Good day everyone! Today let's talk a little about a new promising project called Sei!
The project was born in 2018, when the developers came up with the idea of creating the necessary decentralized financial system with high transaction speed, transaction security and access to new financial instruments. Sei developers are Andreas Harvaldsen, Alexander Sandler Tobias Otwik, Jayendra Jog and Philip Su according to Linkedin.
Sei Network is a L1 blockchain that provides a wide range of services using unique technologies and innovative approaches. Sei blockchain is designed to create DEX and is not inferior to the throughput of centralized exchanges. Sei is built on the Cosmos ecosystem, which is based on the CLOB protocol. So one of the main goals of Sei is to create a better infrastructure for DeFi. What are the advantages of Sei?
Safety. Sei uses security technologies like encryption and signatures to protect transactions and assets. All this works on the basis of the Proof of Stake (PoS) mechanism. Sei also provides lead protection - it fights against malicious anticipation, which is widespread in other ecosystems.
Speed. Sei offers the processing of transactions in the market with a speed of 300 ms. And at the same time, users have full control over their data.
Scaling. Sei allows you to process large volumes of transactions without problems. Sei uses sharding technology. This is the process by which the blockchain is divided into smaller, more manageable pieces, allowing for faster and more reliable transactions.
Consolidation of orders. Sei uses two levels of order consolidation. In the first case, market makers can send multiple orders within a single transaction, thereby reducing gas costs. The second level includes an order pooling algorithm: all orders for the same market are executed together by a smart contract, which leads to the initialization of only one virtual machine and an increase in throughput.
Proprietary order matching engine - provides scalability to the order book DEX built on Sei.
Access to a wide range of services and resources. This means that Sei provides users with access to various online tools and services (tools, databases for development and research).
Ease of use and flexibility - the ecosystem is simple, accessible and easy to use even for beginners.
The ecosystem has its own native Sei token. With its help, users will be able to get all the desired services and resources that are provided by the ecosystem.
Sei Network is a revolutionary blockchain that definately has a great future! Using new ideas and introducing advanced technologies into the ecosystem, Sei is taking a big step in this area. If you haven’t heard about this project yet, I advise you to become a member of Sei! If you are already in the project community, then you are on the right track.
More information you can find on the links below. Good luck!
Website: https://www.sei.io/
Twitter: https://twitter.com/SeiNetwork
Discord: https://discord.com/invite/sei
Telegram: https://t.me/seinetwork
Blog: https://blog.seinetwork.io/
GitHub: https://github.com/sei-protocol