Introduction
Scalability issues had been aroud since the launch of Bitcoin in 2009. It exist because of the limits of the maximum amount of transaction 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 netwrok since the last block has been created. In contrast to Visa's peak of 47,000 transaction pr second, the Bitcoin networks theoretical maximum capacity sits at under 7 transaction per second.
Vision
The Vision is provide the best Escrow services to prevent scams and provide people with better has also a lot troubles regarding Scalability.
Why Do We Are Not Using Ethereum or Bitcoin Technology ?
Ethereum and Bitcoin use a combination of technical tricks and incentives to enusre that they acuurately record who owns without a central authority. The problem is, it's tricky to preserve this balance while also growing the number of user (Especially to the point where people average can use the system to purchase coffe or run Applications). That's becasue 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 abviously 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 transaction, 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 resource to run them.
Despite the inconvenience, running a full nodes is the best way of users to take advantages of privacy and Security. Making full nodes more difficult to run would further limit the number of People that can verify transactions themeselves. In others words, decentralization and scalability are currently at odds, but developers are looking for ways around this.
Stellar's Proposal
While Bitcoin and Ethereum cannot handle considerably number of transaction per second threfore being a sustainable and futuristic monetary option, Stelar came across with an intelligent concept where scalability issues can be taken to the next level.
Handling over 2000 transaction per second we believeStellar offer us the chance of implement the vision of Satoshi's under Stellar Blockchain. Stellar.org is accepting proposal from leading organizations that are bulding on the Stellar netwrok to improve the global financial landscape and promote financial inclusion. To incentivize our partners and rewards network development, we will award select partners a significant lumen grant to ensure that they are co-beneficaries of network growth.
Exceptional organizations who develop and products and services that are cucially important to the Stellar Network may receive up to $2.000.000 USD worth of lumens per grant (based on price of lumens at the daat of grant). There are two phase to the grant award; the allocation and the award. When an organization is choosen for the program, the grant amount is set aside in lumens in an escrow account. This is the allocation. All grants are subject to the achievements of milestones and multi-year vesting. If an when these milestones and vesting requirements are met, then the allocated amount will be distributed to the organization. this is the award.
To encourage the develoment of robust activity in the Stellar ecosystem, the Stelar Devellopment Foundation has allocated 25 billiion total lumens to this program to incentivize institutions who make an exceptional impact. As started achievements of measurable milestones.
Stellar Lumens Blockchain
The Stellar Consensus Protocol (SCP), a construction for FBA. Like all Byzantine agreement protocols, SCP make no assumptions about the rational behaviour of attackers. Unlike prior byzantine agreements models, which preuppose a unanimously accpeted membership list, SCP enjoys open memebership that promotes organic network growth. Compared to decentralized proof of-work and proof-of-stake schemes, SCP has modest computing and financial requirements, lowering the barrier to netry and potentially opening up financial systems to new participants.
The Seyblock Solution
Implementing Stellar Lumens technology we make it easy to move digital assets around the world, quickly and also empowering the true vision of Satoshi's some our own platforms views to make crypto/digital currencies even more stronger.
We propose a peer-to-peer network using to record SCP to record a public history of transaction with a limited supply of 30 million coins in existence ever.
Our aim is to provide a global solution the Bitcoin scalability issues. As eBTC was trying before but launching their tkoen over Ethereum they will find also several scalability troubles. We offer the community who once beleives the Satoshi's vision the following advantages:
Supply Of Seyblock
- Seyblock, SBL : 30 Million Tokens
- Team : 6% Tokens
- Development : 17% Tokens
- Airdrops and bounty : 33% Tokens
- Token Sales and Exchange : 44% Tokens
Features in Seyblock
- Fast Transactions
- Cheap fees
- Worlwide transactions
- Powered by Stellar Lumens\Secure payments
- Solving Scalability Issues
MORE INFORMATION
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Created by : 15persenlucky
Profile link : https://bitcointalk.org/index.php?action=profile;u=1210666
SEY address :
GCEZIHU5PKKKLJUVDDM4L25MLUYCOSVNKO2XTOJS6RD4MVKVEA5XCDC7
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