Sequence(SEQ) poised to shield the BDAP protocol, adding further utility to the blockchain.
Sequence will support and secure the revolutionary low-cost ecosystem created by BDAP, utilizing its distributed database system to build decentralized applications.
What Does the Future HODL?
Duality Blockchain Solutions emphasized previously about the use of Dynamic with respect to our upcoming blockchain services based on BDAP℠ such as pShare and pSign. But now we would like to announce that Sequence will also play an important role in the upcoming BaaS (Blockchain As A Service) applications. Sequence will provide second tier validation for all of our blockchain transactions and in-turn secure the data stored on our blockchain. That being said, the use of the Sequence blockchain for upcoming BaaS services will result in an increase of transaction volume, which will lead to a slight deflation of the token supply as all transaction fees do not go to miners and are subsequently removed from supply.
One Million Blocks and Counting
Sequence has proven to be one of the more resilient cryptocurrencies that continues to operate to this day; recently surpassing its one millionth block on the 27th of September at 10:47:37 UTC(Coordinated Universal Time). When factoring in the possibilities of forking and other issues, one million validated blocks is no small feat. The upcoming Sequence version 1.3 has fixes for staking which include a soft-fork which will steer us steadily towards our two millionth block and beyond.
Token Statistics
Two important factors regarding Sequence; the fact that the token has a supply of approximately 46.1 million tokens in circulation at the time of this writing, alongside a global inflation rate of around 2.2%. These two facts alone make it stand out amongst other PoS(Proof of Stake) tokens; in which high premines and ridiculously high inflation rates diminish their token’s value.
What’s at Stake?
Sequence is a PoS token, expensive equipment such as a graphics card(GPU) or ASIC(application-specific integrated circuit) is not needed to participate. To join in you just need a computer that meets the minimum staking requirements (even a Raspberry Pi will do) and have an internet connection, which makes it very easy for anyone interested in entering the blockchain space to get involved and help further secure the Sequence network.
Work Continues
Through continued work of Duality and contribution from users, Sequence has continued and will continue to be resilient throughout the years. More details as development progresses will follow, stay tuned!
Be a part of the blockchain revolution and acquire Sequence(SEQ) via Bittrex today and join us on Discord & Telegram!
Useful Links:
Duality Winter Update
https://medium.com/@duality.chain/duality-winter-2018-update-72d340ddf757
Main Website
https://duality.solutions/
Twitter
https://twitter.com/DualityOfficial
