A quick view of Seele


Seele, is a blockchain 4.0 platform

The project aims to solve the scalability, security and efficiency problems, that are found, in current blockchain networks. A heterogeneous, multi-chain ecosystem, powered by a novel Neural Consensus algorithm, is the project's answer to the current blockchain, problems. The Neural Consensus algorithm, will improve fault tolerance from 33% to 40%. The value transfer protocol, will aid in the naming, discovery, and addressing Value Internet assets.

Main goals

Provide a powerful foundation platform for the free circulation of resources within and across blockchains. Promote the development of protocols, networks and communities in the internet of value era. Create a collaborative win-win development community, around Seele. Provide the developer community, with integrated, flexible technologies, that allows it's members to provide value.

Neural Consensus Algorithm

This algorithm, is based on e-differential agreements (EDA's) with a goal of solving the scalability, security and efficiency problems, The Neural Consensus uses EDA to converge a network, upon a singular correct value. This could be a transaction order, a block order, or any other metric, that the network, should agree on. The time needed for the networks, to reach consensus, decreases linearly with the numbers of nodes. In an 100,000 node network, there can be 100,000 transactions per second, and the confirmation time, is just a few seconds.

Heterogeneous Forest Network

Human society, is not a single tribe model any more. Evolution, has brought multi-tribe models, cultural groups, and institutional countries. The same with the internet, we went from a stand alone era, to multi-machine LAN, to heterogeneous LAN connectivity, and finally internet to all kinds of devices, and internet of things. Traditional blockchain networks, like Bitcoin and Ethereum, are all single chain structures, that have many weak points. The internet of Value, built by those blockchains, needs to have the functionality, to transfer value, across those chains. Heterogeneous forest network, tries to solve all the across-chain needs.

Good Ecology/Governance/Incentive

For a public blockchain, to succeed, it must be able to attract developers, to invest in the platform's network, community, and application development. To achieve this, the project's team, will develop, a complete smart-contract development tool, SeeleEditor. The good feature, is that transaction time decreases, as the number of nodes increases. A token, is created to reward participating nodes, and pay the transaction fees. Tokens are rewarded to participating nodes, and the number of rewarded tokens, will decrease over time. With the use of the project's consensus, good network connectivity, is rewarded, and not the high computing power. For transaction fees, a similar to Ethereum, gas model, will be used. The fastest responding nodes, will undertake governance functions, for a particular time-frame.

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tsakf
tsakf

Cryptocurrency advocate and blogger since early days.


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