The first 4.0 Blockchain

We know that some of us might think its really to late to get our hand into the best project such as EOS, NEO, Ethereum, Ripple & Bitcoin, well they are all a head of their time at the time they are release. Some of us was not there to get a piece of the market of the product.

Well now there is one project having a similar performance with those 4 that is not a head of our time. Right now we all want to profit from some great product at the early stage that able to create a market made by 1000% minimum.

Let be introduce Seele, The first 4.0 Blockchain in the market that will redefine the meaning of Blockchain. Interesting fact the meaning of Seele are Soul in Germany, which implies Seele goal to innovate new era value of internet.

Introduction

In recent years, a variety of blockchain systems and applications continues
Open the limitation, to a wider area and application development.
Ethereum, bitcoin and chain other public and digital cryptocurrency
keep popping up, as well as the chain Consortium, such as Fabric and Corda,
creating a highly competitive environment.

With the development of Blockchain technology and its application,
the problem gradually open. Problems such as the inability to scale on a large scale performance, inability to support a variety of business scenarios and
the inability to exchange information and share assets across different Blockchain the network became more prominent.

To respond to this problem, Seele team decide to create core values of the Blockchain and try to solve this issue from a few core issues in Blockchain: consensus algorithms, the topology of the Internet Protocol, ecological value, the underlying network protocols, convergence and collaborative computing
the ecosystem of applications, etc., to promote wider application of the blockchain and The Value Of The Internet.

To respond to this problem, the team are trying to make progress in various aspects of Blockchain, such as the core issue of Blockchain, the underlying
communication protocols, network infrastructure, the agreement cross-chains, consensus algorithm and application of the upper part of the ecosystem, and trying to promote the development of Blockchain and added value of the Internet is widely the former.

Seele will synthesizes the advantages and disadvantages of the current mainstream consensus algorithms, and propose a new differential ε-agreement (EDA) based on “the number of micro-real “, which converts the problem into a consensus asynchronous request processing and sorting data in a large scale environment, and has a very strong power for the overall connectivity the network, to a network that is not fully connected, and even every network the connection is less than 50% of the proportion system can operate normally. One of the most important features of the algorithm is consensus linear scalability, i.e., the performance increases linearly with the size of the node. The larger the size of the node, the faster convergence and the better the performance. In Network Neighborhood 100 k nodes, TPS reaches 100 k, transactions the confirmation delay is decreased to a few seconds.

Principles

Through the repetition of random sampling is not complete, all features of the system would be gradually closed, and the selection of discrete [𝑇 | 𝐹] traditional the deal will be transformed into consensus voting sustainable [0%, 100%]. By using the functions of convergence, when every value of voting is compressed and the range is smaller than the specified threshold ε, determined that the ballot consistent and value of voting is used as the basis for sorting.

The process of consensus to add parameters, v, for confirming the order of blocks, merges these parameters in the process of with consensus algorithm that in accordance with the appropriate requirements, and when this range
the parameters of the fused being less than the required precision ε, i.e., to ensure that there is only one block in the range of the scale. For a few blocks,
the block continues to be positioned on the axis of via independent and
independent loop, completing the sorting.

Algorithms using the position coordinates on a virtual axis as the basis
block order so that the blocking of the order is no longer dependent on
pre-consensus block and actually get out of the jam situation that there will be a consistent Protocol can not be parallelized, the Process provides effective and practical methods to improve efficiency Seele in the system. Through the separation of the architecture, the Treaty will remain with the consistency of the front of the back-end storage, the repetition of testing. A part from the technology, with a good portability. Due to the fact that there are there is no data processing or access to the entire process of consensus, the data independence makes it can be widely applied in many scenarios such as finance, E-government and traceability.

Seele Highlight & Security Analysis

Sybil attack, according to the value of the currency held by consensus
users, assign weights to them and use some random sampling of local measuresstep features to cover during node Sybil has a monetary value of totalless than half of the total value, on a chain attack algorithm For Sybil has beenabsolute resistance and immunity, the bifurcation and to avoid double
spend.

For the selection of a random node in the process of consensus, the meta method using random computing functions. User count from the private key whether or not it was selected and feed back and broadcast the results to the other Users. A random selection process is not interactive, an attacker cannot know in advance where that node is selected. During each round of consensus,the nodes in the selection are all random and different, which also increases the cost of the attack.

Highlights

Consensus process changed from discrete voting to continuous voting

In the traditional consensus, the voting on the block between nodes represents the node’s opinion with 0 or 1, and its voting is discrete.

Efficiency parameters can be adjusted for different environment

Parallel consensus will be to improve the operating efficiency of asynchronous systems, give full play to the parallel system of distributed computing capabilities. With asynchronous system multi-node design, you can further enhance the system’s concurrent performance.

Energy saving

There is no head node selection process in the scheme, and there is no PoW or PoS required to fully reduce the energy consumption during the operation of the non-central system. In addition, in addition to extracting abstract information, floating-point arithmetic needs to be performed in the scheme. The rest of the operations and sequencing are based on integer arithmetic, which requires extremely low performance of nodes and further reduces the social and economic costs.

Low transmission overhead

The scheme does not need to connect with most nodes during the consensus process and obtains the vote (PBFT), which can save the overhead of system data transmission and reduce the node’s dependence on the system network structure as much as possible.

Adjustable parameters

The consensus efficiency of this algorithm is based on the selection of parameters such as the convergence interval ε and the sampling rate s, and the optimal system efficiency can be obtained by adjusting the relevant parameters in real time.

Compatible with a variety of network structures

The consensus algorithm has strong adaptability to the traditional chain structure and DAG structure.

If you want to know more about Seele, we suggest you to read their white paper and understand the project. Why is the product has the same valuation as EOS you will find out in the process of reading the white paper about the product.

Here is the link to the white paper.

Thank you & don’t forget to Clap.