Blockchain technology has been evolving rapidly - from the originally slow Bitcoin protocol to the third generation of blockchain with much higher scalability and speed. Each generation of blockchain has its own distinguishing features that determine its usability and integrability into business processes.
At genEOS, we aim to create a blockchain 4.0 that overcomes obstacles faced by previous generations, yet maintaining their major improvements and advantages, and delivers blockchain as a business-usable environment for creating and running applications, bringing the technology fully mainstream.
We believe that a blockchain 4.0 environment should have the following features:
very low latency of transactions and the potential for parallel performance across multiple CPUs, for rapid function and unlimited scaling
delegated Proof of Stake structure for producing new blocks, to create a blockchain structure that maximizes real-world decentralization
exponentially accelerated processing and transaction speeds that enable to create a platform that lets Dapps rival standard web apps for speed and versatility, while maintaining the unique security and other advantages of blockchain technology
an operating system-like construct upon which applications can be built. It provides accounts, authentication, databases, asynchronous communication and the scheduling of applications across multiple CPU cores and/or clusters
Seele may have its own vision of blockchain 4.0 as it is determined by the projects creators.
To find out what differences and similarities the two projects have, please visit the official genEOS website geneos.io.
We will be happy to answer any other questions you may have about genEOS.