Seele (SEELE) is the first coin in the blockchain 4.0 generation. As before Bitcoin was introduced to the world in 2009, it is considered a blockchain 1.0 platform. In 2013, Ethereum introduced us to a whole new concept of smart contracts, which is the typical technology of blockchain 2.0. In 2017, a series of ICO projects emerged such as EOS, DFINITY and Cosmos with better performance, strong governance and cross-chain solutions among other technologies. This is considered the 3rd generation of blockchain technology 3.0.
However, soon there will be a project that can be considered a revolution of blockchain technology with more advancements and more impact on this industry. The SEELE project is considered by many to be a blockchain 4.0 product, alongside features similar to Bitcoin and Ethereum, but it will focus on scalability, flexibility, and real-world applicability. It has an economic system that can be used for governance, healthcare, IoT, gaming, social apps, fintech and more, etc.
Seele consensus algorithm
Seele is powered by the MPoW (Matrix PoS) algorithm, an innovative PoW consensus algorithm developed by SeeleTech and deployed in the Seele mainnet. Compared to the conventional PoW consensus algorithm, MPoW requires miners to compute the determinants of a sub-matrix, from a matrix built with n other hash functions. It consists of several steps that can effectively prevent ASICs and GPUs from dominating the network.
Maolin Zheng: CEO – Operations Research PhD
Shawn Xin: PhD in Mathematics
Luke Tseng: Doctor of Physics
Eva Chen: PhD in Computer Science
Tim Yang: Software Engineer
Tony Pang: Software Engineer
Advantages of blockchain 4.0 bring to users
Here are some of Seele’s advantages in 4th generation blockchain technology:
Still have the advantages that 3rd generation blockchains bring, including consensus, fast transaction confirmation, cross-chain, and better governance.
This is groundbreaking research in the internet revolution that connects all blockchain systems, including BTC and ETH. In addition, Seele also wanted to build a separate algorithm where the larger the number of visitors, the faster the transaction will be processed.
The Seele governance mechanism is more innovative, so it enhances the efficiency and fairness of transactions. Various token systems with decentralized and unregulated exchange rates.
Seele provides a complete ecosystem of leading blockchain technology, architecture and applications. It allows all kinds of resources around the world to exchange information and do business more efficiently.
Currently, SEELE coin is doing a lot of research to improve blockchain 4.0 generation. Seele is currently working with Stanford, UCLA, Oxford, and IBM Watson to study data interactions and chain breaking.
Features of SEELE
The goal of the developers is to introduce a new blockchain to the world that meets the increasing requirements for speed and security. Thanks to the “layered” structure on the network, Seele will ensure the interoperability of all networks on the Internet, taking the idea of cross-chain to the next level.
The project team proposes to change the consensus mechanism, introducing new underlying network architecture, HTTP protocols and protocols, as well as TCP/UDP protocols. This will reduce the number of bugs in the network, increase scalability, add areas where blockchain can be used, and focus on the “Internet of Things” array.
The use of a “heterogeneous” blockchain is an innovation. The network will consist of multiple blockchains acting as one. Each blockchain sub will be responsible for a specific area of activity, such as finance or information storage. The combination of components will become possible, through the use of neural networks that will be supported by the user. Thanks to the fork of the blockchain, Seele can be used in all areas of activity.
The use of platform tokens is planned to incentivize others to use Seele instead of centralized services. Therefore, the project contributes to the promotion of decentralized networks and blockchain. The structure of the network implies that the more nodes, the faster transactions are processed. Therefore, the coins will be used to reward nodes and to conduct transaction fees.
This project brings a lot of joy and ambition. Seele is committed to creating a global, fast and secure blockchain for all industries.
The project sees itself as an ambitious fourth-generation blockchain. The developers have launched EOS – a representative of the third generation. As you can see, the Seele developers want to achieve more than that and knock young competitors out of the market. Looks like everything is going according to the developer’s plan. The project shows a well-rounded theoretical model.
You can see SEELE prices here.
According to AZCoin News
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