The blockchain technology has experienced a lot of advancement and changes since its introduction and the advent of the first cryptocurrency which is Bitcoin. A good number of blockchain networks have emerged thereby bringing new ideas and innovations that have helped in removing the flaws that existed in the blockchain technology.
A lot of people are beginning to lose faith in the system because of the issues, but with the trend of things the problems plaguing the system will soon be removed while cryptocurrencies that are based on the technology will be adopted for everyday exchanges.
Seele is run by an up - scalable neural consensus protocol that will enable thoroughput for a concurrency of heterogeneous nodes to offer better internet information and data exchanching without difficulty.
Challenges Facing Current Blockchain Setups
Currently blockchain technology runs with a consensus algorithms that fails to take care of all the required key features that make the system different from the traditional technology. The key features are scalability, security and efficiency in delivering set objectives. These existing algorithms are compatible with at most two of the features thereby creating a paradox.
The existing algorithms like Algorand and PoW and DPoS are compatible with two features but defaulting when it comes to a third feature for completeness. PoS satisfies only one of the features failing in two. pBFT fails in efficiency while Hashgraph is infected with insufficient security. All these problems make the cryptocurrencies and the networks based on this technology to experience stifled growth.
The Seele Solution
Seele has a structure that enables it to blend the strength and weakness of the various current mainstream consensus algorithms and at the same time propose a new e-differential agreement (EDA) that operates on a micro real number system. This helps in converting the numerous shortcomings into an asynchronous request processing and separation of data in their order in a large scale environment.
Seele will as well solve the imminent problems of DApp through an application development tool chain, cross platform SDK including prompt updates of all technical documents in order to improve efficiency. The system will also introduce new mining procedures that will remove the strain relationship between miners and the moderators of the blockchain.
The design of the Seele blockchain has a number of features through which these aims and solutions will be quickly achieved. There is the computing integration, metadata directory, quick value internet connection heterogeneous forest network including the neural consensus algorithms amongst others.
Token information
The token mechanism that is introduced in Seele will be used in two aspects. The first usage will account for the final currency issuance and this will be the tokens used to reward the participating nodes of the platform. The other aspect is the charging of transaction fees from transacting parties in order to reward the consensus nodes.
Conclusion
Seele is designed with a vision to eliminate the problems of blockchain technology which is seen in the existing blockchain networks. Seele through innovations will also provide value internet for a renewed user experience.
For further information check out any of these links
Website
https://seele.pro
Telegram
https://t.me/seeletech
Whitepaper
https://s3.ap-northeast-2.amazonaws.com/wp.s3.seele.pro/Seele_tech_whitepaper_EN_v2.0.pdf
Medium
https://medium.com/seeletech