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.The Kava CDP is designed to provide cryptocurrency holders more options to leverage their assets.

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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.

The Kava token fuels the Kava.io cross-chain collateralized debt platform. Kava’s multi collateral CDP system allows users to collateralize a variety of assets so that they can increase their exposure to favorable trading conditions in volatile markets. The Kava platform is secured by over 100 validators and uses the Tendermint consensus algorithm.

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