Review on Velas by francis fernandez
Candles: optimizing the use of blockchain with AI
Cryptographic project developers are constantly looking for scalability solutions for cryptocurrencies. One of these innovations is the Velas project.
Velas (VLX) is a digital asset whose platform is intended to overcome the scalability and decentralization obstacles suffered by the preceding currencies; contributing to the autonomy of digital applications created from them.
Functioning:
Velas is an ecosystem that works on two sides. On the one hand, it serves as a gateway for the distribution of non-custodial digital content; and on the other, the base infrastructure provided by blockchain technology.
Utilities:
• Serves as an advertising medium
• Allows you to generate passive income by keeping the funds in your wallet
• Offers a multi-currency wallet.
• Allows you to generate income by joining your mining network
• Offers digital solutions for satellite tracking
• Serves as a digital gateway for receiving and sending donations
Consensus:
The mining network uses a governance system based on the DPOS (Delegated Proof of Stake) consensus protocol for validation and decision making in the block generation process.
The platform represents a valuable ecosystem that allows to develop multiple non-custodial digital applications, design smart contracts and multifunctional solutions with the security of blockchain technology.
It is also a useful tool to carry out large volumes of operations due to its decentralized governance mechanism. Compelling reasons to consider it within our options when conducting secure and functional electronic commerce.
Pros
- Boost server productivity through AI
- Provides access to a wallet within its platform
- Allows fast and safe operations
Cons
- It is not a stable currency
