With the rise of the Blockchain technology in recent years, its application and the limitless boundaries that it opens to us are still being explored. With its consistent use over these years, it's faults are gradually being exposed. Issues such as the inability to scale for large scale performance, the inability to support diverse business scenarios and the inability to exchange information and share assets across different blockchains. Seele proffers solution to these problems by going back to the core values of Blockchain and try to solve these problems through consensus algorithm, ecological topologies, value Internet protocol, collaborative convergence etc, to promote a wider application of Blockchain and value Internet.
Seele proposes the following:
A neural consensus algorithm to improve fault tolerance to 40% without any loss of performance.
Heterogeneous Forest(HF) Network architecture with good scalability potential for a wide variety of application scenarios.
Value Transport Protocol (VTP) and Value HTTP to realize the naming, discovery and addressing service of value Internet assets and entities.
TCP/UDP based low latency quick value Internet connection QVIC) protocol that can better adapt to and meet the requirements of blockchain network than traditional Internet TCP and UDP protocols used in current blockchain networks.
Seele aims to integrate the essence of the layered model of Internet fundamental protocol and provide a solid agreement. It also aims to provide a powerful foundation platform and high speed pipe for the free and safe circulation of resources and positioning, discovery, and transfer of value and transformation within and across the global chain. It is the goal of Seele to use the token economy to encourage community contributions to share and create an ecosystem rather than a monopolized centralized software platform. These among others is the goal of Seele.
Seele is proposing a grand solution to a big problem and the question is how does Seele plan to do this?
In response to these problems, according to the experience of Unity engine in game industry, our group develop a complete contract development tool, SeeleEditor, which will be with the following features:
A complete application development tool chain. It will support the development, testing, and deployment of contracts in one environment.
Cross-platform SDK support and prompt updates of technical documents to improve development efficiency and diversity of applications on different platforms.
Build a plug-in store, like Unity, to provide contract development components and sample programs to improve development efficiency. Therefore, developers could not only develop specific applications but also develop support components for revenues.
ECOLOGY
To get an improvement, a public blockchain needs to bring developers to invest in the platform’s ecological construction and application development by excellent underlying technologies and a good environment for developers, and also to improve the development of the community. So some of the industrial application ecology are; Social platform, Games on blockchains, Internet of Things, Other enterprise applications.
The Seele Token
The Seele consensus algorithm has a system that involves the nodes. The higher the consensus efficiency the shorter the transaction confirmation time. Due to this, Seele is introducing a token mechanism that will be used mainly in two aspects:
Reward participated nodes with tokens, which is also a way of final currency issuance.
Charging transaction fees.
There is also a system of rewards to block nodes as a way of issuing currency. Also, the transaction fees can also be used as a way of incentivizing participants. There are three ways this can happen:
Change mechanism adopted by bitcoin. The change of each transaction is used to reward miners
Ethereum's gas mechanism. Calculate the consumption of gas value and then make a price for gas value in strict accordance with the calculation and storage behind the transaction. The gas value multiplied by the price equals the final transaction fees.
EOS exemption from transaction fees. The premise is that the user initiating the transaction shall hold certain tokens to enjoy resources in the system. The number of tokens determines the amount of resources.
In Seele, the governance power stems from the token holders who delegate power to the block builder. The block builders are given limited and supervised privileges to freeze accounts, update defective applications, and make a change to the underlying protocol.
USEFUL LINKS
• Website: https://seele.pro
• Whitepaper: https://s3.ap-northeast-2.amazonaws.com/wp.s3.seele.pro/Seele_tech_whitepaper_EN_v1.8.pdf
• Telegram: https://t.me/seeletech
• https://www.facebook.com/seeletech
• Bitcointalk ANN: https://bitcointalk.org/index.php?topic=2820292
Author’s Bitcointalk Profile URL: https://bitcointalk.org/index.php?action=profile;u=2111187;sa=showPosts