The blockchain network that is self-learning and self-optimizing and claims to be able to deliver up to 30,000 transactions per second with a speed of anywhere from 1 second to 2 minutes.
We are excited to announce the listing of Velas (VLX) for Bitcoin.com Exchange users! Deposits and trading are enabled, and the VLX/BTC and VLX/USDT markets will be open for trading on Monday, July 20th, at 10:00 am UTC.
Velas is a blockchain ecosystem that implements an AI-powered Delegated Proof-of-Stake (AIDPOS) consensus mechanism for dramatically improved scalability, high security, and interoperability.
What is Velas?
Velas Network AG was founded in 2019 in Switzerland by Alex Alexandrov, the CEO of CoinPayments.
The Velas blockchain uses neural networks optimized by artificial intelligence to enhance its consensus algorithm, which maintains decentralization, stability, and security.
What is the concept of Velas?
The Velas blockchain allows for the creation of public and private containers for all coins supported. These containers will allow for the creation of an on-chain/off-chain scalability solution for all other coins as needed and serve as one ecosystem wallet for all Velas’ smart contracts.
How does it work?
Velas utilizes Artificial Intuition Delegated Proof of Stake (AIDPOS), which sits at the core of the Velas blockchain, insofar that it is supported by a theoretical process.
The company claims that it can deliver up to 30,000 transactions per second by only creating blocks when they are needed, while at the same time keeping the network safe from the threats and malicious activity. This amounts to a block per/second speed of anywhere from 1 second to 2 minutes.
What pairs can you trade?