SEI, SEI, SEI and SEI is on everyone’s lip, but what is SEI? A new type of ocean? Oh, a new type of crypto? Anyway, if you’re curious like myself, take a sip and read this article to the end, this will justly satisfy your curiosity and set you in the path of knowledge because you’ll get to have the orientation needed to have the fullest understanding of SEI, what SEI is cooking, and the entire SEI ecosystem.

What is SEI?

Sei is an L1 (Layer 1) blockchain built with one goal in mind: to be the new blockchain for DEXchanges across DeFi, NFTs, GameFi, SociaFi, and metaverse.

It is built with the Cosmos SDK, enabling it to be sector specific and focus on commerce, SEI aims to achieve its ambitious goals with improvements in three key areas: performance, security and interoperability.

SEI is the fastest blockchain layer1 solutions built and designed to scale with the industry.

 

Features of SEI Blockchain

1.    Highly secured

Built from the scratch with security as topmost focus and secured by the world most reputable institution and validators.

2.    Massively scalable

SEI serve as a step function change in blockchain scalability, capable of supporting the largest apps in the world

3.    The fastest blockchain

SEI infrastructure guarantees lightning-fast transactions with topmost security and stability.

4.    Brand new applications

SEI optimization makes it possible for real world new and powerful applications to emerge.

5.    Carbon neutral.

SEI foundation is committed to proper usage of energy (energy efficiency)

SEI Infrastructures.

Let’s take a dig at SEI powerful infrastructures.

1.    Unparalleled speed

2.    Security first obligation

3.    User eccentric

What's new thing that SEI offers?

With millions of users, thousands of applications, hundreds of blockchain, what’s something new or something important and key to blockchain ecosystem growth that SEI has to offer?

1.    Faster blockchain with a lower bound of 300ms

2.    Twin-turbo consensus

3.    Market based parallelization

4.    Native matching engines that exchange can leverage on

5.    Frontrunning protection.

SEI Ecosystem.

Exploring the projects that are committed to building on SEI, many NFT projects, DEFI projects, GameFi, SociaFi, digital wallets, stable coins, and lots more.

SEI ecosystem saw a rapid growth, thanks to the amazing work of the team who are dedicated to development of the fastest blockchain with frontrunning protection among others.

 

Finally, community has always been a great asset to every project and SEI community has not been found wanting, with over 665,897 members on discord channel, 529k twitter followers, over 20k members are committed ambassador, which prove that SEI progress is not only in technical view but also in the non-technical view (community-wyse)

SEI On Binance

its awesome and amazing to see projects like SEI been recognized by Binance, the world’s largest and most trusted cryptocurrency exchange.

You can commit your BNB now and earn SEI before the epic launch, don't forget that BNB vault subscribers earn Binance launchpool projects automatically, do well to put to use your BNB and earn your fair share of the SEI in the Pool

Subscribe with either or all of the following

#BNB

#TUSD

#FDUSD

 

 

 

 

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TrueUSD (TUSD) Challenges Stability of Stablecoins with Unprecedented Deviation from USD Peg

The stability of stablecoins has come into question as TrueUSD (TUSD), a prominent player in the stablecoin market, has unexpectedly deviated from its peg to the US Dollar. This surprising drop in TUSD's value to $0.9951 has sent shockwaves throughout the crypto market, undermining the established reliability of stablecoins.

TrueUSD's Value Dip and Concerns: The recent deviation from its USD peg has created uncertainty and concerns within the cryptocurrency community. Stablecoins like TUSD are traditionally relied upon for their stability, as they are pegged to traditional assets such as the US Dollar. However, the unforeseen decline in TUSD's value has raised doubts about the robustness of stablecoins as a reliable store of value.

Pause in TUSD Mints and Implications: Adding to the unease, TrueUSD announced a temporary halt in TUSD mints via Prime Trust, a regulated crypto custody specialist based in Nevada. This decision has further fueled speculation about the stability and operational integrity of TUSD. The pause in mints raises questions about the underlying reasons for this action and its potential impact on the stability and liquidity of TUSD.

Assurances from TrueUSD: In response to the concerns raised, TrueUSD issued a statement clarifying that TUSD minting and redemption services remain unaffected and will continue to operate as usual. They reassured users that their partnerships with other banking institutions remain intact, ensuring seamless transactions. However, the unexpected deviation from the USD peg and the subsequent pause in mints have inevitably cast doubts on the stability of TrueUSD and, by extension, the broader stablecoin ecosystem.

Implications for Stablecoins: The incident involving TrueUSD highlights the need for increased scrutiny and caution when relying on stablecoins for maintaining value stability in the crypto market. It serves as a reminder that stablecoins are not immune to market fluctuations and pose certain risks. This development may prompt stakeholders to reevaluate their trust in stablecoins and explore alternative strategies for mitigating volatility and preserving value in the crypto ecosystem.

Conclusion: The surprising deviation of TrueUSD from its USD peg has sent shockwaves through the crypto market, challenging the established stability of stablecoins. The pause in TUSD mints has raised concerns about its operational integrity and stability as a reliable stablecoin. This incident underscores the need for caution and further examination of stablecoin mechanisms and their role in the broader cryptocurrency landscape. As the industry evolves, stakeholders must navigate these challenges to ensure a resilient and trustworthy ecosystem.

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