SEELE BLOCKCHAIN 4.0 BUILDING THE INTERNET OF VALUE FOR THE FUTURE.
In a nutshell:
Seele claims to be the Blockchain 4.0 integrating Neural consensus algorithm and heterogeneous forest structure, implementing on the chain and off the chain data computation.
If you want to learn more about Seele, head to the website (https://seele.pro/#/index) as with this article I’m aiming only to review the project — for a more complex description of its features please do your own research. Enjoy!
I will launch a few Questions first, answer them to yourself in the beginning then read what do I have to say.
Q1. Do we need another BLockchain infrastructure?
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If your answer was no, please review the points that I have to say in your mind...
- Currently to name a few among the major players-Ethereum, Neo, Eos....and many more all these have their main net launched. People transact in them, all of them are or will be trying to solve the scalability issue and many more problems, whereas Seele has already figured out a way to do so, by introducing Neural Consensus algorithm. A novel neural consensus algorithm is proposed to improve the fault tolerance from 33% to 40% without any loss of performance compared with the Byzantine Agreement (BA) algorithm.
The current consensus algorithms are not compatible with Scalability, Security
and Efficiency, forming an SSE paradox.
There are many more benefits to neural consensus -
1 Power consumption
2 continuous voting of block confirmation has been changed to discrete voting
3 Low transmission overhead and many elsewhere.
Seele is also interoperable Blockchain
-It uses the concept of sharding, where meta chain handles the global configuration and subchains operate under the parent chain, all interconnected. This provides real-world use case too.Seele makes use of IPFS as the core of storaageand metadata on the chain of storage,implementing on chain and Off chian computation.
- Seele also provides a complete contract development tool,Seele Editor.
- A complete application development tool chain. It will support the
development, testing, and deployment of contracts in one
environment. - Cross-platform SDK support and prompt updates of technical
documents to improve development efficiency and diversity of
applications on different platforms. - Build a plug-in store, like Unity, to provide contract development
components and sample programs to improve development efficiency.
Therefore, developers could not only develop specific applications but
also develop support components for revenues. - IDE with community modules. Any problems related to the
development can be communicated and promptly resolved on it
- Seele is efficient, Secure, Interoperable can pull up a transaction speed up to 1 million per second.
This is impressive. I don't know if you have any other thought than this, BUt all of this put together makes a really strong concept, Kindof like an all in one package.
Q2. IS the Crypto bubble just the beginning?
Absolutely Yes, The google's The Facebook, The Tesla of this field are yet about to reveal themselves.
Right now Ethereum is ruling this space,but it doesn't take time for it to get displaced. The best and the strongest will dominate and proceed, we are yet to face problems that weren't faced before, we are yet to find solutions for those problem. Its just the beginning and placing your bet in the next dark horse should concern every one of us. There are many projects out there but Seele is one of the strongest and "powerful" projects.
Q3. Why Seele, other projects can come up with a solution anytime?
Yes, of course, others can too and are very well capable of doing so. But what drives a project is the team behind it.Seele has very Strong Team with the very academically strong background. They are very hard working people and based on what solution they have brought to us, they are the winners. They have to constantly solve issues of new problems that are yet to reveal itself. That is what will boost their position to the top.
(You might want to look into this article that I wrote about their team- https://steemit.com/life/@leotard1308/whats-all-the-craze-with-maolin-zheng)
Q4. Can they pull the network effect?
This is the activity of the blockchain as of now-
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It's not easy to pull a network effect that these blockchains have put.But if the technology and the principles are nice nothing is impossible. This is the Wild Wild West where the market is so small and is so far away from mass adoption that anything can happen at any point in time! I Truly Believe in the project and their concept.
Q5. Is there something that we all should be bothered about?
Um.their test net is arriving this soon, their experiments have resulted in good results, you can see those in their whitepaper, it's really detailed. The one thing to be concerned about is the continuous development,and continuous fight of the new problems that will arrive.But I am very confident on the team, and to be honest its difficult to find something to be worried about this project.
THE VERDICT
All these set aside i believe in this project and in the short term and in the long term also this one is going to flourish!
currently circulating supply is about 360-365 million(cant remember the exact figure) and a price of $.214(as of 28-06-2018) put's the company at an evaluation of 70-75 million market cap, compared to ethereum and whre it has been it's 200 times less. I am going to buy this at these level.(NOt A financial advice)
I AM SUPER HYPED AND SUPER BULLISH IN THIS PROJECT
Thank You
BY- S. Dutta Roy
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