The era of cryptocurrency began when an unknown Satoshi Nakamoto created Bitcoin, and described the scheme of his work. This is how Blockchain 1.0 appeared-a system that allows you to make secure and anonymous transactions. Success was loud, but even greater concern was caused by the introduction of Ethereum. The ability to create smart contracts has revolutionized the cryptocurrency industry. This marked the emergence of Blockchain 2.0. A new round of technology development was the creation of Blockchain 3.0, which is represented by the projects EOS, DFINITY, Cosmos.
The fourth generation of blockchain
The Seele project (from the German “soul”) claims the status of the first Blockchain 4.0 system. Thanks to the revolutionary Protocol Neural Consensus, the project is able to solve the current problems of the three previous versions:
- No scalability;
- The lack of communication with other blockchains;
- Lack of reliable information exchange.
In addition, the new algorithm will improve the performance of the blockchain up to 40%, and will allow the storage of large amounts of information.
In previous generations, it was so: the more nodes in the blockchain network, the slower the procedure for finding consensus. This goes against the basic idea of the blockchain-large-scale cooperation of all participants.
How it works?
The originality of the idea is that Seele use the neural consensus Protocol, achieving parallel operation of the nodes. Thus, the more nodes - the more performance. Seele has developed a Heterogeneous Forest Network (Heterogeneous Forest Network) system where each individual “tree” is a global network subnet with its own hierarchy. Thus, the developers plan to maximize the implementation of resources and improve the security system.
Due to the Heterogeneous network capabilities, the system has a meta-level responsible for the planning and distribution of tasks that it addresses to the lower level. Thus, a hierarchical network integration is achieved and the problem of scalability is solved
In short-the developers announced a project that can qualitatively improve the mechanism of the blockchain, while creating a global system with a large number of subsystems.
What are the advantages of Seele?
- An innovative idea that has won the attention of users;
- A large-scale project is being developed that can correct serious defects in the system, qualitatively improving the scaling and network bandwidth;
- Since the ICO, the tokens have grown in price by 800%;
- With the release of Seele in the light-it will be possible to create almost any project on the blockchain;
- The team of developers-experienced professors and doctors of Sciences, who have more than one project.
Conclusions and my thoughts about Seele
If we summarize all the above-it becomes clear that the developers started such a large-scale plan that its implementation will qualitatively change the digital world. The success of Seele will allow to create almost any crypto project based on the blockchain. The characteristics of the Seele network stated in the White Paper show that it will be the most ambitious and innovative project in the last year. The launch of the test version of the platform is scheduled for the end of 2018. The introduction of the fourth generation blockchain will allow to realize a large number of ideas and implement them in a single blockchain control chain. This will help to launch a new round of development of the crypto industry.
Friends, thank you for reading! What do you think about Seele?
For those who are interested in the project spread links to official sources:
Website
Bitcointalk thread
Whitepaper
Telegram group
Facebook
Twitter
Reddit
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Can this really be 'blockchain 4.0'?
We are at work resteeming to our network, you'll receive some upvotes too of course over a few hours.
I didn't think it was possible that the more nodes the faster the transaction is confirmed
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The post was very good and full of content. For someone like me who has a little info on this, your post is awesome. Thank you for sharing this information with us.
The idea is cool, but in fact it is still a theory, waiting for implementation
The idea is innovative, udu follow them closely
Interesting, I only recently learned about the third generation of blockchain. That's a promising idea!
Promising project, heard a lot about it
I think every investor should have a token of this project
I bought on the token exchange, I believe in the prospects of the project
I wonder what will be in the blockchain 5.0?
I think the project will be successful, there is a lot of noise around it
Serious competitor to Ethereum
By the end of the year, blockchain 6.0 will be invented at such a pace)