Sei Network provides fast solutions for financial applications, focusing on scalability and reliability. What technologies make it so outstanding?
What is Sei Network?
Sei Network is a blockchain platform aimed at financial applications. It brands itself as the fastest Layer 1 chain. Its main appeal lies in its ability to process multiple transactions simultaneously, increasing network throughput. To achieve such results, the Sei team uses the Cosmos SDK and EVM compatibility.
Four Improvements by Sei
Sei Network has implemented four key optimizations: - Twin Turbo Consensus offers fast finality. - Optimistic Parallelization allows parallel processing in Ethereum apps. - SeiDB manages data storage and interactions. - Interoperable EVM allows existing Ethereum apps to deploy on Sei without changes.
$SEI: Token and Its Prospects
The $SEI token was launched in August 2023 with a total supply of 10 billion tokens, 4.6 billion of which are currently in circulation. Its current price is 20 cents. The World Liberty Financial platform recently purchased $SEI worth $100k, reflecting interest from major investors.
Sei Network offers significant improvements in speed and scalability. Its developments can have a substantial impact on the decentralized finance technology market.
