Friends, at last there was an opportunity to tell you about a very interesting project, which is very different from competitors. Although to be honest, the word rivals here is not particularly appropriate, since this project has made a technological breakthrough, has gone far ahead and is ready to single-handedly take the lead in the blockchain.
But let's take a short pause and consider the crypto-currency market as a whole. Also, consider platforms that can and should promote the entire technological part. What is needed for this and how it all works. Sit down comfortably - let's begin.
As you know, there is a boom in the crypto-currency market. Since December 2017, a lot of people have learned what bitcoin is after overcoming a mark of $ 10,000. This month is characterized by a lot of news, reports, positive forecasts about bitcoin and other crypto-currencies. Also at this time, almost all ICO collected hardcap for the successful launch of platforms and it was not important what kind of project it was, who supervises it, whether it will benefit, the main thing was to have time to invest and sell. People did not care, and there was no time to learn about the project, no one considered investments as a long-term investment.
With the onset of 2018, the picture began to change parts. Companies could not even collect a softcap, as the noise began to fade, went bad news, forecasts. Money from the market began to go away. And at the same time, the number of new ICOs began to grow catastrophically and if we analyze the quality of these ICOs, we can make an unambiguous conclusion that most of the projects are trying to only get their piece of cheese. Some of the projects could exist without decentralization, the other part cannot properly implement their ideas, units of companies are really capable to benefit and reveal the huge potential of blockchain technology. This is the main problem of the crypto-currency market and decentralization - no one wants to believe in blockchain technology, everyone wants to join only for a short-term win. And only units are currently able to move the entire market forward, I will talk about one of these campaigns in this article.
Why am I telling this all? I believe that blockchain technology can and must change the world for the better, allow new ideas to come into being, reduce many inefficient costs of companies and, on the whole, have a good impact on the world economy. But for this, it is necessary that certain parts of the mechanism are connected, which alone do not have a chance to do this, and together they can create a big leap. Let's look at these parts necessary for the successful operation of the decentralization mechanism:
- the idea - is the market as a living creature, he constantly needs a new breath of air, so really useful and innovative projects should appear, companies that can develop the market, and not eat them as leeches. It is necessary to disseminate information about decentralization and crypto-currencies across the planet, attracting new people and companies. Also, convenient tools are needed to help realize this idea;
- the team - in fact, the team is fine. A huge number of scientists and engineers have already begun to unite and realize new opportunities, thanks to the technology of blockchain. The Internet and decentralization make it possible to work at home, at the same time to unite in companies, collectives, which favorably affects the development of the market;
- implementation - a big problem is the lack of desire and ability of companies to fully realize their potential. People who have received part of the profits lose their grip and begin to go with the flow. Such companies need to be adjusted and motivated to develop further, increasing competition;
- ICO - one of the possibilities of launching a new idea. There definitely needs to be regulation, but not to the detriment of the system as a whole. It would be good for countries to take a common position and develop certain standards. This would also help to ease tensions in world politics and unload the existing financial system that shakes from year to year;
- large players - are big companies and even states are keeping pace with the times and are not missing out on the opportunity to learn more about crypto-currencies. But judging by the percentage, it's a drop in the ocean. It is necessary that most of the major players declare their presence on the market;
- blockhain - it would be worth writing at the very beginning since without it there would not be anything else, but it is not perfect either. For the fast development of technology it is necessary to modernize and this technology. To date, platforms are being developed that use blockchain 4.0.
Development of the blockchain
As you know, crypto-currencies started their history with the appearance of bitcoin, which eventually allowed a huge number of other crypto-currencies to appear. Using hashing technology (creating future blocks by mathematical calculations) bitcoin launched blockchain 1.0, which also made possible reliable transactions that could not be faked or changed. One of the features of the first blockchain 1.0 was the emergence of mining, thanks to which the system began to exist.
After some time, blockchain 2.0 appeared, it became possible due to self-executing contracts (smart contracts), in which work was performed on a strictly defined algorithm with the clear fulfillment of all conditions. The main representative of this blockchain is Etherium. Smart contracts have allowed the creation of many other crypto-currencies and multiply the introduction of this technology in those industries that previously could not even think about merging with decentralization.
The advent of blockchain 3.0 was a matter of time, as existing systems encountered a number of problems and could no longer provide sufficient growth for the technology as a whole. Of the main problems can be identified small scalability, long and expensive transactions, an imperfect system as a whole. Blockchain 3.0 has the following advantages:
- more performance than previous systems. Transactions are almost instantaneous, and they no longer need to be unite into blocks;
- Improved management and improved system consensus;
- there was an opportunity to introduce blockchain into large companies;
- multiple transaction confirmations achieved through direct and indirect confirmation.
