What is the Velas Blockchain Project and the VLX token?

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Avatar for Shady.mannaa
4 years ago

Velas is a proof-of-stake delegation blockchain powered by intuitive intelligence for secure, interoperable and highly scalable smart transactions and contracts. By applying advanced intuitive intelligence techniques in the blockchain network, Vilas is building a unique blockchain platform that will be able to execute up to 30,000 transactions per second. Villas is also developing an ecosystem that includes products such as decentralized file storage, decentralized video and audio streaming services and Messenger.

The idea behind the project is that high attention to detail, diligence and a multi-faceted artificial system is the best tool for maintaining a blockchain, allowing for higher accuracy. The Velas blockchain is secure, interoperable and scalable.

Velas is an ecosystem startup based in Switzerland. It was established in 2019 by Canadian citizen Alex Alexandrov, an entrepreneur and prominent investor in the blockchain and cryptocurrency space. He is also the founder of Coinpayments - the world's # 1 payment gateway for cryptocurrencies. A consultant and investor in Mind AI, a well-known Korean startup in the field of artificial intelligence.

Velas is launching smart contracts using Solidity - the standard smart contract language that most developers require. It also announced the Velasphere Resource Sharing Service where GPU, CPU and storage drives can be shared on the Vilas ecosystem and used to create a decentralized Internet.

Velas is also adding a decentralized social media platform to the Villas portfolio and we'd love to see everyone become a villa - the villa community.

Velasphere Square

The VELAS development team started the initial development of the new VELASPHERE ecosystem function - Disk space, CPU and GPU staking. To motivate anyone who puts their available device resources on the Vilas network.

When launched, this will provide an additional opportunity to generate rewards and be part of the Vilas ecosystem, and is a viable option for those who do not have enough Vilas currency to participate in the masternode and stacking system.

The accumulated resources will be beneficial to other users of the Vilas ecosystem

It will provide, in turn, things:

Decentralized cloud storage

Distributed Artificial Intelligence Applications

Centralized applications

Vlotex development

Explain more details about Vlotex? What is Voltex?

Well voltex is the place where everything meets and becomes like a social scientist online with their own personalities and they will be called a villa.

Basically it's a place where you can download content and everything you know if you want to go there and chat with people, all in a decentralized place. You know the web across space so when Voltex actually comes it will be different and it will change the rules of the game in relation to the social networking site.

In fact, Voltex kind of opened everyone's eyes for what it really is, and I give the real picture of what it will be like and I think it will be huge and you should know that it is not censored and will change the rules of the game as soon as it is released, yes it is exciting for the Vilas network.

Vilas wallet

Home Blockchain ⁄ What is the Velas Blockchain Project and its token VLX

Blockchain

What is the Velas Blockchain Project and the VLX token?

Arab Bitcoin 09/24/20200

Velas is a proof-of-stake delegation blockchain powered by intuitive intelligence for secure, interoperable and highly scalable smart transactions and contracts. By applying advanced intuitive intelligence techniques in the blockchain network, Vilas is building a unique blockchain platform that will be able to execute up to 30,000 transactions per second. Villas is also developing an ecosystem that includes products such as decentralized file storage, decentralized video and audio streaming services and Messenger.

The idea behind the project is that high attention to detail, diligence and a multi-faceted artificial system is the best tool for maintaining a blockchain, allowing for higher accuracy. The Velas blockchain is secure, interoperable and scalable.

Velas is an ecosystem startup based in Switzerland. It was established in 2019 by Canadian citizen Alex Alexandrov, an entrepreneur and prominent investor in the blockchain and cryptocurrency space. He is also the founder of Coinpayments - the world's # 1 payment gateway for cryptocurrencies. A consultant and investor in Mind AI, a well-known Korean startup in the field of artificial intelligence.

Velas is launching smart contracts using Solidity - the standard smart contract language that most developers require. It also announced the Velasphere Resource Sharing Service where GPU, CPU and storage drives can be shared on the Vilas ecosystem and used to create a decentralized Internet.

Velas is also adding a decentralized social media platform to the Villas portfolio and we'd love to see everyone become a villa - the villa community.

Velasphere Square

The VELAS development team started the initial development of the new VELASPHERE ecosystem function - Disk space, CPU and GPU staking. To motivate anyone who puts their available device resources on the Vilas network.

