SEYBLOCK Decentralized Escrow System

Hello and welcome to my blog. On this occasion, I will review the SEYBLOCK Decentralized Escrow System project. 

A purely peer-to-peer version of electronic cash scalable and friendly to use would allow online Payments to be sent directly from one party to another without going through a financial institution. We propose a solution to the scaling problem using the Stellar Consensus Protocol (SCP).It is an anonymous transaction and traceable. Our token also have Forum where people can discuss about our token. We also have a news platform which will keep you updated about our token.

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.

The Problems with Ethereum More than any other blockchain, Ethereum was the poster child Blockchain of 2017. During all of 2017, the growth in all ETH metrics was exponential.

Transaction speed is one of the most talked about features in the world of crypto currency. The faster a blockchain, or any digital ledger technology, can process a large number of transactions, the more likely it is to become a go-to platform. For example, a platform with a fast transaction speed could challenge traditional payment companies like Visa.

BITCOIN According to Blockchain.info, Bitcoin currently processes about 3 transactions per second. Estimates show that number can go as high as 7.

ETHEREUM You can track confirmation times at ETH Gas Station, which currently estimates a 2-minute processing time.

STELLAR was forked off of the Ripple protocol in 2014, although the team says it’s made many proprietary changes to the platform since then. The crew at Stellar says the network can easily handle 1,000 transactions per second today. Transaction settlement time is estimated at 2-5 seconds.

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.

SEYBLOCK SOLUTION

 Implementing Stellar Lumens technology we make it easy to move digital assets around the world, quickly, reliably 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 SCP to record a public history of transactions with a limited supply of 30 million coins in existence ever. Our aim is to provide a global solution of the Bitcoin scalability issues. As eBTC was trying before but launching their token over Ethereum they will find also several scalability troubles. We offer the community who once believes the Satoshi's vision the following advantages.

FEATURES IN SEYBLOCK

- Fast Transactions  

- Cheap fees

- Worldwide transactions

- Powered by Stellar Lumens

- Secure payments

- Solving Scalability Issues

TOKEN DISTRIBUSI

Team: 6% tokens.

Development: 17% Tokens

Airdrops and bounty: 33% Token

Sale on Exchange: 44% Tokens

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Come To Join

For information detail visit link in below :

Website : https://www.seyblock.com/

Whitepaper : https://www.seyblock.com/whitepaper_v1.pdf

Twitter :  https://twitter.com/seyblock

Facebook : https://www.facebook.com/seyblock/

My link Bitcointalk : https://bitcointalk.org/index.php?action=profile;u=1193626

SEY Address :

GCV7BYCGVL3DVZY4RIV4WLG6QIB4TA6G6CIVLB7HACY4VSFFCBNB5UQN