Blockchains are very powerful technology capable of going much further than a simple financial transaction, performing complex operations and understanding much more than just how many cryptocurrencies one has in his/her wallet. Several boundaries and opportunity have continued to be opened with deeper application development with the aid of blockchains systems.
Historically the first blockchain known as blockchain 1.0 was conceptualized by a person/group of persons called Satoshi Nakamoto in 2008 as a core component of the cryptocurrency bitcoin where it serves as a public ledger for all transactions on the blockchain network. After some years the bitcoin blockchain file size containing records of all transactions on the network reached 100GB. With the rapid growth of the bitcoin network, another blockchain known as the second generation programmable blockchain (blockchain 2.0) with a programmable language that allows users to write more sophisticated smart contracts. The blockchain 2.0 technology went beyond transactions to enable exchange of value without powerful intermediaries acting as arbiter of money. Blockchain 2.0 was basically the extension of blockchain 1.0 into privacy, smart contracts and emergence of non-native asset blockchain tokens and capabilities
Blockchain technologies over the years further birthed a third version called Blockchain 3.0 with the likes of EOS, Zilliqa, Cardano and ArcBlock. The logic from previous blockchains was further extended to version 3.0, it didn’t just offer better capabilities but did it in a way that they enabled new markets and opportunities
CURRENT CHALLENGES
Regardles of the various features offered by the previous blockchains and it applications, several problems still exist such as issues such as the inability of this chains to scale for large-scale performance, the inability to support diverse business scenarios and the inability to exchange information and share assets across different blockchain networks of this problems are gradually exposed to its users.
SEELE BLOCKCHAIN 4.0
In response to the existing problems currently encounterd by this blockchains. Seele’s Blockchain is aimed at solving these problems with its core values and unique feautures across the underlying communication protocols, network infrastructure, cross-chain agreements, consensus algorithms and the upper application ecosystem, and strives to promote blockchain development with value added internet. There are four key proposed features integrated in the Seele blockchain that makes it stand out from the previously exited blockchain networks.
• A novel neural consensus algorithm is proposed to improve the fault tolerance without any loss of performance compared to previous algorithm.
• A Heterogeneous Forest (HF) Network architecture with good scalability potential for a wide variety of application scenarios, as well as perfect mechanisms resource and security isolation for any generic or customizable demand
• Value Transport Protocol (VTP) and Value HTTP (VHTTP Protocol) will be integrated to realize the naming, discovery and addressing service of Value Internet assets and entities, and seamlessly integrate with the Internet resources to build underlying protocols and infrastructure services for blockchain ecosystem.
• An adaptive TCP/UDP based latency quick value internet connection protocol to meet blockchain network requirements than than the traditional TCP and UDP protocols employed in previous blockchains.
NEURAL CONSENSUS ALGORITHM
Current blockchain that currently operate are all limited in their neural concensus Algorithm. Difficulty often arise when it comes to getting a blockchain that is compatible all together with Scalability, Security and Efficiency. Different algorithms such as PoW, PoS, DPoS, Pbft e.t.c all faced one problem or the other. One could meet the requirement of scalability but deficient in another and vice versa. All this has posed different problems such network overhead problem, confirmation delays of some transactions and convergence delay to the previous blockchains.
As a solution to solve this issues in the blockchain world Seele platform offers a Neural Consensus Algorithm which will synthesize the advantages and disadvantages of current mainstream consensus algorithms, and offer a new ε-differential agreement (EDA) based on "micro-real numbers", transforming the consensus problem into an asynchronous request processing and sorting of data in large-scale environment just like a human brain capacity seamlessly handling the unlimited number of tasks from varying industries on the Seele platform.
HETEROGENEOUS FOREST NETWORK
The various blockchain evolution were all focused on bringing solution to existing problems such as compatibility, transaction speed, new markets and opportunities that currently plagued the existing technology but none was found to be adaptable to all possible applications and industries. Example is Ethereum through which the creation of Decentralized Applications was developed, but these DApps have been seen to severally cause congestion on the Ethereum blockchain with their limited functionality. The heterogenous Forest Network to be offered by Seele is capable of solving these problems with it Value internet. A heterogeneous forest network architecture that bridges the real world and the digital world so as to enable the definition, storage, transfer and transformation of resources and assets on the Value Internet to promote integration of Value Internet services with traditional Internet business.
Seele token is the native token of Seele to be used for all transactions on its blockchain 4.0. Seele tokens are currently available on two exchanges. Be part of the seele revolution now. Buy Seele tokens and accumulate here:
https://www.coinbene.com/#/market?pairId=SEELEETH
https://www.hadax.com/seele_eth/exchange/
For more informations about the Seele project and its visions, you can visit the links below;
Website: https://seele.pro
Whitepaper: https://s3.ap-northeast-2.amazonaws.com/wp.s3.seele.pro/Seele_tech_whitepaper_EN_v2.0.pdf
Telegram: https://t.me/seeletech
Twitter: https://twitter.com/SeeleTech
Facebook: https://facebook.com/seeletech
Author telegram: https://t.me/sallyoung