Have you heard of SEOR? Well, it often follows the words blockchain, decentralized, and off-chain data. So, it goes hand-in-hand with the current digital market.
The SEOR network is an innovative solution that works for the different blockchain systems. In other words, it provides unified off-chain data. This means that the data exchange can occur smoothly no matter their “opposing” natures. To go more in-depth into this subject, we’ll start from the basics. For one, we should describe the issues SEOR aims to solve. Moreover, for latest updates join Crypto Gaming Bulls telegram channel.
What Is SEOR (SEAL-ORACLE)?
In the last ten years or so, the number of blockchains and DeFi projects increased by a lot. In this system, blockchains act as public ledgers. They record online transactions securely. Each computer that maintains this blockchain is a node in the network.
These are powerful computers that cannot alter data in any way. Hence, all data remains locked and secure when in “transit”. However, as the web spread, users soon discovered a roadblock. Scalability came at the cost of decentralization.
Blockchain applications, therefore, have size restrictions. They use a sort of “work delegation” principle, where they spread out the tasks accordingly. Each node gets a fair share of all transactions. In that way, even the smaller nodes can keep up the pace. So, the blockchain has its capabilities in mind. As a result, they preserve this decentralized system.
Decentralized trust is key to public chains. That’s why these platforms block all external or off-chain data. In other words, they don’t “trust” it. That is a result of the absence of a verified consensus. Blockchains rely on such sources before the data-transferring. This means that nothing happens without a consensus. If we were to eliminate that rule, we’d introduce high levels of risk.
Therefore, newer systems look for alternatives. There needs to be a way to increase transactions while retaining decentralization and security. But, the current fundamentals come with a built-in failsafe. Yet, it somewhat adds to its own ineffectiveness. Since every node in the system must verify the data, it is a layered process. That’s why sometimes, even the simplest tasks may take too long.
Predictive machines are currently in use to work around this issue. They act as a gateway to all external data. In practice, they collect and verify the data. Next, they might categorize the block as “trusted” and allow it entry. As such, they’re effective in preserving the network. However, they are only available as third-party services. They are, therefore, centralized and not part of the blockchain system.
What Is SEOR Doing To Solve This Problem?
Using the internet as an inspiration, SEOR’s Seal-Oracle looks to introduce a similar hierarchical structure to blockchains. The internet is a decentralized model if you think about it. Millions of people participate, but no one governs with it.
Everyone has access to information just as everyone can create information. The layers work together and form a cycle. To achieve this in blockchain, we must presume the existence of more than one layer. This means changing the design of a blockchain protocol. Currently, they support a single layer only.
SEOR proposes two layers. The first layer will focus on security, consensus, storage of data, and value. The second layer will be data calculation and value transmission. Thus, if transactions occur in the second layer, you will be able to avoid the node limitations of the first layer. Due to the connection between the nodes in the second layer, transactions can freely occur. In turn, the data flows fluently and without hindrance. Thus, the whole system receives a boost.
What SEOR aims to do is bridge the different layers. This will expand the practical utility of blockchains. Soon, there’ll be fewer and fewer connections that can upset the entire system. To that end, SEOR will utilize predictive machine protocols to link external data to a blockchain. This will increase the number of trusted data, thus allowing for more collaborations.
SEOR will also have an appropriate consensus algorithm. Such a setting will promote efficacy in the data verification steps. All that makes the cross-chain and off-chain apps compatible.
Due to all these reasons, SEOR is receiving various partnership offers, for instance, Cryptominati Capital recently tweeted about their collaboration with Seal-Oracle.
Key Features of SEOR Seal:
Several key features allow SEOR’s Seal-Oracle to perform this task. The first of which is XaaS. This is a cloud-based service platform for blockchains. It offers a work-around for those pairing the blockchain technology with the distributed applications (or Dapps). In short, XaaS will enable easy and reliable data exchange.
Next, there is the Lightweight Oracle Network (or LON). There are three modules associated with LON architecture. These are The Oracle Mainland, Oracle Collecting Microservice, and Oracle Data Microservice. These work together to provide support when verifying data.
They are also able to store that verification. In other words, LON acts as a built-in predictive machine. This eliminates the need for third-party services. It is through LON technology that Oracle data collection and collation are possible. These layers sum up in a decentralized but also highly secure network.
There is also cross-chain governance that can support multiple chains. Usually, in a blockchain, a single set of rules exist. These rules only apply to that specific blockchain. Cross-chain governance will mean that multiple blockchains can access these rules.
Seal-Oracle also uses a hybrid consensus algorithm. It combines four different algorithms to ensure that data is reliable and secure.
Final Thoughts: Is It The Best Data Platform To Link Reality?
The advent of numerous blockchain platforms resulted in a few caveats as well. As evident with the segregation of various data transfers. Because we aimed to preserve the system’s security, we ended up with robust verification protocols. Given how often these processes take place, they impede the flow of information.
This is why there is a need for the SEOR Seal-Oracle network. It provides a data protocol that unifies off-chain data so that different blockchains can use it. SEOR aims to bridge the layers involved in blockchain systems. The technologies used can facilitate seamless data exchange while maintaining security and decentralization. So, what is SEOR? It is the future of blockchain technology.