Velas is a cryptocurrency and blockchain project which is using artificial intelligence to power its consensus algorithm. The idea behind the project is that a meticulous, calculating, and multifaceted artificial system is the best tool for maintaining a blockchain, allowing for higher prevention of inaccuracies.

To do this, Velas uses its own consensus algorithm called AI-Operated Delegated Proof of Stake. As the name suggests, it is built from a modified form of the Delegated Proof of Stake model, created by Daniel Larimer, but rather than relying on human intervention to vote on delegates and detect inconsistencies, it uses an exponentially growing and ever-learning artificial intelligence program instead. This consensus algorithm additionally gives Velas certain abilities which other cryptocurrencies simply cannot do, such as slowing down and speeding up its network to help maintain equilibrium within the ecosystem.

Irish Tech News, 4 July, 2019

The developers of Velas, an artificial intelligence-enhanced delegated proof-of-stake (AIDPoS)-based blockchain network, have identified the main problems in the existing distributed Read More, 10 June, 2019

Consensus is a major element in ensuring the integrity of a blockchain. Participants need to always be in agreement as to which blocks are added to the chain Read More, 18 June, 2019

The ability to offer a currency that is regulated by its users instead of being at the mercy of large institutions has changed the way people think about economic exchanges. Read More

Tech Announcer

Velas AG, headquartered in Switzerland, is a new AI-operated dPoS (delegated proof of stake) blockchain project and an ecosystem on which one can build AI projects Read More

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