HOW THE AI-OPERATED DPOS FACILITATES SPEEDY TRANSACTION ON THE VELAS BLOCKCHAIN

INTRODUCTION
When the Distributed Ledger Technology (DLT), the blockchain technology came into being a decade ago, it wasn’t taken seriously. The reverse is now the case because blockchain technology has grown to become one of the most utilized networks and technology in the world.
With the “gospel of decentralization, security, and transparency,” the blockchain network was able to gain massive tractions. Today, it has helped many industries in bolstering their model of operations.
Obvious Lapses in Blockchain Technology
Although blockchain technology promised to usher in decentralization and bolster the speed of transactions, it is now becoming obvious that it couldn’t. For a technology that took the world by the storm with those promises only to fail at the end, it can be embarrassing.
Over the last couple of years when blockchain’s challenges became clearer, efforts have been made to address the same.
While some of those efforts weren’t coming off as expected, it may not be a bad idea to do something differently. The VELAS blockchain has an idea of how to make things better as far as blockchain technology is concerned.

AI IN BLOCKCHAIN TECHNOLOGY
The first approach used by the VELAS blockchain is the integration of Artificial Intelligence (AI) in blockchain networks. It is more of saying “AI Meets Blockchain Technology.”
With the extensive feats pulled by AI in the different industries where it has been in use, the VELAS blockchain hopes that something similar will be achieved on its network.

THE ROLE OF AI IN VELAS
So, how exactly does VELAS want to leverage blockchain technology in its blockchain network?
Below are some of the blueprints of how it wants to do that:

• AI-Operated DPOS
  The Delegated Proof of Stake (DPoS) consensus algorithm is one of the widely used algorithms in blockchain networks. It is there to ensure that stakes are proven beyond any reasonable doubt.
  To make things easier for everyone, the VELAS blockchain now brought in Artificial Intelligence (AI) into the system. Here, there will be an AI-Operated Delegated Proof of Stake (AIDPOS) consensus algorithm.
  And as you may have known, Artificial Intelligence (AI) stands for automation too. So, we can expect a bit of action when it comes to scaling transactions on the VELAS blockchain.

• Intelligent Operation
  The AI-Operated Delegated Proof of Stake (AIDPOS) consensus algorithm of the VELAS blockchain is also there to bolster the intelligence of operations.
  It will no longer be business as usual whereby corruptible human dependencies used to hold sway. Instead, the new consensus algorithm we have here will be used for preventing many blockchain security lapses, such as the 51% Double-Spend attack.

THE FUTURE OF BLOCKCHAIN TECHNOLOGY
Blockchain technology is already on the way of changing how we go about our traditional transactions. The input of the VELAS blockchain will go the extra mile to bolster the success of blockchain networks, especially in the areas of security and speed.
Do you think the AI-Operated Delegated Proof of Stake (AIDPOS) consensus mechanism of the VELAS blockchain is better than the traditional DPoS and PoW consensus mechanism?

USEFUL LINKS
Website: https://velas.com/
Blue Paper: https://velas.com/VELAS-Blue_Paper.pdf
Technical Paper: https://velas.com/VELAS-Technical_Paper.pdf
Telegram: https://t.me/velascommunity
Twitter: https://www.twitter.com/VelasBlockchain/
Facebook: https://www.facebook.com/velasblockchain/

AUTHORS DETAILS
Bitcointalk Username: Gopalwu
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2759913;sa=summary