The current consensus algorithms are not compatible with Scalability, Security and Efficiency, forming an SSE paradox. Such as PoW, to meet the scalability and safety requirements, but not the computational overhead; PoS meets the requirements of efficiency but is deficient in scalability and security; DPoS meets the requirements of scalability and efficiency, but has insufficient security; pBFT meets the requirements of security and power consumption, but when the node size is very large, the problem of network overhead becomes very prominent.
Hashgraph meets the requirements of scalability and efficiency, but has insufficient security, and due to its structural and process constraints, such as the connectivity and partition of network nodes, the confirmation delay of some transactions is relatively large; Algorand meets the requirements of scalability, security and power consumption, but has strict requirements on the overall connectivity of the network, convergence delay becomes unpredictable in the case of network partition.
Seele synthesizes the advantages and disadvantages of current mainstream consensus algorithms, and proposes a new ε-differential agreement (EDA) based on "micro-real numbers", which transform the consensus problem into an asynchronous request processing and sorting of data in large-scale environment, and has a very strong robustness for the overall connectivity of the network, for non-fully connected networks, and even each network connection is less than 50% of the proportion of the system can operate normally One of the most important features of the consensus algorithm is the linear scalability, that is, the performance increases linearly with the node size.
About
Seele is a new blockchain platform that takes advantage of new inventions of protocols, like Neural Consensus. It is said as blockchain 4.0 because it comes with newer and more advanced features that are not present in the older technologies.
Mission and Goals
#. Standards promoters, network builders, and eco-preachers of Value Internet infrastructure;
#. To integrate the essence of the layered model of Internet fundamental protocol and provide a solid agreement guarantee for the interoperability of resources and the collaborative computing of heterogeneous networks;
#. Providing a powerful foundation platform and high-speed pipe for the free and safe circulation of resources and positioning, discovery, and transfer of value and transformation within and across the global chain;
#. Adhere to the ecological-oriented, win-win cooperation strategy for developers, service providers and users of data assets registration, value delivery, and exchange of open platform. Dedicated to building operating system of Value Internet that provide developers with an integrated and flexible service design, development, testing and deployment service chain,provide the most efficient channels of service to customers for service providers, and the simplest channel for value transfer and exchange for users;
#. Using the token economy to encourage community contributions to share and create ecosystem rather than a centralized software platform;
#. Build new relations of production of Value Internet, promote the development of the blockchain in depth and release future productivity The Seele Advantages
Token Details
Seele is still in its early stage of development and its ICO date and details have yet to be announced. But it is reported that 1 billion tokens are set to be sold in the ICO.
Seele Token
Ticker: SEELE
How many tokens: 1,000,000,000
Platform: Ethereum
How much is 1 SEELE = 0.0324 USD (0.00008000 ETH)
How to pay: ETH
Seele token distribution
Conclusion
The current bad solutions to these problems have caused many serious consequences, and thus many people have lost confidence in blockchain technology. We still need to take some measures to solve such problems,according to some solutions in the real world.
In Seele, the governance power stems from the token holders who delegate power to the block builder. The block builders are given limited and supervised privileges to freeze accounts, update defective applications, and make a change to the underlying protocol.
Token holders are generated randomly by our consensus algorithm, which will randomly select a group of people from the fastest responding nodes, get the final list by weighting heir holding tokens, and update it regularly. These nodes
will undertake the governance functions within this time frame. Those nodes that have good network connectivity and fast response will be more likely to be chosen as governance nodes. They combine the advantages of PoS and PoW,
and take nodes’ participation into consideration, which reflect fairness and will avoid collusion attacks.
The block builder election is a part of Seele. The blockchain can only be changed upon the approval of block builders. Block builders can be voted down if they refuse to make expected changes. If block builders make some changes to
blockchains without permission of the token holder, all other non-productive full-node verifiers (switches, etc.) will refuse to change. In this way, a certain issue can be solved by voting on it
THE TEAM
