Velas stands for Virtual Expanding Learning Autonomous System. It is a new blockchain technology and it's now getting popular and will have a full functional system next year after the stages to help develop it has been operated and tested on. Block chain is all about data transfer, data structure and records transaction with full decentralisation.

#Velas Blockchain
They aren't like any other decentralized block chain project or technology network. Blockchain is really getting stronger and it is exceptional from Bitcoin and others. Like I said, it involves transaction of data and for the likes of Bitcoin they are limited to few transactions per second which is not very business wise considering what they actually do which is worldly known.
Velas is new and have a boost of their capacity and with this effect they do don't allow bring down security or decentralization that is why they use a specia motionl key called AI-enhanced DPOS (AIDPOS) for their operation which is created by them with the collaboration and special workers they have, that will make the data go faster across the network including vela's and balanced enough with good potential network. The artificial intuition is the core of all this leading to 1 second to 2 minutes block speed based on work demand. They are here to help the other network issues like Bitcoin but there have been argument on the effects of this but vela's has removed all doubts by saying it will keep everything the way it is by shutting down 51% of threats occurred during the operation.

Velas Token (VLX)

Vela's token (VLX) is a topic under vela's project and is an interesting one at that. Blockchain involves a token system as a crypto currency which has its own features on key functions. Blockchain is not owned by one person it is a technology on its own and can be map out by individuals or organization. This VLX is mostly used for the data transaction, paying out huge contracts and other normal ones by giving the customers their own discount which is not bad at all because they need much appreciation from their users as a start up they are.
The discount which is 25% can be traded too, and is also there even though they use another service coin platform for payments. Velas touches almost everything and they reward their users by increasing their token especially when they stake or contribute the block chain process and the ecosystem. Much VLX tokens have been sold and due to the rising challenges involved in other technology network Velas and it's team members/partners have decided to start pre mining their tokens so that they can have access to other coin payments in exchange for stocks of VLX tokens just for now.
The VLX tokens have been widely appreciated and there's more to what they do.

Conclusion

Velas is a tight company ready to blow. They will solve many problems that has scaled high and each stage will have its own launch and frame of work. You can be allowed to store non crypto currency in their own system which will be amazing for all users.

Learn More About Velas;

Website: https://velas.com
Telegram: https://t.me/velascommunity
LinkedIn: https://www.linkedin.com/company/velas-ag
Twitter: https://www.twitter.com/VelasBlockchain/
Facebook: https://www.facebook.com/velasblockchain/
Github: https://github.com/velas
Medium: https://medium.com/@VelasBlockchain
Reddit: https://discord.gg/CTcKpPc

Authored by Dengineersprof