Full description of Seele
Seele is a utility
Token (?) that can be used on a blockchain-based platform with the same name. The project calls itself the fourth generation
Blockchain (?) as it claims to be much faster than all its predecessors and plans to take the leading role with the help of its robust functionality. Making use of the latest innovations, Seele aims to create a special ecosystem for developers. One of the key features that help Seele stand out of all other blockchain-based solutions is the Neural
Consensus (?) Algorithm that is designed to resolve the problem of scalability and help the new platform become much more efficient than its alternatives. This technology is also pretty secure as it makes the cost of any hacker’s attack significantly exceed the expected profits. In addition to solving the scalability issue, Seele implements Value Transport Protocol (VTP) and Value-Chain HTTP (VHTTP) in order to facilitate the
Exchange (or Cryptocurrency exchange) (?) of values among different blockchains and thus overcomes the problem of interoperability. Unlike Bitcoin and Ethereum that rely solely on the Proof-of-Work
Mining (?) algorithm that results in pretty low throughput indices of these networks, Seele has modified this algorithm into the Matrix-Proof-of-Work (MPoW). This new algorithm is designed to prevent mining power from being concentrated in the hands of a few miners and makes Seele ASIC-resistant. Also, Seele implements the Sharding technology to reach the high throughput indices (up to 2,000 transactions per second). The project was first announced on Bitcointalk on January 25th, 2018. The public
ICO (Initial Coin Offering) (?) took place on April 3rd and raised its hard cap of 12 million USD in less than a day with the total token supply of 1 billion SEELE. It’s worth noting that only 25% of tokens were distributed in a public sale. The rest was allocated for the community airdrop, development team, mining reward, and other areas. At the time of writing, the tokens are still based on the Ethereum network, while the Seele Foundation plans to conduct the token swap and help token holders shift their coins to their own blockchain. SEELE is available for trading mainly on Huobi Global and CoinEx. The company is headquartered in San Francisco, California, with offices in Shenzhen, London, and Singapore. Maolin Zheng, CEO and Founding Member, has a diverse scientific background having worked as a Chief Scientist in financial companies since 2009. Other members of the team are all about science as well with Ph.D. in such areas as Mathematics, Physics, and Computer science.
- Exchange symbol (?): SEELE
- Cryptocurrency type (?): Token (?)
Seele for developers
Seele social sites
Source: NOMICS
