SEYBLOCK
INTRODUCTION
Scalability issues has been around since the launch of Bitcoin in 2009. It exists because of the Limits of the maximum amount of transactions the Bitcoin network can process. It is a consequence of the fact that blocks in the blockchain are limited to one megabyte in Size. So, the current blockchain size is 1 MB, the blockchain scalability problem takes place to Be. Bitcoin blocks carry the transactions on the Bitcoin network since the last block has been Created. In contrast to Visa's peak of 47,000 transactions per second, the Bitcoin network'sInvest with our Seyblock
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WHY DO WE ARE NOT USING EHTEREUM OR BITCOIN TECHNOLOGY?
Ethereum and Bitcoin use a combination of technical tricks and incentives to ensure that they accurately record who owns what without a central authority. The problem is, it's tricky to preserve this balance while also growing the number of users (Especially to the point where people average can use the system to purchase coffee or run Applications). That's because Ethereum 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 obviously a cumbersome task, especially since the total number of Transactions is increasing approximately every 10–12 seconds with each new block. The worry is that, if developers raise the size of each block to fit more transactions, the data that a node will need to store will grow larger effectively kicking people off the network. If each node grows large enough, only a few large companies will have the resources to run them.
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Worldwide transactions
Moving money across borders quickly, reliably, and for fractions of a penny never has been too easy with Seyblock. Now we can connect banks, making payments and trusting people all over the world without worrying about double spending issues.
Powered by Stellar Lumens
While Bitcoin and Ethereum are facing large scalability issues Stellar came across with a solution triggering one of the most impressive growing in the Blockchain industry with the Stellar Consensus Protocol (SCP) Seyblock can acomplished
Fast transactions
EOver the Stellar Network happens the fastest transactions ever build on the Blockchain. 2 ~ 5 seconds and your payment will be on your wallet. A transaction on the network consists of one or more operations. Payments, offers, and fees are all examples of operations that could make up a single transaction.
Small cost fee
If too many transactions are submitted, nodes propose the transactions with the highest fees for the ledger’s transaction set. The consequence is just 0.00001 xlm fee on the overall network. Less than both Ethereum and Bitcoin and with also a much better transaction speed.
Secure payments
Stellar uses industry-standard public-key cryptography tools and techniques, which means the code is well tested and well understood. 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.
Solving Scalability Issues
A conservative estimate of Seyblock processing rate is 1000 operations per second. 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 in sync with other instances of Stellar Core on the network.
TOKEN DISTRIBUTION
We are not doing probably an ICO. We are going directly on exchanges with the time we will develop our new services and new platforms which is given below in a roadmap.
CONCLUSION: Blockchain technology can play a significant role in disrupting the fin-tech industry, the way we make transactions and Ethereum in particular provides a host of opportunities with its applications. However, the slow transaction speed which is largely due to the processes involved in functioning of Ethereum blockchain while ensuring the decentralized nature of the platform is a major issue that has to be identified to the core with crypto currencies gaining popularity amongst individual and group investors the traffic and congestion on Ethereum blockchain will further increase. Also, with smart contracts startups and businesses are creating their own tokens to raise funds through their ICOs. This calls for faster transaction verification and processing to make the blockchain and businesses relying on the technology scalable and sustainable. While some research and innovative solution to this crisis is convincing it is yet to be thoroughly tested. Further research is required to explore the possibilities and performance of the proposed solutions.
author:
rivaldo2020
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https://bitcointalk.org/index.php?action=profile;u=2051385
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