The earliest times that preceeded the advent of technology were strikingly characterised by little or no form of effective communicative means, which of course made dispersing of information slow. The birth of technology brought light to the information, communication, commercial sector and till date there have been ground breaking inventions that has set the world running on a finer platform and one of such is the blockchain technology.
Blockchain innovation is becoming rapidly pervasive and it's influence is growing not only in the financial sector but also in virtually all areas of human life. Blockchain helps in carrying out transactions in a more secured and faster manner with the use of ledger technology and smart contracts. Although, blockchain continues to break new grounds many issues are still associated with this magnificent technology which has hindered its massive adoption.
The following challenges have constantly plagued Blockchain technology:
- Interoperability
Record on coin market cap has shown that there are about 1,360 Cryptocurrencies and a number of them were launched between the year 2017 and 2018. With this increase lies the need for each of these chains of block to communicate with each other. The ecosystem is currently at its peak due to the invention of these Cryptocurrencies, although a number of these cryptocurrencies were launched with the sole aim of solving interoperability issues there has been little or no landmark made by them. The conventional interoperability of blockchain technology is limited to single chain and hence there is the limitation in intra-chain business transactions in that one chain interferes with the other thereby causing a glitch and there is the inability for cross chain interaction between different chains thereby impeding swift transactions in business
Seele's Solution (Heterogeneous Forest Network)
Seele introduced the forest Blockchain structure that superceeds the multiple and single Blockchain structure. The forest Blockchain structure not only enable smooth transmission of services for everyone but gives value for internet service to promote an integration with conventional internet busineses. This feature helps in connecting the real world and the digital world. Forest Blockchain helps in securing, defining, storing, transfering and transaforming information, resources and asset.
- Scalability
This is a major bottleneck that has been a plague to the massive adoption of blockchain technology. With the rise of a platform is the need to make transactions faster but up until this moment that is yet to be solved. The blockchain network performs about 7 transactions per second and with over 800 thousand and 500 thousand carried out on the ethereum and bitcoin network daily these transactions are bound to slow. Hence there is the need for swifter transactions in order to fulfil the mission of blockchain technology (which is swift transactions at low cost).
Seele's Solution (Neural Algorithm Consensus)
The ease of transactions is based on the concept in which the consensus process use a parameter for confirmation of various blocks and as soon as it is confirmed there must be a convergence that agrees with the corresponding requirements. This allows multiple blocks to be sorted in short time.
Conclusion
The major challenges that are of great concern in the blockchain industry are indeed the reason impeding the growth of blockchain technology. It is said by some that the reason behind the birth of blockchain technology is yet to be achieved since the concerns of scalability and interoperability issues were raised. Seele has built platforms to solve these problems and as such it is worthy to be called Blockchain 4.0 because it is fulfilling the blockchain technology mission and this will cause a massive rise in the adoption of blockchain technology.
We have the opportunity to buy this cheap because the launch of these platform is a springboard to an excellent future in blockchain technology.
Seele's Roadmap
For more information on Seele’s Blockchain 4.0, visit the following useful links:
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
Seele,a revolution of blockchain
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Seele is indeed the revolutionalized Blockchain. We can't wait to see the testnet
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Definitely Seele is the future working system that means to take care of the issue of single-chain reliance in blockchain.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Yes it is. Single chain structure being replaced with multiple chain structure. The usecase is exactly what we have hoped to see for a long time and it is happening now
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Well written, seele is the solution to all blockchain issues
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Yes it is. The solution is right about doorstep. I'm glad we all are able to recognize and embrace it
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Seele is all about innovation
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Indeed it is.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
great project
looking into it
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I promise you won't regret looking into it. It's one of the best investment opportunities we have in 2018.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Seele, bringing scalability and safety in blockchain technology. Its amazing! So much future for this project.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
The futuristic plans is what keeps me pumped on this project.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Good to see Seele addresses issues with 3rd generation blockchains and moves a step further to create a niche of its own with an HFN structure. I particularly find this an interesting development and do look forward to the main-network launch
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Recently, I've looked at a lot of project and I daresay this is one of the best. This is one that has a platform to resolve every issue plaguing blockchain technology. We are in for a good one.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Nice write up. Great project with a great team
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thank you so much. This is the best of the best
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Seele's scalability, security and sustainability features are outstanding, nice write up
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thanks I do appreciate. I'm glad you took time to read through. This is really one of the best projects we are seeing
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit