The Velas Blockchain platform is now protected by Path Network, a U.S. company that specializes in DDoS mitigation and enterprise security for services such as exchanges, financial centers, server hosts and other such enterprises that require reliability, 100% uptime, and protection from malicious attackers.

Path’s Anycast network, one of the largest in the world, establishes reliability through redundancy by balancing traffic across each of its 14 PoPs ensuring that no single node can be overwhelmed and that the Blockchain remains accessible at all times. The Blockchain and its users can expect to face no downtime due to DDoS attacks and…

AIDPOS consensus algorithm

The main principle behind AIDPOS is to use AI to adapt the blockchain to current circumstances within the network, preserving the level of the performance and resilience primarily in the optimal ranges. This is achieved by embedding trained models within every full node, which is producing the optimal values of the key parameters for the blockchain, based on the data collected from the last epoch.

One of the most promising areas of integrating AI and blockchain technologies together like this is the development and training of a ‘recommender algorithm’ based on machine learning technologies, which would provide a dynamic change…

What is Velas FlashLight?

It’s all in the name — the latest and greatest news behind Velas across the globe, broken down into fast, digestible bites (Flash) illuminating the hard work our team has delivered in the past few weeks or so (Light).

Velas FlashLight is a bi-weekly roundup of Velas in the news and across social media, from videos and mentions from your favorite YouTubers and Twitter influencers, to waves Velas is making in traditional media and articles. All in one place.

Today Velas is proud to announce a building-on of the Solana codebase resulting in one of the fastest blockchain frameworks in the industry, Velas has now added support for Ethereum Virtual Machine, and Velas is going open source moving forwards.

Velas will expand upon the Solana codebase in order to obtain and leverage one of the fastest blockchain frameworks in the entire crypto industry, far exceeding previous framework speeds and those of competitors, while furthering the visions and aspirations of the Velas journey further.

Ethereum Virtual Machine will be supported on Velas as a development by the Velas team on…

The blockchain industry is actively developing and gaining pace. Over the past 3–5 years, many unique project architectures and systems have been developed on the blockchain, with more arriving by the week. They are all globally created for similar purposes, but implementation can vary significantly between them.

Today, many different communities are developing different blockchain systems. Take, for example, these industry leaders:

• Solana
• Cosmos
• Polkadot
• Ethereum 2.0
• EOS

All of these different technologies are sufficiently different from each other, but still have many common components:

1. P2P communication layer
2. DPOS Consensus
3. Block / transaction processing and validation unit
4. Smart Contracts

Nevertheless…

Motivation

An account creation is not the only action users are often faced with, but also saving the generated seed-phrase, and reentering this for security validation. It is in the user’s interest from a technical standpoint, as wallet data can be restored only with a unique and secure seed-phrase and its loss means losing the assets forever. Your seed-phrase are your crypto — lose it, lost your crypto.

Users are, therefore, fully responsible for ensuring the security of their digital assets in addition to owning and operating assets individually. …

Motivation

Internet evolution brought user data mostly into the hands of several huge internet corporations, and the concept of Tim O’Reilly’s Web 2.0 was gaining a foothold, declaring that systems designed with account network interactions become better the more people using them. Proof of this concept in action are the major Social Networks, uniting billions of users and storing hundreds of petabytes of data.

Few people think that if the service is free (whether it’s a search engine, video platform, mail, etc.), the main product is the user themselves, and privacy is no longer owned by him. Services collect information about…