Fast, efficient, and optimized for all types of trading apps, #SeiNetwork has made a name for itself as the fastest L1 blockchain in the market 🚀.
Boasting a lower bound of 300ms and an upper bound of 20,000 OPS, Sei's infrastructure focuses on unparalleled speed and efficiency.
Key Takeaways 🗝️
Sei is an open-source L1 blockchain, specialized for trading.
Sei claims to be the best choice for any trading app - DeFi DEX, #NFT marketplace, or gaming DEX.
Native order-matching engine in the L1 enables exchange apps built on Sei to scale beyond other L1 networks.
Sei’s Twin Turbo consensus comprises intelligent block propagation and optimistic block processing, aimed at decreasing consensus time.
Sei employs market-based parallelization, different from #Solana and Aptos, and supports order batching to prevent frontrunning.
Why Sei? 💡
The #Sei Labs team sees exchanges as the most crucial application in the crypto industry, forming the basis for most crypto products.
However, they believe that existing L1 infrastructure limits the scalability of Decentralized Exchanges (DEXs), due to a lack of throughput and long finality times.
This is where Sei comes in. Optimized for any type of trading app, Sei aims to solve the scalability problem, offering superior performance on its network over other L1s.
How Sei Works? 🔧
Sei's success lies in its on-chain order-matching module, Twin Turbo consensus, and additional features like Parallel Order Execution, Native Price Oracles, and FBA.
All these synergize to create a specialized L1 blockchain. Its built-in order matching engine offers a limit order design space akin to regular centralized exchanges, creating an efficient system for builders and users alike. The Twin Turbo consensus mechanism further improves throughput, facilitating faster block times, lower latency, and increased finality - a boon for orderbook-based exchanges.
Conclusion 🎯
Decentralized exchanges (DEXs) scalability on L1s remains a challenge.
Sei Network, with its specialized trading-focused infrastructure, offers a promising solution to the Exchange Trilemma - the trade-off between decentralization, scalability, and capital efficiency. It aims to provide an optimal environment for any type of trading app, fostering superior performance on its network.
Nevertheless, users should approach with caution as Sei and similar projects are still in their early stages and are bound to evolve significantly. Always remember to manage your risks appropriately! 🛠️🔐
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