Since the introduction of BlockChain technology in 2009, it’s users have escalated at a great number and it’s necessity have been surprisingly important. It’s horizons began to widen through the development of Bitcoin, Ethereum, and other alternative chains. Businesses and organisations use cryptocurrencies in their everyday line of work. New incentives are adopted on a daily basis, thus this gave a rise on the development of cryptocurrency.
With the high development that is witnessed is the crypto world of today, they still face challenges that drags and hinders their development, thus making them not to achieve the basis in which they work towards attaining. These problems could be;
• Scalability
• Inadequate performance
• Security issues
• High transaction fees
• Slow transaction process
This lead to the introduction of “SEELE”. The word Seele which stands for ‘soul’ in German which refers to not just human soul but all the essence of a person, ideas or actions.
Seele aims at creating a new era of Value Internet and tends to curbing issues that are faced in the world of Cryptocurrency.
The SEELE BlockChain will do to the blockchain industry what Steve Job did in the world of mobile devices. Seele tend to bringing in standard promoters and network builders that would uplift and bring in more development in the world of blockchain network. They intend to use the token economy to encourage community contributions.
Unlike other Internet blockchain that use IP and DNS, the SEELE network will be using Value Transport Protocol to track locations and registrations with blockchain network.
Also, another established custom of Seele Network is the Quick Value Internet Connection (QVIC) which can adapt more and meet the requirements of blockchain network and not dependable on TCP and UDP procedures that are commonly used in current blockchain networks.
Seele also tends to introduce the VHTTP Protocol which would allow an effective communication in blockchain ecosystem. The VHTTP will serve as a higher ground to HTTP.
SEELE TEAM
The Seele team is mainly comprised of experts in blockchain technology and financial management with Dr. Bi Wei, PhD in Visual Science, University of London, also holds an MsC degree in Computer Science in University of Oxford, a deputy Secretary General of the China blockchain technology innovations and alliance as the team and Chief scientist.
The Seele network is also offering it’s own token which will also be used to reward consensus modes and serve as a form of incentives for users.
Seele need to prepare for Sybil attacks by charging fees, because the bandwidth and computing resources will be consumed during the transaction. The charged fees will be used to reward consensus nodes. Giving that, it shall be encouraged that more nodes join in the network to improve network performance and its security.
for information please visit the links below
• Website: https://seele.pro
• Whitepaper: https://s3.ap-northeast-2.amazonaws.com/wp.s3.seele.pro/Seele_tech_whitepaper_EN_v1.8.pdf
• Telegram: https://t.me/seeletech
• https://www.facebook.com/seeletech
• Bitcointalk ANN: https://bitcointalk.org/index.php?topic=2820292
Wonderful writeup! I have really learnt enough from this! Seele has good innovations and i feel they can shake off the issues encountered in the crypto-market! Weldone OP
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Hmm...i see so much prospect in this project
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