SEI, a leading Layer 1 public chain, specializes in crypto asset trading. Not limited to DeFi, it has also entered the fields of games, social ** and NFTs, and built a multi-functional blockchain ecosystem. Among the many public chains, SEI stands out for its excellent processing speed and technological innovation. The unique consensus mechanism and technological innovation have contributed to this. As a general-purpose, open-source blockchain platform, SEI aims to meet a wide range of digital asset trading needs, setting a new standard for blockchain efficiency.
SEI's tokenomics.
With a total of 10 billion SEI tokens** in its tokenomics, the SEI network is the superhero of the network, supporting decentralized activities such as transaction fees, staking, and governance. This distribution strategy is awesome, and it cares super about community engagement and attention. 48% of the tokens go to the ecosystem reserve, 9% to the ** club, 20% to the team, 3% to the startup pool, and 20% to investors in the private sale. The coolest part is that more than half of the SEI tokens, which are 51%, are dedicated to supporting community activities, including airdrops, testnet rewards, etc., which is just pretty cool!
What is cosmos?What is the correlation between cosmos and SEI?
Cosmos is a superstar in the blockchain world!It is an independent, scalable, and interoperable decentralized blockchain network, like a large blockchain community. Its unique function is to enable the exchange of data and tokens between different blockchains through the Cross-Blockchain Communication (IBC) protocol. This design is really cool and makes it easy for developers to create their own blockchains using the Cosmos SDK. At the same time, it also uses the TenderMint consensus algorithm to ensure that each independent blockchain can govern autonomously. It's like a big community, where each member has their own characteristics, but can work together!
The core features of SEI.
The key features of SEI as an innovative blockchain platform include:
l Fast on-chain confirmation: SEI provides extremely fast transaction confirmation times, as short as 300 milliseconds, which significantly improves network efficiency.
l Dual-Turbo Consensus Mechanism: Combined with optimistic block processing and intelligent block propagation technology, this mechanism significantly improves the throughput of the network, increasing by up to 83%.
l Market-oriented parallel processing: SEI adopts a market-oriented parallel processing method, which greatly improves the ability and efficiency of transaction processing.
l Native Matching Engine: Designed for order book-based exchanges, facilitating the efficient operation of decentralized exchanges.
l Pre-transaction protection: SEI includes a mechanism to prevent malicious pre-transaction activities to ensure the fairness of transactions.
How SEI works.
SEI focuses on optimizing the order fulfillment process by innovating the traditional block production process:
In the SEI network, orders from different markets can be processed in parallel, while orders within the same market are executed sequentially. This processing strategy dramatically improves the throughput and deterministic behavior of the blockchain.
SEI's native order matching engine introduces a variety of innovative features, including block order execution, order execution**, and frequent batch auctions.
In addition, SEI has a native price oracle built into its Layer 1 to provide accurate information for the on-chain market.
These combined features make SEI ideal for high-frequency traders and market makers, especially for decentralized exchanges and financial applications.
Comparison of SEI with other blockchain networks.
In the growing Layer 1 blockchain space, each network has its own unique strengths and challenges. To understand the characteristics of SEI in depth, it is very helpful to compare it with well-known public chains such as SUI, APTOS, Solana and Ethereum, which is very helpful to highlight the uniqueness of SEI.
SEISEI stands out in the blockchain community with its innovative architecture and efficient consensus mechanism, which effectively solves key challenges such as scalability, transaction speed, and transaction front-loading. SEI achieves significant transaction throughput and fast transaction confirmation times (as fast as 0.).5 seconds), and through its parallel transaction processing strategy, the network's ability to handle large-scale transactions is significantly improved.
Suisui is unique in its unique strengths, facing scalability challenges that increase with the speed of transactions, which differs from SEI in this regard. Although SUI also focuses on decentralization, it differs from SEI in the flexibility of the consensus mechanism and the choice of validators.
solana
Solana shares similarities with SEI in terms of block parallelization, employing a unique time-stamping system (POH) to achieve high-speed transactions and low costs. However, Solana may sacrifice some of its decentralization features in pursuit of high performance, which may affect the stability of its network in specific cases.
Ethereum. Ethereum occupies a leading position in the DeFi ecosystem, with a high total value locked (TVL) and excellent protocol interoperability. However, it faces high transaction fees and scalability challenges, which are currently being addressed gradually by moving some of its operations to rollups.
