To begin with, Sei Blockchain is a Layer1 blockchain designed for trading. The team has developed such conditions so that you will be more comfortable working with decentralized exchanges, and the exchanges work efficiently and without errors.
Sailors believe that decentralized exchanges are now under-optimized and neglected. But they are some of the most important applications for any blockchain and project, which requires a unique approach to development, reliability. They must be scalable and have proper speed, because mistakes in their operation can lead to disaster and loss of users' money.
To prevent this, the Sei team developed the following things:
Twin-Turbo Consensus: intelligent block propagation + optimistic block processing
Native order matching engine: driving scalability for orderbook DEXs on Sei
Breaking Tendermint: Sei is the fastest chain to finality at 600ms
DeFi-specific parallelization: massively increases throughput and order processing
With these developments, Sei's blockchain bridges the performance gap between centralized and decentralized exchanges and solves such problems of decentralized exchanges as: unscalability, congestion, slow speed!
In addition, Sei is a unique blockchain. Most Layer1 fall into two extremes - with general-purpose chains at one end like Solana or Ethereum and application-specific chains at the other like dYdX or Osmosis. Sailors' blockchain produces an opening in the design space between them, not general-purpose or app-specific, but sector-specific, which enables Sei to create an environment custom-built for DEX applications.
Sei is built using the Cosmos SDK and Tendermint Core. Why Cosmos? It is easy to customize and modular. That is, it allows Sei to design the entire end-to-end blockchain flow and gives teams a platform to collaborate on consensus and application layers and allows to update or replace any individual stack layer.
Sei also has an Oracle module to support asset exchange rate pricing for use by other modules and contracts. Oracle is needed for greater reliability and accurate asset pricing. Before exchange rates can be accepted as true, there are rounds of voting, which consist of several steps. This ensures the integrity of the data.
Yes, due to its features, Sei is becoming a decentralized exchange like NASDAQ! With this network, new financial products can appear - from real-time sports betting, to sophisticated options and futures - and it won't be that hard to do, because Sei has its own DEX module, which allows smart contracts to use a basic order-matching mechanism.
Sei has a shared liquidity model, which will allow DeFi applications that connect to Sei to access pooled liquidity from other applications.
The management involves ordinary users, i.e. us.
We can create new governance offers, which will start in the deposit period and will be transferred to the voting period after the minimum deposit amount is reached
We can delegate tokens to validators, choosing which validators we want to give tokens to and then receive a portion of the fees the validator receives for active validation. You can read more about delegating here
Finally, we can participate in voting, the basis of which is taken from the standard Cosmos module
Sei has seen investment from funds such as Multicoin Capital with participation from Coinbase Ventures, Delphi Digital, Hudson River Trading, GSR, Hypersphere, Flow Traders, Kronos Research and the founders of Anchorage, Frax, Yield Guild Games, and Tangent.
It also recently announced an investment from MEXC! You can read more about investing in the project in these articles: 1, 2, 3.
This is no accident, because already many teams from Solana, Polygon, AVAX, Terra, Polkadot, NEAR, and other ecosystems are developing on Sei over the main network!
Sei Social Media: Website | Twitter | Discord | Medium | Telegram | Github
Stay tuned as my next articles will be about how to get involved in developing the Sei project and get rewards for it!
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