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. 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.

We are excited 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, July 14th. The high profile listing comes at just the time Velas coin is soaring up the Coinmarketcap Top 100 coins.

What is Velas?

Velas Network AG was founded in 2019 in Switzerland by Alex Alexandrov, the CEO of CoinPayments. Velas is a self-learning and self-optimizing blockchain platform for secure, interoperable, extremely scalable transactions, and smart contracts. 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.

Unparalleled durability and increased tolerance mean that the Velas blockchain is unique within the field of distributed ledger technology, opening up a new era in e-commerce and the global economy.

How does it work?

Velas utilizes a unique, innovative consensus mechanism a so-called Artificial Intuition Delegated Proof of Stake (AIDPOS). The AIDPOS framework sits at the core of the Velas blockchain, insofar that it is supported by a theoretical process called Artificial Intuition. Meaning that the above-mentioned technology seeks to collect, identify, and assess patterns and/or relationships across all data sets that go in and through the network. This process results in an ultra-efficient blockchain operation.

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 is the function of its coin?

The Velas blockchain has its own cryptocurrency, the Velas coin (VLX). It is used to fuel the Velas blockchain network, it is necessary for smart contracts and also being used for transactions.

What pairs can you trade?

VLX/BTCVLX/USDT

To celebrate the launch of our new coin listing, enjoy fee-free trading* on all Velas pairs for a limited time only.

What pairs are included in the fee-free trading promotion?

VLX/BTCVLX/USDT

How long can you trade Velas markets fee-free?

The Velas (VLX) fee-free trading will last the first two days from listing time.

Start date: Monday, July 20th, 2020 3:00 pm UTCEnd date: Wednesday, July 22th, 2020 3:00 pm UTC

*Promotional VLX fees 0% Maker fee and 0.01% Taker fee during the promotional period only

This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be 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, or a recommendation or endorsement of any 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 alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Link:

Velas Enters the Top 100 Coinmarketcap and Launches on Bitcoin.Com Exchange | Press release - Bitcoin News