(https://i.imgur.com/olGohOM.png) (http://www.velas.com)
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AI is capable of handling a wide range of tasks instead of one task, and as we all know, AI have the human-level knowledge and would be able to complete any intellectual task that a person could. One may ask why I am talking about Ai is the report of Crypto Valley’s Top 50 companies, In the report, Near Protocol and Velas Network were added to the Crypto Valley Top 50 (https://t.co/ydJsJ5FzE7?amp=1). Near Protocol was able to raise substantial amounts from renowned investors and Velas has seen its network value increase signifiantly.
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What draw my attention in that, Velas (https://velas.com/?utm_source=jee_at) they are combining Artificial Intuition and blockchain.
VELAS AG headquartered in Crypto Valley Zug, Switzerland is the first AI-operated delegated proof of stake blockchain, that allows to build decentralised applications and smart contracts on its mainnet, and ables scalability of the transactions, being able to validate 30000 transactions per second.
As we can see the advantage of AI in the blockchain is the speed of response to trouble and detecting anomalies. mean, less likely an attacker will have a chance to cause any issues. As a result Velas (https://velas.com/?utm_source=jee_at) is a very fast blockchain speed without compromising security or decentralization.
The Velas Network has been live for one year and has a network value of $85M. Its modified PoS, enabled with Artificial intuition and transaction capabilities, has excited developer communities across the world.
Velas innovate consensus model by creating a blockchain with consensus being a smart contract versus the traditional model of it being hard coded.
This allows AI to analyse all data points in the network and over time suggest improvements via vote in the wallet, changing this smart contract and consensus of the blockchain as a result. This enables Velas to continuously improve itself at the core and over time as AI is being trusted, more people can choose to auto-agree to its suggestions and it will evolve even faster.
They also created a reputation layer which will allow better relationships between AI and the resource sharing nodes on the Velas network over time.
This is a revolution as it’s a brand new way of keeping network participants scored, which will allow AI to protect the network in case of an attack by restricting functions to reputable participants of the network only, those who earned their reputation over time. This will make cheating and other malicious behaviour impossible and allow the network to prevent attacks and defend itself like a living organism.
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(https://i.imgur.com/4x2hvCL.png) (https://velas.com/?utm_source=jee_at)(https://i.imgur.com/aGfid15.png) (https://twitter.com/VelasBlockchain?utm_source=jee_at)(https://i.imgur.com/R68TW1Q.png) (https://www.facebook.com/velasblockchain?utm_source=jee_at)(https://i.imgur.com/jd6JBmW.png) (https://discord.com/invite/CTcKpPc?utm_source=jee_at)(https://i.imgur.com/AILSdXc.png) (https://medium.com/@VelasBlockchain)(https://i.imgur.com/Cz2l39O.png) (https://www.linkedin.com/company/velas-ag/?utm_source=jee_at)(https://i.imgur.com/M6TFpCe.png) (http://www.youtube.com/channel/UCZQNv-bdPKppg6akwWggmyQ?utm_source=jee_at)(https://i.imgur.com/OxNECAR.png) (https://www.instagram.com/velas.blockchain/?fbclid=IwAR1QHr8MMQ-wg-9OtYqOneGpIZD-5NgnyLheZqnVuniHuMTnxk_eVCL5CFg&utm_source=jee_at)(https://i.imgur.com/UaJYNmO.png) (https://t.me/velascommunity?utm_source=jee_at)
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