Today the cryptocurrency market is literally full of new blockchain projects that seek to outdo each other on the field of tough fighting for the consumer and competition, but of course not everyone can become a winner of this battle, but some of them are really good and works very well. And about one of really stellar projects I want to tell you in this post, the project names the SeeleTech. I'm sure that you already have seen them many times or heared about them from other crypto enthusiasts, developers or investors, especially in recent days, when the SEELE token became tradeable on idex and hadax exchanges with ROI around 600% since its ICO event.
The SeeleTech team calls itself the Blockchain 4.0 and promise to fully disrupt blockchain market in the future, so let's find out what is it and what exactly they offer us.
SeeleTech is a multifunctional blockchain of new generation with absolutely unique technologies on board. Analogues of the functional at the moment does not exist. The SeeleTech project is based on the scalable Neural Consensus protocol for high-throughput parallelism between large-scale heterogeneous nodes and is capable of forming a unique heterogeneous multi-blockchain ecosystem. Promised amount of TPS is over than 1 million.
Technologies on board:
Neural consensus algorithm: this is an alternative to existing algorithms (PoS, PoW, DPoS, Hashgraph and Algorand). In WP the essence of the algorithm is described and its advantages over all the others: it absorbed the best that others have. As far as I understand, their algorithm is based on the basis of asynchronous calculations, up to 50% of which can take place outside the blockchain. This is their own development. The algorithm has linear scalability with the size of the node: the larger the node, the faster it works. The bandwidth of the node is important, not its hash rate.
Heterogeneous Forest Network: it is compared with the existing single-chain and multi-chain blockchain structures. In their blockchain, a complex multi-level structure is used, the parts of which are interrelated with each other, but each functions independently. It is assumed that such a structure can meet modern realities and fully support multilevel business processes. The essence of this technology is understandable: one chain - many equivalent chains - many different-level chains.
Value Transport Protocol: a protocol for data transfer with functionality similar to the existing Internet (network connection, transmission and viewing of information).
In this technology, it is possible to use: multilevel "talking" addresses, rather than random character sets in hashes; cache; access to the network via http protocol - data transfer protocol and values (it is also possible to access via the classic http protocol without the need to connect to the blockchain directly).Quick Value Internet Connection: a solution to eliminate a large ping while working with the network (all the same, all interaction will be carried out on the blockchain and the information should be written in blocks).
Computing Integration: it is a technology for off-chain storage. In the case of transferring business processes and data from large companies to blockchain, the blockchain would grow to an unacceptable size. This technology is the solution to this problem.
In addition to these innovations the team dutifully worked on the algorithms of hashing and encryption, protection and privacy of user data, and significantly improved and simplified the processes of developing, testing and deploying smart contracts, decentralized applications and programs on their blockchain. More information you can find it tech papers.
As for me, i think that the project is very ambitious and promising at same time, and it will be very difficult to achieve all goals set by the project team, but it is absolutely possible and may be achieved. Relying to the road map the main net will be launched already in Q4 2018 and it means that we will be able to see how it works very and very soon. So i advise everyone to learn more about the SeeleTech Project because it may be the start of fundamental changing on the market as a whole and we can not afford to miss this.
Mandatory and useful links:
Project website: https://seele.pro/
Whitepaper: https://s3.ap-northeast-2.amazonaws.com/wp.s3.seele.pro/Seele_tech_whitepaper_EN_v2.0.pdf
Bitcointalk ANN Thread: https://bitcointalk.org/index.php?topic=2820292.20
Telegram:
Seele Announcement: https://t.me/SeeleAnn
Official (ENG): https://t.me/seeletech
Asian: https://t.me/SeeleCN
GitHub: https://github.com/seeleteam
Twitter: https://twitter.com/SeeleTech
Facebook: https://www.facebook.com/seeletech
Medium: https://medium.com/seeletech