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

About
velas

Virtual Expanding Learning Autonomous System (VLX)

AI-Operated Delegated
Proof-of-Stake Blockchain

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.

ROADMAP

Stage 1 Pre Alpha Token Swap

July 4th 2019

Private Sale

July 2019

Block Explorer

September 2019

Desktop and Web
Wallets

September 2019

Public Nodes Software

September 2019

Exchange Listings

September 2019

Largest Multisig Wallet for the Crypto Community

2019 Q4

Stage 2 Alpha AI Deployment

2019 Q4

Hardware Wallet

2020 Q1

Stage 3 Beta Decentralized AI & Full Open Source

2020 Q1

Launch of mind.ai
Mainnet on Velas

2020 Q2

Stage 4 Production.
Full decentralization is achieved

2020 Q3

Fully functional system

November 2020

News

Self-Learning Blockchain Only Creates Blocks When They Are Needed

COINTELEGRAPH, 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 ...

Resources write about Velas