Currently, you may often hear that Blockchain is a solution that can solve various problems. Some of you may even choose to invest in certain altcoins that you think have a good project prospect. It’s no wonder there are so many Initial Coin Offering (called ICO) in many projects. Unfortunately the more here ICO is often used as an arena as a fundraiser without a good business plan. Even many of the companies or startups who do ICO is just a scam investment.
People’s ignorance of what blockchain technology is often the beginning of why many of them suffer losses. It is basically the application of blockchain can be done in various industries. Today almost all industries already have startups that work on their projects by utilizing blockchain technology. This is all similar to what happened during the industrial revolution a few decades ago. Businesses in droves use machines instead of workers. Because at that time the machine is considered more effective and economical than human power. But until now human involvement is still needed by the industry, although with different tasks.
This is exactly the same as what happens in current blockchain technology. The development and application of blockchain technology in various industries, in fact, little by little even expose a problem that previously may not have been realized. These problems include blockchain not yet applicable for large-scale performance, not yet applicable to some possible business scenarios, as well as the inability of blockchain to exchange information and assets between different blockchain platforms.
- Proposed a network architecture called Heterogeneous Forest (HF) Network architecture and 4 Neural Consensus Algorithm.
- Proposed Value Transfer Protocol (VTP) and Value HTTP (VHTTP) to solve naming and addressing problems. And integrate blockchain technology with Internet Resources that already exist today.
- Quick Value Connected Internet Connection to resolve connectivity, latency, and security issues.
Heterogeneous Forest (HF) Network Architecture and Neural Consensus Algorithm
Currently, some applications of blockchain such as Ethereum and Bitcoin still use single chain structure. The advantage of single chain structure is a relatively simple process. However, single chain structure also has some disadvantages such as there are bottlenecks on throughput and performance, Intra-chain business interferes with one another, and cannot be applied between platforms. Maybe you think then why not converted into multiple parallel chains? Well, if anyone offers a solution it will cause other problems. This is because in multiple parallel-chain every function will be configured first, so it will still be difficult in the face of changes in the business world is very dynamic. In addition, the bottleneck problem will also not be resolved, because bottlenecks may still occur on the central/main chain structure.
The solution offered by Seele is the so-called Heterogeneous Forest (HF) Network architecture. Where this network architecture consists of several subnet sets. In each subnet can have branches that oversee the industry or related institutions. In the future application of this subnet will resemble a tree, and if all subnets (whole trees of various kinds) gather in an ecosystem that is called Meta Blockchain (that’s why it is named Heterogeneous Forest Network).
The architecture will be very possible to connect one blockchain platform with another blockchain. Because it is impossible if the whole world is only using a single chain considering the differences in each region, country, and company.
Proposed Value Transfer Protocol (VTP) and Value HTTP (VHTTP)
For those of you who are familiar enough with the world of crypto may know how a user address. The user address consists of a series of irregular strings (like this: 33YV5wC11kF67AuGSwTpUSpDTHBPTS4qDh). Not only bitcoin but also Ethereum and other platforms.
Seele offers VTP where later naming will be made easier with the new naming. Maybe you’ve been aware of the code in a phone where there is a country code, area code, and unique number that you have. The way it works almost resembles just that the existing entities may be a little different like Chains, Subchains, levels, accounts, and data. This will certainly make crypto easier for future use.
While VHTTP will make it easier for access between different chains. How it works similar to if you work with a platform created by Google, you can also access other platforms created by Facebook or Amazon via HTTP.
Quick Value Internet Connection
Do you realize the previously mentioned bottlenecks problem can cause other problems such as high latency rate, package loss, and security issues? Offered by Seele is with QVIC framework (see picture below).
After experimenting with 50 machines in various locations in the world, the protocol has greatly improved the transmission rate, and the speedup ratio has reached 500% for 1GB data transmission.
Okay, that’s a glimpse of information that might give you new insight about current Blockchain Technology issues. The blockchain is a new technology so if it is reasonable if done to the update to the better.
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