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The self-learning and self-optimizing blockchain network claims to be able to deliver up to 30,000 transactions per second with speeds ranging from 1 second to 2 minutes. Velas is a blockchain ecosystem that implements an AI-based Delegated Proof-of-Stake (AIDPOS) consensus mechanism for greatly improved scalability, high security, and interoperability.
We are thrilled to announce the listing of Velas (VLX) for Bitcoin.com Exchange users. Deposits and trading are enabled and the BTC-VLX and USDT-VLX markets will be open for trading on Tuesday 14 July. The high-profile list comes just as the Velas coin is climbing the Top 100 Coinmarketcap coins.
What is Velas?
Velas Network AG was founded in 2019 in Switzerland by Alex Alexandrov, CEO of CoinPayments. Velas is a self-learning, self-optimizing blockchain platform for secure, interoperable, highly scalable transactions and smart contracts. The Velas blockchain uses artificial intelligence-optimized neural networks to enhance its consensus algorithm, which maintains decentralization, stability and security.
What is the concept of Velas?
The Velas blockchain allows the creation of public and private containers for all supported coins. These containers will enable the creation of an on-chain / off-chain scale solution for all other coins as needed and will serve as the ecosystem portfolio for all Velas smart contracts.
Unprecedented durability and increased tolerance mean the Velas blockchain is unique in the field of distributed ledger technology, opening a new era in e-commerce and the global economy.
How does it work?
Velas uses a unique and innovative consensus mechanism, the so-called “Artificial Intuition Delegated Proof of Stake (AIDPOS)”. The AIDPOS framework is at the heart of the Velas blockchain, insofar as it is supported by a theoretical process called “Artificial Intuition”. It means that the aforementioned technology seeks to collect, identify and evaluate patterns and / or relationships between all data sets that enter and traverse the network. This process results in an ultra-efficient blockchain operation.
The company claims to be able to deliver up to 30,000 transactions per second by creating blocks only when they are needed, while keeping the network safe from threats and malicious activity. This equates to a freeze-per-second rate of between 1 second and 2 minutes.
What is the function of your currency?
The Velas blockchain has its own cryptocurrency, the Velas coin (VLX). It is used to power the Velas blockchain network, it is necessary for smart contracts and also for transactions.
Which pairs can you trade?
VLX / BTC
VLX / USDT
To celebrate the launch of our new coin quote, enjoy free trading * on all Velas pairs for a limited time only.
Which pairs are included in the commission free trading promotion?
VLX / BTC
VLX / USDT
How long can you trade on the Velas markets without commissions?
Velas commission free trading (VLX) will last for the first two days from the time of listing.
Start date: Monday 20 July 2020 at 15:00 UTC
End date: Wednesday 22 July 2020 at 15:00 UTC
* Promotional VLX Commissions: 0% Maker Commissions and 0.01% Taker Commissions only during the promotional period
This is a press release. Readers should perform their own due diligence before taking any action related to the promoted company or its affiliates or services. Bitcoin.com is not liable, directly or indirectly, for any damage or loss caused or allegedly caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
Image credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, nor a recommendation or endorsement of products, services or companies. Bitcoin.com does not provide investment, tax, legal or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or allegedly caused by or in connection with the use or reliance on any content, goods or services mentioned in this article.
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