Introduction
A lot of happenings has shook the world over the years. The collapse of the Lehman Brothers in 2008 will be remembered by bankers or financial experts. Other things have happened to humanity but what happened in October 2008 is revolutionary. This was when a pseudonymous cryptographer dubbed Satoshi Nakamoto came up with Bitcoin (Blockchain 1.0).
Ever since, the technology has continued to grow. New and advanced blockchain systems and its application continues to emerge. Ethereum’s smart contracts (Blockchain 2.0) is a computer protocol which enables transaction without third party, Lightening Network (Blockchain 3.0) which has improved and increased transaction speed, other chains like Fabric and Corda has created a highly competitive environment.
Another of such advanced and innovative blockchain technology is SEELE with the self-acclaimed title Blockchain 4.0.
What is SEELE
Seele is a German word that means Soul which refers to which is the core of any human reasoning or idea. Seele is set to revolutionize and advance blockchain technology hence the name Seele. Seele’s goal is to innovate so expect a more advanced technology better than Bitcoin and Ethereum in terms of speed, ability etc.
Seele is powered by a proposed upscalable Neutral Consensus algorithm that allows a high throughput concurrency among large scale heterogeneous nodes. This has helped to solve the problem experienced as a result of the high number of nodes which eventually affects the consensus in existing blockchain technology which is contrary to the spirit of collaboration in a large scale among organizations and individuals. Seele’s consensus algorithm is exceptional scalable.
As highlighted in the whitepaper, Seele is going to use the neutral consensus algorithm to allow for a high throughput concurrency among large scale heterogeneous nodes. This results to a unique heterogeneous multi chain forest ecosystem. Each forest will apply individually to relevant businesses with each company set to run in a single chain cohesively.
The blockchain being heterogeneous has a lot of importance;
- It provides a subnet and platform for different or similar enterprises and services.
Such structure will provide resource optimization and security isolation within the network and there is a low cost transfer for users as a result of the cross chain access ability.
Positives
This project is very laudable and has the power of attracting a lot of users to its blockchain if all set can be achieved.
With their innovation and plan to improve on existing blockchain framework will promote this course.
All problems and shortcomings with existing blockchain projects are carefully explained even for a noob to understand and they offer the solutions to all these shortcomings.
If the team can pull this off, then it will be the biggest blockchain project in the space right now as it’s not just a blockchain project. It encompasses everything from data, internet, business, economy and information.
They have a very strong team (Professors, Patents, DSc) with a huge experience. Some are Dons in top universities all over the world.
Negatives
Too technical whitepaper
3There is no much information about the project on the web.The advisors are not detailed enough as there is no enough information as who they are and what they do.
The self-acclaimed blockchain 4.0 is a little far-fetched. Entering the market and putting yourself above other existing product seems too much. Maybe they will be able to show this is yet to be seen. We wait and see.
Roadmap
Q2 2018: Transfer of user value in testnet.
Q 3 2018: Deployment of value transmission protocol.
Opening of the value transmission channel in heterogeneous forest network.
Q4 2018: Public network rollout.
Q1 2019: trusted exchange and sharing for medical data based on seele (Seele V1).
ICO Details
Total supply: 1 billion SEELE tokens
Conclusion
Seele’s project is still at the infant stage and still being developed and maybe they will be able to dethrone existing blockchain projects is yet to be seen. However, if the team is sincere with their plans and stick to the goal, then it might be a really big project for the future.
If you are looking for a long term blockchain project to invest in, then Seele might be a very viable option among existing blockchain projects in the crypto world now.
Learn more about SEELE by visiting any of these links;
Website: https://seele.pro/
Whitepaper: https://s3.ap-northeast-2.amazonaws.com/wp.s3.seele.pro/Seele_tech_whitepaper_EN_v2.0.pdf
Bitcointalk Ann thread: https://bitcointalk.org/index.php?topic=2820292.0
Telegram channel: https://t.me/seeletech
Published by : Fandicoin
Profile: https://bitcointalk.org/index.php?action=profile;u=2136014