What is Sei?
Sei is a trading-focused layer-one chain, built with the Cosmos SDK, that aims to provide a CeFi-like experience with DeFi tools. It promises fast transaction finality, high throughput, and front-running prevention.
Sei is a sector-specific layer-1 chain that is optimized for trading.
It promises lightning-fast transaction finality of 600ms and 22,000 orders per second.
Sei is built with the Cosmos SDK, allowing it to be sector-specific and focused on trading.
It aims to achieve its ambitious goals with improvements in three main areas: performance, security, and interoperability.
.What are the problems Sei solves?
Sei addresses the limitations of general-purpose chains like Ethereum that are not optimized for decentralized exchanges (DEXs). It also enables an order book model that competes with centralized exchanges (CEXs) in terms of speed and usability.
What are the features of Sei? Sei uses frequent batch auctions, native price oracles, single-block order execution, and native order matching engine to achieve its performance and security goals. It also leverages the Cosmos ecosystem for interoperability and has a growing list of projects and partners in various sectors.
Sei relies on the Tendermint Core consensus mechanism backing the Cosmos ecosystem. By using frequent batch auctions, Sei promises to prevent MEV and front-running. This allows apps on Sei to use its validators and guarantee a smooth trading experience for customers.
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