Overall, SEI stands out from other platforms such as SUI, Solana, and Ethereum with its emphasis on speed, scalability, and security, while maintaining its decentralized nature. SEI's technology architecture makes it a potential strong contender, with the ability to outperform established platforms such as Solana in terms of performance.
Network Transaction Throughput Transaction Finality Prevent Front-Loading Transactions Handling Sybil Protection.
Bitcoin 10 tps 60 minutes no sequential proof-of-work.
Ethereum 20 tps 6 minutes without sequential proof-of-stake.
Solana 10,000 TPS is about 25 seconds No parallel proof-of-stake.
SEI 20,000 TPS 500ms FBA Parallel Proof-of-Stake.
Prominent projects in the SEI ecosystem.
l Bitget Wallet: As a leading Web3 multi-chain wallet in Asia, BitGet Wallet provides users with one-stop on-chain products and DeFi services, including wallet management, token exchange, NFT trading platform, DAPP browser, staking and MPC wallet, etc.
l Astroport (ASTRO): An integrated automated market maker (AMM) and decentralized exchange (DEX). Users can participate in the decentralized finance ecosystem by exchanging tokens and providing liquidity on this platform.
Pyth Network (Pyth): This is a cross-chain market data platform focused on providing real-time cryptocurrency, ** forex, and commodity market data. It brings together data from over 45 blockchains and 95 leading market participants, providing a wide range of data inputs to the network.
L Levana Protocol (LVN): This is a decentralized leveraged trading protocol designed to facilitate leveraged trading of various assets, creating a capital-efficient, censorship-resistant, and permissionless marketplace for users.
l Kryptonite (SEILOR): As the core liquid staking platform for SEI tokens, Kryptonite provides an integrated money market. Users can earn income through compound interest while holding SEI tokens and use leverage to enhance their investment potential.
SEIYAAN Token (SEIYAN): As the first meme coin on the SEI blockchain, SEIYAAN symbolizes the spirit and passion of the SEI network community "SEIYANS" and is one of the most influential and well-known tokens in the SEI ecosystem.
SEI as an investment outlook for 2024.
Since its launch on August 15, 2023, its performance has really been eye-catching. It was stable at 0 at firstAround $20 and then it fell to 0 in OctoberUnder $10, but SEI is really resilient!Within two months, it reached 0$70, that's amazing!But investing is risky, the market is unpredictable, you must do your homework before deciding to invest!
Analysis of SEI's growth potential.
Have you ever wondered if the SEI token can explode?To be honest, when evaluating whether it can become the next hundred-fold growth boss, we have to look at its market value and the future *** Imagine if the market value of SEI starts from 1800 million to 18 billion, that's a rocket-like growth!It will be able to become one of the top 10 cryptocurrencies in the world, becoming a major milestone in the crypto market. But then again, it's not something that can be bragged about. Investors need to keep an eye on the development trend of the SEI network and see if it can attract more users and projects. It depends on strength and patience!So, before investing, remember to do your homework and don't rush to make a decision!
Recommended SEI crypto wallet.
When choosing a suitable wallet for storing SEI, factors such as security, user-friendliness, backup options, and support for multiple cryptocurrencies should be taken into account. Different types of wallets for different needs:
l Cold wallets: provide additional security through offline storage, suitable for long-term holding.
l Hot wallets: provide convenience for frequent transactions and daily use.
l Bitget Wallet: As a prominent hot wallet option in the SEI ecosystem, Bitget Wallet offers advanced security features and a user-friendly interface. It supports a wide range of cryptocurrencies and trading platforms, striking the perfect balance of security and ease of use. Bitget Wallet is an ideal choice for users looking to integrate SEI into their day-to-day trading and asset management.
Tutorial: Manage SEI assets in Bitget Wallet.
Create a SEI wallet.
l Visit BitGet Wallet's official website (web3.).bitget.or search for BitGet Wallet in the app store on your iOS or Android phone.
l ** and install the Bitget wallet app.
l After completing the installation, open the app and add and select "SEI" mainnet in the mainnet list.
l Congratulations, you have now successfully created SEI's Web3 wallet!You can see the SEI mainnet and SEI tokens on the main interface of the wallet.
Bitget Wallet is an all-in-one Web3 crypto wallet (Web3bitget.com zh assets), supporting 100+ mainstream public chains and more than 250,000 crypto assets, providing competitive swap transactions** and decentralized application (dapp) interactive services.