For Seele team, July witnessed the great successes and respective setbacks of Seele. We’ve secured multiple partnerships and held several events for our ecosystem building. Significant progress has also been achieved in our R&D. The detailed plan for Seele’s Yellow Papers composition is going to be released. While, we also confronted with the attack of quantitative trading groups, which incurred the drop of Seele’s price on Hadax. Now we’re proactively responding to the challenge and would like to say thank you to everyone’s continued support in our community.
Gladly, our R&D plan and industrial application progressed smoothly and hadn’t been affected by the incident. We’ve also reflected on the previous strategy and realized that we sometimes couldn’t communicate with every investor timely and accurately due to numerous reasons. We do apologize for this and would make due improvements upon our findings. Information release channels will be more effective, efficient and diversified in the near future. We hope more friends can know, understand and support Seele. The following paragraphs are what we’ve achieved during the last month.
In terms of technology, Seele has already made great progress. We are especially pleased that Seele team members have already been composing our technical yellow papers under Dr. Wei Bi’s guidance. Also, Seele will publish several yellow papers in different research areas, which will be a tremendous milestone for us. The specific plan will be announced by Dr. Wei Bi on Huobi Carnival in South Korea.
To guarantee the code refactoring and optimization, we further improved the unit test coverage, and added the basic functional testing such as the benchmark tests for key modules. The LRU cache for block store improved the data query function. The RPC API supported the local execution of contracts and query of contract event log. Also there would a specified nonce value when sending transaction on client.
In addition, we have optimized the commit performance of state database, to improve the speed of block packaging and transaction processing. Besides, we improved the transaction management module, which selected high-fee transactions for miners in priority.
After a month’s testing, Seele test-net’s functions (wallet, faucet, explorer, and monitor) have been significantly optimized. Based on the improvement of API, the function of wallet and faucet has been improved. The users can create wallet and receive token rewards for test via faucet, which can be transferred in the wallet. Moreover, users can check the completed transactions in the explorer, and monitor the operation status of the block network in real time.
In regard to the ecological construction, Seele also acquired great achievements. In early July, Seele CEO Dr. Maolin Zheng and Chief Scientist Dr. Wei Bi attended Asia Blockchain Summit as guests and introduced the latest breakthrough in Seele’s consensus algorithm. In the meanwhile, Seele selected Elias as Asian Ecosystem Leader, which established a solid foundation for the ecosystem construction in Asia. Elias initiated several activities, aiming to build harmonious and efficient communities for the investors.
More exciting, Seele inaugurated a new process in industrial applications. In the medical industry, Seele secured cooperation with Pro. John Fox. The cooperation provided a significant opportunity for him to apply Seele’s blockchain and smart contract technology to medical research and clinical service management.
While in the supply chain industry, Seele and Linfinity signed a strategic cooperation agreement to develop in-depth cooperation in the blockchain technology field. Combining Seele’s extensive system design and engineering development experience, Linfinity will fully utilize operational capabilities and user resources to accelerate the building of supply chain ecosystem. In August, Seele will announce two other key ecosystem projects, covering the healthcare and the logistics industries.
Admittedly, affected by various kinds of factors inside and outside, the operation of Seele met difficulties, which sounded an alarm for our team. In order to provide investors with the latest progresses more efficiently and timely, we will improve the communication with our investors through various channels.
Dr. Wei Bi, the Chief Scientist of Seele, has joined our several communities to strengthen the interaction with our supporters frequently as an admin. Also, he will make live streaming to answer investors’ recent concerns. On the international community front, our next goal is to expand more international communities. In addition, we will launch Global Recruitment programs for Volunteers and Ambassadors to accelerate the building of Seele community consensus.
After one month of unremitting effort, Seele has gone through critical growth mixed with immense joy and serious reflection. Many supportive voices and constructive comments from our supporters empowered us to keep forward. “Seele is not a price, it’s new version of blockchain”, “Tech cannot succeed on its own without marketing”… Words can’t express how appreciated we are for our unwavering supporters. We will make more progress in the following days and hope all investors believe in the value of Seele.
Decryption Activity Beta
The answer of the cyphertext last week is Maolin Zheng. The key of the first layer is Morse code, and of the second layer is Caesar cipher.
Dr. Maolin Zheng, the CEO of Seele, is postdoctoral Research Fellow, NSERC, GERAD, of University of Montreal, decision optimization expert of FICO. He has profound experience in big data computing, mathematical modeling, predictive analytics, credit risk management, decision optimization, and discrete optimization.
