What is Sei Network?
Sei Network is a Layer 1 blockchain built on top of the Cosmos SDK and inherits the advantages of Tendermint technology. The development team positions Sei Network as Decentralized NASDAQ (decentralized NASDAQ) to bring a seamless combination between CeFi and DeFi.
Sei Network is Layer-1 created specifically for DeFi with the desire to become the foundation for the future financial system. To do that, Sei Network applies Twin-Turbo and Parallel Order Execution consensus mechanisms to handle transaction throughput of up to 20,000 with transaction completion time ( transaction finality) in just 500 milliseconds.
In addition, Sei Labs - the development team of Sei Network is currently developing version V2 with the goal of testnet in Q1/2024 and mainnet in the first half of 2024. With EVM compatibility along with notable features: “parallelization”, Sei Labs positions Sei Network to become the first Layer 1 parallel EVM blockchain when version V2 is mainnet.