The main systems using blockchain 3.0 are EOS, Cosmos, AION, Nebulas, and others. These platforms successfully help to develop the mechanism for introducing decentralization, providing convenient tools and mechanisms, but blockchain 3.0 also has its shortcomings.
Now the company Seele ahead of the technology began to develop blockchain 4.0, which is ready to lift the bar to such technological heights that many never dreamed of. Among the advantages of this blockchain is the following:
1. Neural Consensus. The implementation of the neural consensus algorithm, which processes and sorts the data, transforming the problem into an asynchronous query. Thanks to the neural consensus, it was possible to increase the speed and performance many times, providing a reduction in power consumption and increased security. With the increase in productivity, it becomes possible to introduce this blockchain into the system of the largest business and strategically important state enterprises. The system of neural consensus itself can be compared with the interconnected neurons in our head. When information is received from outside, whether it is the sense of smell or touch, neural try to determine which signal has arrived and instantly find the answer. This process is called the consensus of billions of neurons. So when you use a query in a blockchain, you use multiple nodes that participate together and simultaneously. The more nodes involved, the faster the consensus is reached. Thanks to the Neural Consensus, increased security is achieved since the costs of an attacker hacking will exceed all achievements. This is achieved due to the fact that the attacker will have to process more than 1/2 of all nodes, which in principle is impossible.
2. Network tree. The existing network consists of different subnets. Each of the subnets can be considered as a stratified network tree and can handle different service scenarios independently from each other, interacting with each other through an Internet protocol. There are an interchangeability and addition of each other.
3. Increased productivity. With the full launch of the platform, it will be possible to reach a million TPS, which in general seems fantastic. TPS is one of the criteria for scaling in block circuits. Currently, thousands of TPS are not all capable of showing. If such opportunities are really achieved, Seele will become the leading platform that is ready to provide all the necessary tools and opportunities for introducing decentralization in any enterprise.
Seele - the future of blockchain
I would like to talk about the approach of the team to the realization of the ideas conceived and why Seele that is ready to become the first successful platform of blockchain 4.0. In order to make sure this is enough to conduct a small analysis and look at the work of the team as a whole. In any part of the development, you can see a professional approach and desire to make the system perfect and convenient.
The company's headquarters are in San Francisco, and there are also offices for the development and promotion of the company in China, the UK, and Singapore. The creator and executive director is Maolin Zheng, the operational directorNick Smithand scientistsWei Bi.
ICO from Seele ended on April 3, 2018, which collected more than $ 12,000,000, which is an excellent and expected result. To date, tokens cost $ 0.25 and this is x 8 of the ICO price, the tokens are traded on several exchanges, including HOTBIT and IDEX. Negotiations are underway to add a token to other exchanges, but this is not the main priority of the team, which directed all its efforts to develop a platform and a clear movement on the roadmap. At this stage of development, testnet is running, and by the end of 2018 mainnet will be launched, the kernel is tested and the overall system performance is tested.
Among the additional functions of this platform are the following:
- Seele can configure virtual machines for compatibility with Ethereum and EOS;
- Seele is developed on the basis of open source. You can see the progress of developments on the sitegithub;
- сurrently the Seele token is compatible with ERC20. After starting the main network, all tokens will be mapped to their own blockchain and additional information is explained;
- Seele can store information both in the blockchain and outside it using traditional databases;
- the project team has experience in Microsoft, Tencent, Baidu and other large corporations;
- Seele will not have a single main node.
Conclusion
As I wrote above for the stable development of the blockchain, need to develop it, which is what the Seele project team is doing. Blockchain 4.0 has undeniable advantages over previous systems, it is more reliable, scalable, competitive and attractive for companies. I very much hope that the declared characteristics worked out in testnet will be available by the end of the year in mainnet. This will be a really big step in the crypto-currency world, which will allow any enterprise to use its resources more efficiently, thanks to increased reliability and new economically advantageous conditions.
Friends - in conclusion, I would like to wish you to keep up with the rapidly changing world of the crypto, to be aware of the latest news from the blockchain and to strengthen the positions of the crypto-currency, developing the crypto-currency communities the existing projects.
Official site - https://seele.pro/#/index
Bitcointalk ANN - https://bitcointalk.org/index.php?topic=2820292.0
White Paper (eng) - https://s3.ap-northeast-2.amazonaws.com/wp.s3.seele.pro/Seele_tech_whitepaper_EN_v1.8.pdf
Telegram - https://t.me/seeletech
Author:
Bitcointalk - lesnik_utsa
Telegram - bullsandbears
This publication is informational in nature. The article should not be seen as an investment recommendation or advice. Readers of this review article must make decisions based on their own judgments, taking into account financial circumstances, investment objectives and the risk limit before investing funds.