Velas - Using AI-enhanced DPOS (AIDPOS) consensus
Introduction
The Velas blockchain platform uses neural networks that are optimized by artificial intuition to improve consensus algorithms. Velas's goal is to overcome and improve existing problems and challenges faced by most blockchain. The neural network is used to calculate the rewards from the node operator and the time of block formation. The calculation server matrix (neural network weights) is at the node of the network member to receive prizes. Similar to Bitcoin miners, nodes must be large computing resources to calculate matrices. For example, installing a special powerful video card (GPU). To train neural networks, genetic algorithms are used during the pre-training period and use the error propagation method to find the minimum objective function.
What is Velas?
Velas is a blockchain platform that learns itself and optimizes for transactions that are secure, interoperable, highly scalable and smart contracts. Velas uses the AI Operated DPOS consensus (AIDPOS) to secure a blockchain for high processing transaction volumes without sacrificing decentralization, stability and security. Through the use of the intelligent DPOS AI consensus algorithm, human dependency that can be broken is removed from the fault tolerance system which prevents most major problems such as 51% of attacks and nothing at stake.
Choosing the Best Network
The node forms a test dataset before the formation of a new block cycle. After forming the test sample, the matrix is examined. The matrix with the smallest error wins and is loaded into the next era. The winning node's node receives Velas (VLX) from the network by completing the task of maintaining the blockchain network, each AIDPOS node makes an intellectual contribution by further developing the neural network. This all happens without requiring an understanding of the programming language by the operator of the selected node.
Network Training Algorithm
Each node forms its own dataset (training sample) from the blockchain data. In this data, layered training of genetic algorithms occurs. Each subsequent layer studies the previous one: training on the autoencoder principle. After pre-training, a backpropagation method is applied to tighten the weights to a minimum. The network must be trained before the next block cycle.
Genetic algorithm:
- Creation of a specimen: a matrix with random weights (genes)
- Competition: getting the minimum of the objective function
- Selection: ranking specimens by error. The smallest error is a victory.
- Reproduction: exchange of the matrix’ elements, or genes, 50/50 from the first two most successful.
- The cycle is repeated until a 70% probability is obtained
Choosing the best network
- The nodes form a test dataset prior to the formation of a new block cycle.
- After the formation of the test sample, the matrices are checked.
- The matrix with the smallest error wins and gets loaded into the next era.
- The node of the winning matrix receives Velas (VLX) from the network
A market for the sale and purchase of the most effective specimens will evolve which will open up the development of the blockchain network maintenance algorithm with rewards for other systems based on Velas.
In the era of ultra-fast computing systems based on quantum technology, it’s possible to achieve close to an ideal state of a neural network in a short period of time having trained it in a commercially available quantum computers, while only adding new features over time.
By solving blockchain network maintenance tasks, each AIDPOS node makes an intellectual contribution by further developing a neural network. This all happens without requiring any understanding programming languages by operators of selected nodes.
RollOut Network Version Schedule
Token Swap: Coin to Velas (VLX) payments are made via the Coinpayments platform on July 4, 2019 and will receive Velas independence day from the original token. It will also launch the first Phase to be discussed in the Technical Paper: Phase 1 (Pre-Alpha): Making blockchain, coins, transaction structure on 4 nodes. The node will be run by the network provider during pre-alpha. A smart contract on the wallet will allow all CPS (CoinpaymentsCoin) coin users to exchange 1: 1 for VLX (Velas). Manufacture of special tokens or digital assets. Each phase is expected to take 3-6 months to launch.
Stage 1 (Pre-Alpha): Creation of the blockchain system structure, coins, transactions on 4 nodes. Nodes will be run by network organizers during pre-alpha stage. Smart contract in wallet will allow all CPS coin (CoinpaymentsCoin) users to swap 1:1 to VLX (Velas). Creation of tokens or custom digital assets.
Stage 2 (Alpha): Creation of a stable system, Velas deployment on 10 nodes and testing AI from network organizers 4 servers. Introduction of Multi-Wallet Containers public and private send functions.
Stage 3 (Beta): Addition of AI offsprings populating test nodes in order to compete with server side AI. Further expansion for all the leading cryptocurrencies for Multi-Wallet container system for sending, receiving and smart contracts functions.
Stage 4 (Release Candidate): Integration of AI into existing advisor nodes, amount of which is now set by the AI logic.
Stage 5 (Release): Launching the full functionality of the system. Users can now download neural network kits and optimize them for their projects using visual tools and earn for their contribution. Coin nodes will be spun up using trained neuron network pretrained for most environments and will allow easy setup and maintenance
of coin nodes.
Roadmap
For more information about this project, see the link below:
Website: https://velas.com/
White Paper: https://velas.com/VELAS-Technical_Paper.pdf
Twitter: https://www.twitter.com/VelasBlockchain/
Telegram: https://t.me/velascommunity
Facebook: https://www.facebook.com/velasblockchain/
Instagram: https://www.instagram.com/velas.blockchain/
Medium: https://medium.com/@VelasBlockchain
Linkedin: https://www.linkedin.com/company/velas-ag
Github: https://github.com/velas
Discord: https://discord.gg/CTcKpPc
Author: dey90
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=731808
Velas wallet address: VLhj8DdQ2sgK2Vt9GrPjBgPGRtcWpEjQmLa