Hello steemers. Festive greetings to you all. I've come again today to share you a mind exceptional project that would blow your mind! No hype involved but certainly this project is amazing! I wonder if you have ever heard of SEYBLOCK? As a crypto lover, this might be the best post you've ever read. As we know that most of the project out there are Bitcoin and Etherum based.This project take the blockchain technology to a whole new dimension; providing solutions to basically the scalability problems in the digital world which refers to financial institutions' ability to handle increased market demands; making use of the Stellar Consensus Protocol.
The blockchain technology has turned around the market productivity of this generation, especially these recent years in several ways: making the advert medium more transparent, getting brands to target consumers, degeneralisation, transforming numerous industries by offering lower costs, heightened security and streamlined processes and lots more. it has brought lots of benefits to both businesses, investors in the financial services market, and lots if several breakthroughs. And now its gone to a whole new level with SEYBLOCK which leveraging the Stellar Consensus Protocol instead of the etherium and bitcoin Blocks which is safe, fast and reliable.
The Stellar Consensus Protocol is an anonymous and traceable transaction. Following interesting attributes, SeyBlock has a platform that will make clients and users updated on their tokens, and they also provide space for investors to talk about their tokens.
One of the major issues the crypto world has faced since the lunch of bitcoin in 2009 is Scalability. Which is as a result of limited amount of transactions the bitcoin network can process (one megabyte size) which is theorerically a maximum of 7 transactions per second.
VISION
SEYBLOCK aims to provide the best Escrow service prevent and provide people with a more trusted, faster and reliable service. SEYBLOCK will propose a peer-to-peer network using SCP to record a public history of transactions with a limited supply of 30 million coins in existence ever.
WHY SEYBLOCK MAKES USE OF STELLAR NETWORKS INSTEAD OF THAT OF THE ETHERIUM AND BITCOIN
Bitcoin and etherium are the major networks used my severalcompanies making use of combinations of technical tricks and insentives to ensure that records are accurately recorded without a central authority but as reliable as they seem, they still their insecurities, which is based on the rapid increasing numbers if it's users. That's because Ethereum for an example depends on a network of 'nodes', each of which stores the entire Ethereum transaction history
and the current 'state' of account balances, contracts and storage. This is a bulky task with the total transactions increasing with an average averagely at 10 - 12 second with particularly new block. And if the developers tries to increase increase the size if the blocks to allow more transactions, the nodes will grow larger thereby kicking users off the network. But the stellar network is capable of handling 1,000 transactions per second and transaction settlement time estimate of about 2 - 5 seconds. Damn! Astonishing, Right?
Seyblock features
GLOBAL TRANSACTION
It allows inter transactions quickly and reliably globally. With Seyblock you can connect banks, make payments and trust people all over the world without worrying about double spending issues.
RAPID EXCHANGE
An exchange on the system comprises of at least one tasks. Installments, offers, and charges are generally models of activities that could make up a single exchange
This System happens to be the quickest exchanges ever expand on the Blockchain. With 2 ~ 5 seconds for your installment to be in your wallet.
SOLUTION TO SCALABILITY PROBLEMS
The stellar network processing rate of 1000 operations per second has provided an unimaginable solution to the scalability problems affecting the blockchain.The distributed Stellar network is made up of servers running the Stellar Core software. Stellar Core maintains a local copy of the network ledger, communicating and staying synchronized with other instances of Stellar Core on the network.
SECURE TRANSACTION
A required transaction security is provides due to the fact that all transactions on the network are public, which means the movement of funds can always be audited. Each transaction is signed by whomever sent it using the Ed25519 algorithm.
CHEAP FEE
When a relatively high number of transactions are submitted, nodes submit the transactions with the highest fees for the ledger’s transaction set. The fee is only 0.00001 XLM on the overall network. Less than that of both Ethereum and Bitcoin and with also a much better transaction speed.
TOKEN DETAILS:
Token Name : Seyblock
Token Symbol : SEY
Contract : GAPRT253RYERCNGO5PLZWL7OE6YKTABK5XXZS4BFSONXXD65PM5APY6S
Decimal : 7
price : 0.78 XLM
Supply Token : 30,000,786
Price of 1 month: 0.8 US
Price 2 Months: 2.37 USD
3 Months Price: 2.70 USD
4 Months Price: 3.50 USD
5 Months Price: 4.21 USD
LISTED EXCHANGES
ROAD MAP
CONCLUSION
With all being being said above; especially With the Stellar's processing speed of 1000 operations per second, there's assurance that the vision of SEYBLOCK would be achieved with Stellar's Networks rather than Bitcoin or Etherium.
Why not be a part of this revolutionary project now!
For more information, please visit:
Website: https://seyblock.com
Whitepaper: https://www.seyblock.com/whitepaper_v1.pdf
ANN Thread: https://bitcointalk.org/index.php?topic=5065120.0
Telegram: https://t.me/seyblock
Twitter: https://twitter.com/seyblock
Facebook: https://www.facebook.com/seyblock/
AUTHOR'S DETAILS
Bitcointalk username : LEON331300
Stellar Wallet address: GA6AYEM3LQN7PFMGYXY6CHZMZIHKNT366F763SEEAEAKHTUY6RFXAUNX
