What Is SEI Cryptocurrency?
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High-Speed Transactions:
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Sei is one of the fastest blockchains, boasting a block finality time of approximately 400 milliseconds and a theoretical capacity of up to 12,500 transactions per second (TPS). This speed makes it ideal for high-frequency trading, real-time digital exchanges, and Web2-like user experiences.
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The Twin-Turbo Consensus mechanism, an evolution of the Tendermint consensus, combines intelligent block propagation and optimistic block processing to reduce latency and increase throughput.
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Parallelized Ethereum Virtual Machine (EVM):
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Sei V2 introduced a parallelized EVM, making it the first Layer 1 blockchain to combine Ethereum compatibility with parallel transaction processing. This allows developers to deploy Ethereum-based applications with minimal changes while benefiting from Sei’s performance improvements.
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The Parallel Stack framework supports the development of Layer 2 solutions and rollups, enhancing scalability and reducing fees.
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DeFi and Trading Optimization:
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Sei is the first sector-specific Layer 1 blockchain tailored for trading, offering a native order-matching engine and built-in central limit order book (CLOB) to provide shared liquidity for DeFi applications.
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Features like order batching help prevent frontrunning, ensuring fair execution of market orders.
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Interoperability:
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Built on the Cosmos SDK, Sei is fully interoperable with the Cosmos ecosystem via the Inter-Blockchain Communication (IBC) protocol, enabling seamless asset transfers across IBC-compatible chains.
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Sei supports both EVM and CosmWasm, bridging Ethereum and Cosmos ecosystems, which enhances developer flexibility.
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SeiDB:
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SeiDB is an optimized database solution that handles high-speed transaction processing, reducing state bloat and enabling rapid state synchronization for node operators.
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Sustainability:
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Sei is committed to carbon neutrality, aligning with the growing trend of environmentally conscious blockchain development.
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Transaction Fees: SEI is used to pay gas fees for on-chain activities, ensuring low-cost and efficient transactions.
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Staking: Users can stake SEI to secure the network and earn rewards, supporting the DPoS consensus mechanism.
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Governance: SEI holders can participate in network governance, influencing the platform’s development and policies.
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Collateral: SEI can be used as collateral for DeFi activities like lending and borrowing.
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Tipping Validators: Users can tip validators with SEI to encourage efficient transaction processing.