Secure, interoperable & extremely scalable
Velas blockchain uses AI-enhanced DPOS (AIDPOS) consensus for high volume transactions processing without sacrificing decentralization and security. Get more detailed information from our documentation Blue Paper Blue Paper Blue Paper and Technical Paper Technical Paper Technical Paper
Virtual Expanding Learning Autonomous System (VLX)
Algorithm of Network Training
Each node forms its own dataset (training sample) from the blockchain data. On this data, a layered training of the genetic algorithm occurs. Every next layer is learning the previous one: training on the principle of an autoencoder. After the pre-training, the backpropagation method is applied to tighten the weights to a minimum. The network must be trained before the next block cycle.
Choosing the Best Network
The nodes form a test dataset prior to the formation of a new block cycle. After the formation of the test sample, the matrices are checked. The matrix with the smallest error wins and gets loaded into the next era. The node of the winning matrix receives Velas (VLX) from the network by solving blockchain network maintenance tasks, each AIDPOS node makes an intellectual contribution by further developing a neural network. This all happens without requiring any understanding programming languages by operators of selected nodes.
Network Versions RollOut Schedule
Token Swap: Coinpayments Coin to Velas coin (VLX) was done via Coinpayments platform on the
4th of July 2019 and will mark the day of Velas independence from original token. This will also
launch first Stage described in Technical Paper:
Stage 1 (Pre-Alpha): Creation of the blockchain system structure, coins, transactions on 4 nodes. Nodes will be run by network organizers during pre-alpha stage. Smart contract in wallet will allow all CPS coin (CoinpaymentsCoin) users to swap 1:1 to VLX (Velas). Creation of tokens or custom digital assets. Each Stage is estimated to take 3-6 months to roll out.
Stage 1 Pre Alpha Token Swap
July 4th 2019
Desktop and Web
Public Nodes Software
Largest Multisig Wallet for the Crypto Community
Stage 2 Alpha AI Deployment
Stage 3 Beta Decentralized AI & Full Open Source
Launch of mind.ai
Mainnet on Velas
Stage 4 Production.
Full decentralization is achieved
Fully functional system
Self-Learning Blockchain Only Creates Blocks When They Are NeededCOINTELEGRAPH, 3 September, 2019
The crypto startup behind a self-learning, self-optimizing blockchain says it is determined to solve the problems still hampering the technology’s progress — and deliver “tremendous scalability” of up to 30,000 transactions per second.
Velas says substantial hurdles are holding the industry back. Many blockchains are centralized to some extent, and ...
CoinPayments public node. Rewards shared with internal pool staking users
is locked up entirely for later use of funds if needed
This feature allow users to stake their VLX tokens on the right of any particular node to participate in the formation of blocks in the next production era. Nodes that are successful in becoming block producers will distribute 80 percent of their block rewards to the users who correctly predicted their election.Read More
Velas Desktop Wallet
The Velas desktop wallet is a highly secure wallet program that runs on Windows, macOS, and Linux operating system. The desktop version of the wallet also uses the same mnemonic seed phrase feature and RSA-256-CBC encryption algorithm as the web version.Read More
Velas WEB Wallet
A standout feature of the WEB version is that users can specify cryptocurrency transfers in any currency of their choosing. The wallet is continually updated with the current VLX exchange rates against all fiat currencies.Read More
Web-based, universal blockchain explorer, featuring a REST API for devs.
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