‘Seele the Savior’
The universe has been open towards the new novelties of which most of them like the internet which now has become a part of our everyday life. Now, we have a new invention and it is the arrival of blockchain technology and its applications. The rise of blockchain technology has steered to the primer of cryptocurrency which has the prospect to alter the financial sector and can become the conventional form of payment.
Presently, the world is still thoughtful and uncertain about it, but this might also take over our lives as the internet does it today. The cryptocurrencies like Bitcoin, Etheruem, Cosmos, etc. are the first of its type that was introduced, it was evident that many questions convoyed them and because of those problems, it was not easy to smear the current blockchain technology to the state it was.
These problems encompassed the futile nature of smearing it on a very large scale transaction, the incapability to the device it to support multiple circumstances, and the delinquency it had while trying to interchange information on the blockchain platform.
‘The birth of Seele’
To address these issues the “Seele” was given birth. Seele is a project technologically advanced with the objective of impending most of the issues present in the existing blockchain technology. Seele has the capability to address the snags of the blockchain, the communication protocols, the network structures, consensus algorithms, and the application environment besides the progression of Blockchain and the conventions of the value-added Internet. A new neural consensus algorithm is anticipated to mend the fault forbearance from 33% to 40% deprived of the cost of performance associated with the BA Algorithm.
For blockchain to be accepted by a large part of the world to stand on centralized platforms, users must be confident that they will receive better services from decentralization than centralized applications. This means improved security, better operational speed, competent value interchange, enhanced storage, and multiplicity should be accessible through this conventions.
Seele’s notion is to turn it all upside down. If this prophecy thrives, Seele protocols will turn out to be the mainstay of a new Internet era driven by blockchain.
Each of these enhancements will work to make blockchain enhanced so easily embraced by the majority of the cryptocurrency lovers. Seele steers the direction blockchain can take in the future and proficient stockholders have by now perceived its perspective as a universal change platform.
Reasons to use Seele
Seele trusts that the blockchain technology is intended at building a new platform for performing bounteous as well as large-scale safe collaboration amid individuals and large establishments. Seele advances modernization theory and a technical solution to the tangible mandate in the Internet industry. Seele trusts that another vital fact for a business association is the establishment of a global tool for multi-industry and cross-domain applications.
The beliefs and concepts of Seele are huge. Here are 5 topmost reasons on why ‘Seele’ is called the Blockchain 4.0 and why should we strongly go for it.
Optimized Storage
The traditional blockchain is irreversible, so any information warehoused on a certain blockchain will certainly not be scrapped or altered. This is probably to cause a data storage issue when the members in a specific chain surge or when additional data is fed into that chain. Seele handles this issue with two types of storage facilities called the IFPS (off-chain) and NVTP (on-chain).
Storing data in the Seele protocol encompasses easy steps. Data retrieval is simplified by the hash process. When retrieving data, once the hash is provided, the node that stored that data can easily be located. Data or metadata kept in the chain will afford the data security and confidentiality.
Grid Computing / Virtual Machines
Seele will be using their own virtual machine (VM) and sandbox for better performance and data protection. On the basis of collective computing, Seele offers a new method of calculation. Through the control and coordination of contracts, the distributed computing procedure can be protracted to off-chain sources, and data is disseminated to the individual’s system via the sandbox or Distributed cluster feeding platform.
Any solution provider with delicate information can believe the Seele protocol with their information as it will be protected at all whiles still being adjustable to the necessities that may ascend as more individuals embrace the blockchain technology.
The data is of course very safe!
Of course, running any application on blockchain has benefits that integrated applications do not have. Improved data confidentiality and pellucidity will gain over expediency that centralization will have. In Seele, via the smart contracts, the data is directed to the implementation environment in the encapsulated sandbox, and the implementation environment is split into two sorts of cases and that is located on the virtual contract machine and on the computer resources outside the chain. So your data is absolutely safe!
The road to value Internet
Seele’s Chief Scientist Dr. Wei Bi being interviewed at Huobi Carnival 2018.
Seele will be a virtuous resolution for the Internet of things for of its dominance in distributed computing, Management of data, data confidentiality and transparency. Seele, built on the EDA consensus algorithm, through its radical-low power intake and extraordinary concurrency competence, will lay a strong foundation to the value internet.
Communal Platform
Seele will afford the developers with a prodigious platform that can provide all of their ground-breaking notions to offer booties to the consumers of their applications and to lure even more people into the Seele protocol. Seele also possesses the undeviating scalability that is sustained by its structural design. It permits the platform to nurture without negotiating the eminence of the service provided. Seele will also have an error forbearance level of 40% when compared with the Byzantine agreement which is around 7% only.
Waiting to witness Seele unleashing its potential!
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Note: This is not financial advice or a recommendation to invest in this or any other ICO. Investors must perform their own due diligence and not rely on external ratings to make their final investment decisions. ICOs are risky and 100% loss of capital is possible.