The Velas cryptocurrency is the native coin of the Velas blockchain. The DPoS network uses artificial intelligence to enable faster, more secure, and more interoperable transactions and smart contracts. It is a self-learning and self-optimizing platform with a consensus mechanism that selects block producers with artificial intuition in order to create a more equitable incentive mechanism for managing the network. The platform is built upon a layer of AI-optimized neural networks. The Velas cryptocurrency can supposedly process up to 30,000 transactions per second. The company has also released an exchange, a wallet, a browser extension, and a merchant ecosystem.

Matrix AI combines artificial intelligence techniques with blockchain. AI algorithms are used to optimize the platform continuously. This AI-powered self-evolving mechanism ensures that the blockchain will never need to be forked.
Matrix AI will allow users to build autonomous AI-enabled blockchain networks. Matrix claims that these networks will have cross-chain capabilities and several other innovative features.
Matrix AI's goal is to build a blockchain development platform that will make it easier to create smart contracts without limited programming knowledge. They also hope to improve overall blockchain performance, and make transactions faster, more secure, and flexible. One of Matrix AI's more ambitious goals is to build software tools that can convert natural language into programming language. Users will express their intentions in their own language and the software will translate this into a smart contract.
The MATRIX AI Network has partnered with the Chinese "One Belt One Road" project, to incorporate their technology with the massive infrastructure project
Matrix AI has a hybrid consensus mechanism that combines aspects of Proof-of-Stake (PoS) and Proof-of-Work (PoW). The network is powered by the MAN token.