Whitepapers Veles White Paper Explained Summary

Veles White Paper Explained Summary

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Veles White Paper

Summary:

-the Veles White paper is an informational document that provides in-depth information about the Veles project and its proposed solution.

-the main aim of the Veles project is to help the internet community to improve freedom of access to information, to prevent internet censorship, and to improve anonymity of the communications on the internet.

-the Veles team believes that blockchain technology can help to build more fairly Distributed, reliable and robust networks.

-the Veles project aims to merge the advantages of blockchain technology with the existing foundations for anonymization of the communications over networks.

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There is a lot to learn about this futuristic tech, lets get started to dive into the Veles white paper and start to leverage it to build a more secure and trusted ecosystem for Industry 4.0 applications.

We will deep dive into how the coin works by understanding the whitepaper and its summary. Veles (VLS).

Lets understand Veles (VLS) after going through the Veles white paper.

Without wasting any further time lets get started to dive right in and lets understand white paper first.

What is white paper?

A white paper is an informational, influential, well-structured document, usually published by an organization, to provide in-depth information about a specific solution.

A white paper is used to provide a good insight into the challenges for a specific problem and a proposed solution for the same.

Veles White Paper

Veles (VLS) white paper will be going to provide you, all the information that is needed to get started with Veles (VLS), including the inspiration for creating, the problem it is trying to solve and the solution proposed by Veles (VLS).

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Abstract

Veles is open-source software project that aims to help the Internet community to improve freedom of access to information, to prevent Internet censorship, and to improve anonymity of the communications on the Internet. We believe that blockchain technology, introduced by Satoshi Nakamoto and further advanced by many other developers, such as the Dash team which introduced masternode system, can help us to build more fairly distributed, reliable and robust networks.

Existing open-source technologies for providing anonymous connection based on onionnetworking are build upon concept of simple volunteer networks. One of the main ideas behind blockchain is using game theory models to build self-supporting networks, where participants are economically incentivized to support it.

We belive that merging the advantages of this new technological and economical concepts with years battle-proofed foundations for anonymization of the communications over networks already laid by thousands of cypherpunks and hackers could be the right way to achieve the vision of Veles project and to move the technology that helps the Internet community another little step forward.

White Paper Link: Veles White Paper

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