In recent years, the phrase “blockchain 3.0” or “blockchain 4.0” often sounds. What is it — a marketing move or a really new generation of blockchaines? Let’s try to understand.
BTC
So, where does our story begin? — True, with blockchain 1.0 or bitcoin. He gave us a distributed data register, surprisingly reliable, but limited in functionality and speed.
ETH
Ethereum — created by Vitaly Buterin and his computer computer. He introduced the concept of prudent contracts into our lives. It is this function that allows us to call our favorite “ethereum” a second generation blockchain. Well, the speed here is slightly higher than that of the bitcoin.
Daniel Larimer and his most ingenious brainchild. For example, Arcblock, Tezos or Dfinity, but the main thing is that they differ from the previous generation of blockchain. And here the list is more impressive:
• high performance
• Cross-platform
• Improved consensus algorithms
• orientation to the current business
• scalability, etc.
Blockchain 3.0 makes the best from previous generations and complements them and improves. The transaction speed already reaches several thousand or tens of thousands per second.
SEELE PROJECT
Seele.pro. The goal of the creators was to create 4th generation of blockchain (analog of the original bitcoin and ethereum), with the same functions, but more efficient. The problem of the previous three versions for using them in the modern world is that with the increase in the number of nodes, the consensus automatically slows down. This contradicts the scalability of the blockchain. What do the project creators offer us? They use the innovative neural mechanism of consensus. This made it possible to create exceptional scalability.
How it will work.
In order to achieve parallelism in the nodes, a neural consensus technology was created that can handle a much larger number of nodes and increase the convergence rate in comparison with the three previous versions of bitcoin.
This allows any system to provide its own architecture. Under the architecture means its own technology, applications and resources for all users in any part of the world. Seele is an information fast platform for sharing.
FEATURES OF SEELE BLOCKCHAIN
Value Transport Protocol (VTP)
Seele proposes the Value Transport Protocol (VTP) based on the network architecture of heterogeneous forests.
Based on the VTP protocol, Seele defines the Uniform Asset Identifier (UAI). The hierarchical nomenclature of resources is useful for people’s cognition and memory and presents uniqueness, availability, scalability and other characteristics.
Neural Consensus Algorithm
Seele units the merits and demerits of the present main consensus algorithms and offers a new ε-differential agreement (EDA) based on “real micro numbers”, which transforms the problem of consensus into an asynchronous request for processing and classification of data in the environment on a large scale, and has a very strong robustness for global network connectivity, for networks not completely connected, and even each network connection is less than 50% of the proportion of the system can operate normally. A distinct feature of the consensus algorithm is the linear scalability, that is, increase in performance as the node size increases linearly. As the node size gets bigger, the convergence becomes faster and the performance improves better. In the 100K node framework situation, Transactions per seconds (TPS) reached 100K, the transaction validation delay decreased to considerable seconds.
Computing Integration
The integration of inventory-based computational resources explains a new form of technology that combines off-chain storage and computational resources on the smart contract and the blockchain. Internet storage is used to solve the problem of blockchain storage through:
a. SC to rectify the problem of data islands, blockchain-based data desensitization technology in order to certify data privacy and protection for the data.
b. Perfect combination of blockchain and IPFS
Quick Value Internet Connection
Reference to the traditional Internet TCP and UDP protocols used by present Blockchain networks, Seele produced the Quick Value Internet Connection(QVIC) protocol that better adapts and satisfies the different needs of blockchain value networks in transport and application levels. In a situation of handle multiple connections, security, low latency has great advantages, especially for the size of the specific block (1M, 2M) in the transmission of special optimization, transmission efficiency is increased by almost 1 order of size.
Heterogenous Forest Networks
In single-chain structure, such as found in Bitcoin and Ethereum, all transactions occur in one chain. The simplicity in transaction and consensus processes in single-chain structures are it advantages during early adoption of the blockchain technology. As demand for the technology and market increases, single-chain structures could not meet up, therefore an urgent need for a multi-chain structures. Multi-chain structures focus on multiple parallel chains, main/side chains and so on, which temporarily meet the demands of the business, yet not 100% suitable as it lacks customization and flexibility.
SEELE TOKEN
currency;
nodes encouragement, because the more nodes involve in, the higher the system efficiency and shorter the confirmation time;
transaction fees.
At the end of the whitepaper they specify some acute problems of all blockchains: loss of private keys, disagreement between Core team and miners, mistakenly frozen tokens, forks etc.
The team is planning to give more privileges to token owners and less — to miners. The network will be randomly selecting top nodes and give them the governing functions within a certain time frame.
ROADMAP:
2018
Q2- data transfer and functionality testing in test network.
Q3- deployment and checkout of the mechanisms I described in the whitepaper topic.
Q4- rollout to public network.
In 2019 they plan to deploy Seele v1 and v2, as well as to integrate various spheres of life into their blockchain.
Despite the bear market in recent months, Seele (translated as “soul” from German) came out very worthily to the Huobi exchange and are now holding at x6 in USD! This is more than worthy result!!!
In conclusion, Seele has not only birthed a world class platform but have seen to all the problems currently plaguing Blockchain technology. With these innovation and workable principles guiding each platform we are sure that it will spark a predilection in the world which will trigger the massive adoption of blockchain technology. Indeed, this is what the world is waiting to see. Seele Blockchain 4.0
For more information on Seele please visit the following:
Website: https://seele.pro/
Whitepaper: https://s3.apnortheast2.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
Reddit :https://www.reddit.com/r/SeeleNetwork/
Github: https://github.com/seeleteam
Instagram: https://www.instagram.com/seeletech/