#SEI SeiNetwork is launching on Binance Launchpool. As one of the L1 public chains with the largest financing scale in 23 years, its characteristics and advantages are worth talking about.
Table of Contents 1. What is it? What is it used for? Investment institutions?
2. Its performance characteristics and value.
4. Summary.
1.#SEI It is an L1 public chain. According to official documents, it is the fastest public chain on the market developed through new consensus and technology. It is born for transactions and provides infrastructure and power for Web3 financial Dapps . It officially provides a better explanation that it wants to be the Nasdaq in the Web3 financial field, allowing a series of projects to run on it or conduct related transactions on its chain, including games, NFT , and DeFi.
1.2 Investment institutions: including well-known Multicoin, Coinbase, etc. Seed round, in August 22, Multicon led the investment, with a seed round of 5 million US dollars. Round A, in February 23, Sei completed the round A with a valuation of 400 million US dollars. Round B, in April 23 , Sei completed a financing of US$30 million with a valuation of US$8 billion, and subsequently launched a US$50 million ecological fund.
2. SEI has solved the three problems of on-chain transactions: capital efficiency, decentralization and scalability. Here we will focus on the decentralization issue that we value. At present, the biggest problem of high-performance public chains is centralization, whether it is#SOLor AVAX. Here we will talk about the solution.
Sei supports trust, transparency, and autonomy, it is distributed across nodes and is not controlled by a central entity. The core of Sei lies in the validator nodes. They secure the blockchain and achieve high performance through the Twin Turbo consensus. Anyone can join - run a full node, verify transactions, and earn rewards. Validators shape accuracy and build trust.
Through the Twin-Turbo consensus mechanism, the block confirmation time is shortened from 6 seconds in the Cosmos chain to 500 milliseconds, achieving the fastest final block confirmation time in the entire network and a throughput of 20,000 transactions per second. This efficient consensus mechanism also makes SEI an efficient, scalable and programmable blockchain system, providing faster and more efficient services for related DAPPs that make a living from transactions.
SEI hardware capabilities are relatively demanding. Physical decentralization is a key part of SEI's solution to the centralization problem. Sei Labs tested hosting, but went a step further. Sei's nodes are spread across 3 continents and 12 countries. It is this firm belief in decentralization that has brought strong confidence to market investors in SEI.
3. SEI Ecological Related Projects
The following is a more detailed SEI ecological project map, and you can explore the opportunities one by one. Especially the three major public chain components, DEX, lending, and yield farms.
4. SEI is a public chain created for transactions. It has superb performance and speed, as well as the decentralized attribute that it is proud of. It has great potential for going online. Launchpool, have some free Or stablecoin. You can participate in mining in the pool Another Ecological projects, especially the three major ones, can be invested in when prices are low.
