What problem does this service solve?

Seele wants to create a blockchain ecosystem comprised of subnets that operate independently, but will have cross-chain capabilities.IRISnet's goal is to enable the development of decentralized business applications that work across different blockchain networks.

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Company Description

Seele is developing a blockchain ecosystem that will consist of subnets optimized for different use cases. Seele's Forest Network will have subnets that will operate independently and can interact with each other through cross-chain and cross-domain protocols. Seele has a neural consensus algorithm that was inspired by the inner workings of the human brain. It asynchronously processes and sorts data in a large-scale decentralized environment, using ε-differential agreements to allow all nodes within a network to reach consensus. Compared to existing consensus algorithms, it ensures greater fault-tolerance and is significantly more efficient. Its performance also scales linearly as network size increases, allowing it to be widely adaptable to many different use cases.

IRISnet is a blockchain network that is built on top of Cosmos. It aims to enable the integration of off-chain computing, as well as greater inter-operability across blockchain networks. IRISnet uses the Tendermint protocol as a consensus mechanism.

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