VELAS: SECURING LARGE AI-ENHANCED BLOCKCHAIN TRANSACTIONS WITH A STABLE, SECURE AND SCALABLE THRUST

Overview:

Today, I want to engage the glut of my blog followers with topical discussions about the innovative and revolutionary Velas projects and infrastructure. Let me start by saying that the security prospects of digital wallets are always in imminent danger. Although the transaction process is based on block chain technology, it is difficult to crack information about cryptocurrencies, but you still need to carefully protect your wallet. For example, last year we saw multiple ransomware attacks that attacked several computer systems around the world, which is why creating wallets can be very seamless, however, making available a wallet that provides an invaluable solution to protracted challenges encountered in the use of several block chain wallets is very challenging
Unfortunately, the main problems encountered in this regard are those related to scalability and security. Basically, people are reluctant to store theoretical or encrypted assets in a fragile wallet, especially when they find solace in a better wallet.
That's why I'm happy to introduce you to a fascinating and revolutionary infrastructure whose cryptocurrency wallet is absolutely scalable, decentralized and secure, called Velas

INSIGHT ABOUT THE VELAS PLATFORM
Velas is basically as self-educative and optimized block chain platform for secure, interoperable highly scalable transactions, and smart contracts. An interesting aspect of this fascinating project is that Velas makes good use of (Artificial Intelligence) AI-Operated DPOS (AIDPOS) consensus to provide top-notch protection for the block chain for a large number of transactions without sacrificing stability, security, and decentralization in its functionality.

KEY OBJECTIVE OF THE VELAS INFRASTRUCTURE

Firstly, it is good to know that Alex Alexandrov, of the renowned leading altcoin processing infrastructure CoinPayments.net, is the chief conceptualizer of the Velas project. The cardinal objective of the platform among other things is to surmount gluts of challenges that plague major block chains. Interestingly to achieve this, It makes use of AI-trained neural networks to optimize proprietary dPoS algorithms; this apparently provides a kind of protection for the network from common attack vectors and threats, including gluts of attacks, over-centralization, scalability, and "all-inclusive" issues.
In other words, Velas is a block chain architecture that uses artificially intuitively managed neural networks to enhance its consensus algorithm. The Velas block chain adopts Artificial Intelligence enhanced delegated proof stake Block chain (AIDPOS) consensus to perform a large number of transaction processing without sacrificing the decentralization and security of its users. Velas is a project known in the full context as, "Virtual Expanding Learning Autonomous System, with the basic goal and main function of its neural network modeled to obtain the reward of the actual node operator, and at the same time determine the formation time of the block. Neural network weights can also be found in the ecosystem, also known as matrix computing servers, and the rewards generated can be found on network member nodes. Nodes also need a lot of computing resources to get the actual matrix.

INSIGHT ON THE AI-ENHANCED DELEGATED PROOF-OF-STAKE BLOCK CHAIN (AIDPOS)

Earlier on, there was the emphasis that the Velas block chain infrastructure had adopted the Artificial Intelligence enhanced delegated proof of stake Blockchain (AIDPOS) consensus for high volume transaction processing without sacrificing decentralization and security for its users. In addition, AIDPOS is running the VELAS blockchain that is instrumental to the great value and rave reviews; below are some of the standpoints with which the platform has shown great appeal in use:

Completely Decentralized
Another fascinating dimension to this project is that the VELAS blockchain will be completely decentralized. Applying artificial intelligence to the Delegated Proof of Stake (DPoS) is already a pointer to this purpose.

Election
In terms of the election, the VELAS blockchain believes in transparency, in view of this a veritable way to ensure this is upheld id to conduct elections. The elections here are conducted by human intuition, and the block producers will be elected.

Scalability
Scalability is another key factor that enhances the speed of transactions, an imperative that has attracted rave reviews. It’s quite laudable as developers of the of the VELAS block chain have made a concerted effort towards ensuring top-notch scalability. In other words, the platform can handle 30,000 transactions per second.

VELAS LAUNCHES MULTI-CURRENCY WALLET

Like I have mentioned in my blog, Velas Network is a Switzerland oriented delegated-proof-of-stake block chain that has seamlessly unveiled its Web and desktop wallets. This singular act provides multi-currency support for Vela's highly secure wallet, with mnemonic phrase backup and advanced encryption. The launch of the wallet system opened a new frontier landmark in the Velas roadmap, bringing the network closer to its goal of supporting the smart contract ecosystem for dApps and other crypto products.

VLX TOKEN

VLX tokens are basically the internal ecosystem token on the Velas block chain, and stands as a key tool for transactions on the platform. The all-important VLX tokens were designed as a tool for sharing and rewards. Among them fueling the Velas network and using VLX to power smart contracts and payment systems.
In other words, the innovative VLX token can also provide a 25% discount to every user on the platform who uses the VLX to stack plan, and this is among the gluts of benefits for using the platform. Interestingly, the Velas platform has pre-mined 2,000,000 VLX.

STRATEGIC VELAS ROADMAP

July 4, 2019

• The first stage of pre-Alpha token swap

July 2019

• Private sale

September 2019

• Block Explorer

September 2019

• Desktop and Web
  Wallet

September 2019

• Public node software

Q4 2019

• Exchange Listings

Q1 2020

• Artificial Intelligence Research

Second-quarter of 2020

• Mobile Wallet launched

Second-quarter of 2020

• New wallet function: decentralized cloud; multi-signature capability

Second-quarter of 2020

• Listing of new exchanges

Third-quarter of 2020

• Second stage Alpha AI deployment

Third-quarter of 2020

• Launch of mind.ai mainnet on Velas

Third-quarter of 2020

• Container system: launch cross-chain TX

Q4 2020

• Phase 3 Beta decentralized AI and fully open source

Q4 2020

• Hardware wallet

December 2020

• The fourth stage of production.
• Full decentralization attained

First-quarter of 2021

• Fully functional system

THE TEAM:

The Velas blockchain vastly experienced team has shown enormous positives to bring needed change to the blockchain space with the commitment and technical savvy brought forward by the various individuals with pedigree to this innovative project. I give huge kudos to the team.

CONCLUSION:
I will not be overtly making over-emphasis if I say the Velas blockchain platform is the future of the blockchain technology, the infrastructure id opining new frontiers and addressing critical issues that has posed a threat the blockchain ecosystem. I urge willing investord to take the chance and invest while it last.

For further insight about the Velas block chain project, please click on the links below:

Website: https://velas.com/
Twitter: https://www.twitter.com/VelasBlock chain/
Telegram: https://t.me/velascommunity
Bitcointalk: https://bitcointalk.org/index.php?topic=5244455.0
Facebook: https://www.facebook.com/velasblock chain/
Instagram: https://www.instagram.com/velas.block chain/
Medium: https://medium.com/@VelasBlock chain
LinkedIn: https://www.linkedin.com/company/velas-ag
Github: https://github.com/velas
Discord: https://discord.gg/CTcKpPc

Author's Bitcointalk Username: Jannyh
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1883625