- Velas AG, headquartered in Switzerland, is a new AIoperated dPoS delegated proof of stake blockchain project and an ecosystem on which one can build AI projects, dApps, smart contracts, etc. - It is founded by the CEO of the world’s first and biggest altcoin payment processor platform from 2013 – Coinpayments.net – Alex Alexandrov. - Coinpayments created a CPS coin to provide its active merchants and users of 3000 000 000 a discount token for transactions and fees, and earn staking rewards vaulting their CPS coin. - The development of Velas rooted from CPS, as the founders saw an opportunity to create an own proprietary AI enhanced Blockhain and consensus protocol, rather than using a third party solution which still has flaws. - Development of Velas started 2 years ago. - Coinpayments Coin to Velas coin VLX was done via Coinpayments platform on the 4th of July 2019 and will mark the day of Velas independence from original token. - This will also launch first Stage described in Technical Paper.The purpose of Velas is to address and fix existing issues and challenges faced by most existing Blockchains, like centralization, 51% attack, nothing at stake problem, scalability, security, high upfront expenses, etc. - It does so by using neural networks optimized by artificial intuition to enhance its consensus algorithm..
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