Seele is one of the projects that has attracted many developers and people who are tracking the blockchain industry as it creates solutions that can be safely and efficiently refined and further refine Blockchain. When using existing blogs like Bitcoin, Ethereum, and Eos, I like the various aspects of Seele, and today I want to focus on its Tokenometric system.
Use of Seele Tokens
One of the features I want to focus on is Seele's economics and how tokens work. We all know that many projects have plans to expand their capabilities and optimize the system. But there is no real idea how that can be done, but fortunately, Seele has a consistent plan and algorithm. And with the amazing feature of having more nodes in the network, consensus is more efficient and less time-consuming to commit transactions.
To clarify. If more people join Seele's network, Seele's networking work will be faster, so Seele applies a token-based mechanism. The use of the first token will yield a return to the node participating in Seele's network, and the second is to charge the transaction fee. Charges are used to reward the relevant node.
Incentive system
The essence of the incentive system is resource allocation: how to improve the utilization of resources under limited resources with the main block will provide a fixed return to prevent the node as a means of issuing currency. In addition, transaction fees are used as incentives. In these systems, people often have money in their pocket and in terms of fairness, they are certainly not equal.
SeeleTech uses a hierarchical incentive mechanism that emphasizes participation and importance. Seele requires people to join and use the network because the node is larger and more stable. System and performance are higher. So all the nodes that join will be rewarded.
There is also an incentive to create a value for the blog, which each time a node creates a blog, the system will reward those who make the blog with a given sequence based on the value of the transaction package. The type of transaction is different.
The transaction fee of Seele's network is similar to that of Ethereum, but the cost of gas is dynamically adjusted according to the system's working status to ensure certain fairness.
conclusion
Seele's token system was created to be effective. Make nodes that connect to the network do not slow down their network. Conversely: Networks work better when more users are available. Seele seeks to bring fairness and efficiency to the stimulus system, and they are working hard to achieve their goals. The real results will soon be seen when Testnet is due out later this month, and Mainnet will come out shortly in 2018. This year is a good year for Seele, and it looks like they will make momentum. Go in the next year.
Website: https://seele.pro
TELEGRAM: https://t.me/seeletech
TWITTER: https://twitter.com/SeeleTech
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