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Sei gained enough attention in recent times, which elevated the prices by more than 600% to reach above $1. However, the rally turned in favour of the bears for a while and continued to trade sideways for a while. This has been an indication of the bulls and bears maintaining equal strength as they continue to defend their respective resistance and support levels. After undergoing extreme compression, the SEI price may break out again and begin with a fresh upswing soon.
$SEI $ETH $BTC
$SEI $ETH $BTC
SEI NETWORK V2 first parallelized EVM #pyth
Today marks the deployment of Pyth Price Feeds and Entropy on @SeiNetwork V2, the first parallelized EVM. Learn more about this integration below: ℹ️ About Sei V2 Sei is a general-purpose, open-source Layer 1 blockchain specialized for the exchange of digital assets. The V2 update for Sei makes it the first parallelized EVM. Serving as a new scaling approach for the Ethereum ecosystem while achieving faster speed. After launching in 2022, Sei has grown its ecosystem with teams from Ethereum, Solana, Polygon, Arbitrum, and others deploying soon. 🔮 Price Feeds and Entropy on Sei After launching Pyth Price Feeds on Sei mainnet in August 2023 and securing most of the Sei ecosystem’s DeFi value, Pyth’s 500+ real-time feeds will now expand to developers on Sei V2. Pyth Entropy, a reliable and secure source of randomness on-chain, is also now available on Sei V2. Entropy will help power Web3 gaming, prediction markets, and NFTs in the Sei V2 ecosystem. Explore the Sei V2 who are already tapping into Pyth Data: - @aeroscraper — a decentralized borrow-lending allowing users to deposit collateral and get loans in stablecoins pegged to US dollars. - @Kryptonite_fi — a premier Sei liquid staking platform, with an integrated money market to earn compounded interest on Sei while accessing leverage. - @jlyvrs — the ultimate DeFi ecosystem and Balancer's exclusive partner.
$SEI $ETH $PYTH
$SEI $ETH $PYTH
Sei Became the Fastest Blockchain: Twin Turbo Consensus
In reality the lifecycle of a transaction is more complex, however we can see that the most significant time is taken by consensus. The complexity of it comes down to a few portions:
1. Transaction Creation / Submission (negligible time)
2. Mempool (1-N seconds, highly variable)
3. Block Proposal (negligible time)
4. Attestation and Block Building (~12 seconds)
5. Block Finalization (minutes to hours)
The fourth step here is the main focus of this blog post - consensus. On Ethereum, the process of validators attesting and building out a block takes 12 seconds in total.
In the case of Sei, Sei Labs opted for a different consensus mechanism to Ethereum, known as “tendermint consensus”, which has a 6 second block time.
1. Transaction Creation / Submission (negligible time)
2. Mempool (1-N seconds, highly variable)
3. Block Proposal (negligible time)
4. Attestation and Block Building (~12 seconds)
5. Block Finalization (minutes to hours)
The fourth step here is the main focus of this blog post - consensus. On Ethereum, the process of validators attesting and building out a block takes 12 seconds in total.
In the case of Sei, Sei Labs opted for a different consensus mechanism to Ethereum, known as “tendermint consensus”, which has a 6 second block time.
Binance Announces Updates for #sei and Kadena Networks 🟢🟢🚀🚀🚀
Cryptocurrency exchange Binance informed its users today about two altcoins. The cryptocurrencies mentioned are Sei (SEI) and Kadena (KDA). Let’s look at the details of Binance’s announcement.
Binance Announces Sei (SEI) and Kadena (KDA) Updates
In the announcement by Binance, it was stated that from May 27, 2024, at 17:00 Turkey time, deposit and withdrawal transactions for tokens on the Sei (SEI) network will be suspended to support the network upgrade for the best user experience. Accordingly, the network upgrade will occur at block height 79.123.881 or approximately at 18:00 Turkey time on May 27, 2024
The Kadena (KDA) network upgrade and hard fork will occur at block height 4.819.246 or approximately at 03:00 Turkey time on May 30, 2024. Binance will suspend deposit and withdrawal transactions for tokens on the Kadena (KDA) network at 02:00 Turkey time on May 30, 2024.
What Are the Other Details?
Informing its users about other details, Binance stated that the trading of tokens on the mentioned networks will not be affected.
Binance also emphasized that it will meet all relevant technical requirements for all users. Deposit and withdrawal transactions for tokens on the aforementioned networks will reopen once the upgraded network is deemed stable. Additionally, no further announcement will be made.$SEI
Cryptocurrency exchange Binance informed its users today about two altcoins. The cryptocurrencies mentioned are Sei (SEI) and Kadena (KDA). Let’s look at the details of Binance’s announcement.
Binance Announces Sei (SEI) and Kadena (KDA) Updates
In the announcement by Binance, it was stated that from May 27, 2024, at 17:00 Turkey time, deposit and withdrawal transactions for tokens on the Sei (SEI) network will be suspended to support the network upgrade for the best user experience. Accordingly, the network upgrade will occur at block height 79.123.881 or approximately at 18:00 Turkey time on May 27, 2024
The Kadena (KDA) network upgrade and hard fork will occur at block height 4.819.246 or approximately at 03:00 Turkey time on May 30, 2024. Binance will suspend deposit and withdrawal transactions for tokens on the Kadena (KDA) network at 02:00 Turkey time on May 30, 2024.
What Are the Other Details?
Informing its users about other details, Binance stated that the trading of tokens on the mentioned networks will not be affected.
Binance also emphasized that it will meet all relevant technical requirements for all users. Deposit and withdrawal transactions for tokens on the aforementioned networks will reopen once the upgraded network is deemed stable. Additionally, no further announcement will be made.$SEI