The creation of bitcoin (blockchain 1.0)in 2009 gave rise to the era of the blockchain technology.
Then comes the blockchain 2.0 which is etheruem.
The etheruem blockckain aside the creation and distribution of tokens, is yet to provide a platform where value can be exchanged and adopted by users in their daily life.
The blockchain 3.0 is Eos , Cosmos and Dfinity.
The blockchain technology is one of the biggest development in the world today .
The growth is so sporadically, I believe Natoshi himself would be wowed over it.
The technology is changing the worlds view about almost Evey sector, from health. Finance, manufacturing , shipping , real estate sector etc.
The potential might seem never ending, however ,the growth of this technology has exposed some of its weaknesses such as: interoperability, scalability, security issues and high power consumption etc.
The interoperability challenge makes is impossible for the various blockchains to interact and exchange data among themselves.
For instance, the bitcoin ecosystem would never accept a transactions already started by the etheruem ecosystem let alone of completing it.
This is restricting businesses from achieving their goals and limiting the blockchain.
The present blockchain makes it extremely hard for other decentralized apps to be built on its already existing infrastructure.
The different blockchain ecosystem are all existing and operating in isolation of each other.
The scalability issue is making mess of some businesses that rely on the blockchain for their daily business transactions. This can be attributed to the growth of the blockchain technology which saw many from all walks of life, transacting on it. This clogs the functionality of the blockchain technology as regards scalability.
The 7-30 transaction per second that the present blockchain processes is not enough to cater for the global business demands.
These weaknesses are the major reason the blockchain technology is not widely accepted today.
The blockchain cannot effectively store and protect chains of data and files in their numbers. And there is no known solution on how a private key or pass phrase that is lost could be recovered.
I present to you Seele, which means soul in German. The blockchain 4.0
WHY SEELE?
Seele would develop a blockchain ecosystem that is capable of handing diverse tasks for the new generation businesses .
It is the mission of seele to integrate the essense of the layered model of internet fundamental protocol and provide a solid agreement guaranteed for interoperability of resources and the collaborative computing of heterogenous forest network.
Providing a powerful foundation platform and high speed pipe for the free and safe circulation of resources and positioning , discovery and transfer of value and transformation within and across the globe.
Seele would achieve all these and solve the challenges by using the Novel Neural Consensus algorithm to integrated in order to improve the fault tolerance from 33% to 40% without compromising performance.
The scalability and the interoperability challenges would be solved through the use of the heterogeneous forest network.
The heterogeneous forest network will make it possible for transactions on the blockchain to be confirmed faster and create a harmonised blockchain ecosystem where various blockchains can interact and exchange data and resources to meet the demand of diverse businesses world over,
ensure the isolation of security and optimization of resources in the network....which in turn, increases efficiency of the blockchain and its general acceptance.
Principles of seele
Open system architecture.
Efficiency first.
Dynamic expansion
Experience first.
Conclusion, with seele in the mix, the issue of transaction confirmation delay would be a thing of the past.
Developers would be enabled to build decentralized apps on the existing blockchain infrastructure effortlessly.
The unity among the different blockchain ecosystem will enhance the blockchain efficiency while pushing for widespread adoption.
Useful links
Website https://seele.pro/#/index
Whitepaper. https://s3.ap-northeast-2.amazonaws.com/wp.s3.seele.pro/Seele_tech_whitepaper_EN_v2.0.pdf
http://twitter.com/SeeleTech
Facebook https://www.facebook.com/seeletech
Authors bitcointalk profile. https://bitcointalk.org/index.php?action=profile;u=2050118
Twitter.
✅ I gave you an upvote on your post! Please give me a follow and I will give you a follow in return!
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Wonderful innovation! I have really learnt a whole lot from this article... And i believe the SEELE TEAM has a great plan in stock for the world of Cryptocurrency
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This project is nice and its peopled by proffesionals .
Amazing!
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with what you have written, I will try buy some of the coins
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