When launched, this will provide an additional opportunity to generate rewards and be part of the Vilas ecosystem, and is a viable option for those who do not have enough Vilas currency to participate in the masternode and stacking system.

The accumulated resources will be beneficial to other users of the Vilas ecosystem.

It will provide, in turn, things:

Decentralized cloud storage

Distributed Artificial Intelligence Applications

Centralized applications

Vlotex development

Explain more details about Vlotex? What is Voltex?

Well voltex is the place where everything meets and becomes like a social scientist online with their own personalities and they will be called a villa.

Basically it is a place where you can download content and everything you know if you want to go there and chat with people, all in a decentralized place. You know the web across space so when Voltex actually comes it will be different and it will change the rules of the game in relation to the social networking site.

In fact, Voltex kind of opened everyone's eyes for what it really is, and I give the real picture of what it will be like and I think it will be huge and you should know that it is not censored and will change the rules of the game as soon as it is released, yes it is exciting for the Vilas network.

Vilas wallet

Velas' multi-currency wallet allows you to store, share and transfer your digital assets with the highest level of security available today.

To use the wallet, you can use several options, either a web wallet, a mobile phone wallet, or a desktop wallet.

Web portfolio

Android mobile phone wallet

Desktop wallet

Hardware Wallets

For its security enthusiasts, you are pleased to know that Villas will launch their first hardware portfolio in the very near future. It has partnered with BC Vault to create a unique hardware portfolio tailored specifically to the needs of Velas. It will only produce a limited quantity, and each wallet comes with unique features exclusive to the hardware edition.

Employ artificial intelligence and blockchain

To do so, Velas uses its own consensus algorithm called Delegated Stake Proof by Intuitive Intelligence (AIDPOS). As the name suggests, it was built from a modified model of the Delegated Proof of Stake model, created by Daniel Larimer, but rather than relying on human intervention to vote on Delegates and spotting discrepancies, he instead uses an increasingly artificial and learning model. This consensus algorithm also gives Failas certain capabilities that other digital currencies cannot do, such as slowing down and speeding up their network to help maintain equilibrium within the ecosystem.

The Velas Network is the first blockchain to use the Proof of Stake Authorization Protocol by intuitive intelligence, which allows building decentralized applications and smart contracts on its main network, and enables it to expand the range of transactions, and the ability to validate 30,000 transactions per second. As we can see, the advantage of intuitive intelligence in blockchain is the speed of response to problems and the detection of anomalies. Meaning, it is very unlikely that the attacker will have a chance to cause any problems. As a result, Velas is fast. Blockchain is very fast without compromising security or decentralization.

The Vilas network is one year old and the market value is $ 85 million. Developers around the world have been impressed by the mandated proof of stake protocol using intuitive intelligence. Vilas has pioneered the consensus model by creating a blockchain with consensus being a smart contract versus the traditional rigidly coded model.

This allows intuitive intelligence to analyze all data points in the network and over time proposes improvements via wallet voting, changing this smart contract and blockchain consensus as a result. This allows the Velas network to constantly improve itself at its core, and over time with confidence in intuitive intelligence, more people can choose to automatically agree to its suggestions and it will evolve faster. They have also created a reputation layer that allows for better relationships between intuitive intelligence and resource-sharing nodes on the Vilas network over time.

This is a revolution because it is a completely new way to preserve participants' points in the network, which will allow intuitive intelligence to protect the network in the event of an attack by restricting the jobs to only reputable participants in the network, those who have earned their reputation over time. This will make cheating and other malicious behaviors impossible and allow the network to prevent attacks and defend itself as a living being.

The platforms that Vilas can be traded on

On the following platforms, you can trade them

BW – VLX/USDT | VLX/ETH | VLX/BTC

ZBG – VLX/USDT | VLX/BTC | VLXVLX/ETH

EXMO – VLX/BTC

Bittrex – VLX/USDT | VLX/BT

HitBTC – VLX/USDT | VLX/BTC

ProBit Exchange – VLX/KRW | VLX/BTC | VLX/USDT

Bitcoin Exchange – VLX/BTC | VLX/USDT

Changelly Pro – VLX/BTC | VLX/USDT

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