Destruction and universality, Seele, the value network of blockchain 4.0
BEIJING, Jan. 26, 2018 /PRNewswire/ -- The innovation of the blockchain technology brings three fundamental influences to the world: equality, openness and transparency. Like the emergence of the Gutenberg printing press in 1440, which was a revolution of communication and knowledge explosion and changed the relationship between human education and ideological system, blockchain technology has managed to distribute power from the center to the masses using modern information technology. Today, the core team of UCL CBT (University College London Center of Blockchain Technology) and the researchers, scientists and engineers from the United States and Asia Pacific have announced a new product named "Seele" which brings forward innovation theory and technical solutions for the real demand of internet industrial and may be the first to provide an appropriate solution.
Destruction brings innovation. Seele believes that, since the discovery of blockchain technology, it has always aimed at creating a new platform that provides efficient and secure collaborations between individuals and large organizations. However, the existing public blockchains all have the same problem: the more nodes, the slower the consensus, which is contrary to the purpose of large scale collaboration. Seele proposed a novel Neural Consensus algorithm that provides remarkable upward scalability, i.e. performance and convergence speed increases with the number of nodes. Preliminary results suggested that, in a network with 100k nodes, the transaction speed is estimated to reach 100k TPS and the confirmation delay in seconds.
Universality leads application. Seele believes that, another important point for business collaboration is to provide a universal tool for multi-industry and cross-domain applications. The new internet of value is composed of heterogeneous blockchains from all over the world. Each blockchain and subnet provides the same or different business and services. Therefore, providing the cross-chain access ability for heterogeneous blocks is essential to the stability of the network operation and value transmission. An innovative architecture named Heterogeneous Forest Network (HFN), which Seele Tech proposed, bridges the real world and the digital world. In an HFN, each chain only provides smallest amount of services that is relevant to the business logic involved, and each cohesive service only runs in separate chains. The advantage of this design not only ensures security isolation and resource optimization but also provides cross-chain access ability to allow value transmission between heterogeneous chains.
As the most 'destructive' blockchain ecosystem, Seele extends and improves the application and efficiency of the existing blockchain technology. Based on the foundation of blockchain 1.0, such as Bitcoin; blockchain 2.0, such as Ethereum and blockchain 3.0, such as EOS, Dfinity and Cosmos, Seele is bold to explore the forefront of technology, blockchain 4.0, which is aimed at real industrial applications.
After successfully carrying out preliminary tests with large-scale nodes and under various application scenarios, Seele's public blockchain technology has made good progress. Seele will be working together with internationally established blockschain organizations and laboratories to carry out academic research, technical cooperation and open source the core part of codes. Innovation and universality require all developers to work together. Seele will stick to 5-Open principles: Open Science, Open Access, Open Source, Open Data and Open application.
Seele believes, the right comes from DATA. "There is no spoon."
View original content with multimedia:http://www.prnewswire.com/news-releases/destruction-and-universality-seele-the-value-network-of-blockchain-40-300588759.html
SOURCE Seele
