systems stands to witness big traction while it's far in use.
Election: The VELAS blockchain believes in transparency and one of the methods to do this is by using carrying out elections. The elections here are performed through the Artificial Intelligence and those to be elected are the block manufacturers.
Scalability: The pace of transactions is likewise well worth considering. The VELAS blockchain has already made efforts to make certain that scalability is greatest. Ideally, the platform can process 30,000 transactions in a second.
Fully Decentralized: There is no gainsaying that the VELAS blockchain can be completely decentralized. The utility of Artificial Intelligence (AI) inside the Delegated Proof of Stake (DPoS) is already a pointer that it is a decentralized platform.
To further add to the traction of using the AIDPOS, The VELAS blockchain gives a new way of leveraging blockchain technology.
VELAS will solve problems like;
Block Time Formation: For all of the node operators who have been confronted with problems of calculating rewards, neural networks on the Velas blockchain provide a strategy to this. They will be able to calculate rewards wonderfully and calculate block formation time.
Matrix Calculation: The neural networks also provide necessary matrix calculation servers on every of the respective nodes that helps the individuals no matter their huge number to get their rewards. The nodes are made to own the vital assets for the powerful calculation of the rewards.
The Neural Network functions targets the default blockchains and resolves their challenges. The effective education of the neural networks mechanically makes the technique of incomes rewards from nodes smooth and loose from mistakes.
VELAS TOKEN
Velas ticker: (VLX)
Blockchain: Velax
Circulating Supply: 1 342 809 241 VLX Token
Total Supply: 2 080 131 909 VLX Token
Conclusion; I have created a VELAS Wallet, and I have to admit that it was easy, seamless and burden free; and I know you will love this, do get more details below;
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Author: ifemini
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