Velas TM is a self-learning and self-optimizing blockchain platform with secure, interoperable, and highly scalable transactions and smart contracts. The Velas blockchain uses a neural network optimized by AI technology to improve its consensus algorithm to ensure algorithm decentralization, high scalability and security. VELAS is the backbone of the entire system, such as exchanges, multi-signature wallets and business platforms. Today, Mind AI companies have developed on VELAS. Developers can integrate AI technology into projects, and companies can exchange VELAS for other tokens like Ethereum’s ERC-20 tokens.

Project Vision

The Velas blockchain platform employs AI-optimized neural networks to enhance its consensus algorithm. The purpose of Velas is to solve and fix the problems and challenges faced by most existing blockchains.

The neural network is used as a reward for calculating node operation and block formation time. Matrix calculation servers (neural network weights) are located on nodes of network members for receiving rewards. Similar to Bitcoin miners, nodes need to have a lot of computing power to calculate the matrix. For example, installing a powerful dedicated graphics card (GPU).

In order to train the neural network, the genetic algorithm is used before training, and the method of error back propagation is used to find the minimum value of the objective function.

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