Deep Dive
1. Purpose and technology
Sei is a blockchain developers can use to build decentralized applications, including trading and finance services. It supports Ethereum compatible apps, so developers can use familiar Ethereum tools.
Its parallel execution design can process independent transactions at the same time, rather than handling every transaction one by one. The project describes Sei as a high performance Layer 1; actual speed can depend on network conditions and the work a transaction requires. (Sei overview, Sei source code)
2. SEI token
SEI is the network’s native token. It pays transaction fees, can be staked with validators that help confirm transactions, and gives holders a role in onchain governance. (SEI white paper)
Conclusion
Sei is a blockchain designed to support fast, Ethereum compatible financial applications, while SEI helps pay for and participate in the network. How effectively can Sei’s technology support useful trading and finance apps as the network develops?
