Parallelized EVM is one of the hottest narratives in 2024 and @SeiNetwork is right at the forefront of it.
Here's the ultimate research report on everything you need to know about Sei and its V2 upgrade in POINT FORM, condensed into a convenient 2-minute read:
1. What is Sei?
> Layer 1 Blockchain
> Integrated/monolithic (not modular)
> Proof-of-stake (POS)
> General purpose
2. What's special about Sei?
> Fastest battle tested L1 LIVE on the market
> Up to 20,000 tps (transactions per second)
> 0.434s of Time To Finality
> In-built Order Matching Engine (Limit Orderbook)
> MEV protection on Orderbook transactions
3. The Tech behind Sei: Twin Turbo Consensus
> Intelligent Block Propagation - ELI5 here: https://twitter.com/jayendra_jog/status/1622643793790128128âŠ
> Optimistic Block Processing - breakdown here: https://twitter.com/jayendra_jog/status/1562116407482953728âŠ
> Parallelization: Parallel processing of transactions
4. Sei V2: Everything You Need To Know
> Integrates Geth to enable EVM (Ethereum Virtual Machine) support
> Upgrades database to SeiDB
> Optimistic parallelization
5. Sei V2: Key Advantages & Benefits
> Full EVM compatibility
> The fastest L1 goes even faster
> 28,300 tps
> 0.39 seconds block times
> 0.39 seconds Time To Finality
> Supports both CosmWasm & EVM smart contracts
> Existing EVM smart contracts can deploy with no code changes
> The first EVM L1 that supports parallel processing
> Web2-like User Experience due to fast speeds
> Uniting the EVM and Interchain ecosystems via IBC (Inter-Blockchain Communication Protocol)
6. Timeline & Progress:
> Code for SeiV2: Completed
> Audit: In progress
> Devnet: LIVE NOW
> Mainnet: H1 2024
7. Ending notes:
That's right, you didn't see it wrongly. The highly anticipated Sei V2 Devnet HAS LAUNCHED.
With the launch of the Sei V2 Devnet comes opportunities that will only be around for this phase. Keep a lookout for updates from Sei protocols for exclusive events that may turn out to be unexpectedly rewarding.
To make your life simpler, subscribe to The Sei Sustenance so that you will never miss out on any important updates from Sei.
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