400 million dollars transaction and 7.5 million authentic crypto wallets… What a great performance for the Sei “high performance” blockchain. Barely Testnet alpha phase completed, the Sai Labs team announces the successful deployment of the beta phase of its mainnet. Will she be able to keep her promise? contribute to the democratization of cryptocurrencies ? Time will tell us.
Sei launches his mainnet!
For those who do not yet know what a “mainnet” is, know that it isa device necessary for the proper functioning of a blockchain. Without the mainnet, it will be difficult for users to transact on this chain.
Generally, a testnet precedes a mainnet. After observing the success of the first, we move on to deploying the second.
Such is the case of Sei. Crypto media echoed the deployment of Sei’s mainnet mid-afternoon.
” EXCLUSIVE: Sei Labs, the company behind the Sei Layer 1 blockchain, has announced that his mainnet is now online after a successful testnet phase. Sei’s native token, SEI, went live today on exchanges such as Binance, Kraken and Huobi. »
The article published on PR Newswire clarified that with this initiative, Sei is making history as a next generation blockchain. Inasmuch as layer 1 open sourcethis network allows in particular:
- optimized cryptocurrency exchanges;
- the creation of NFT marketplaces;
- game savings;
- etc.
” This marks the beginning of a long journey, from transitioning experiences to web3 appswith a quick deadline for finality.
Note: Atlantic and Airdrop rewards can be claimed after an initial warm-up period while the Sei ecosystem prepares.
The Sei Foundation looks forward to seeing exciting new applications built using Sei’s infrastructure. »
How does Sei differ from other blockchains?
First, Sei is built on the Cosmos SDK. Its matching engine, coupled with tools for preventing execution upstream of orders, will promote theincreased trading capabilities of decentralized exchanges (DEX).
Next, it should be noted that Sei aims to solve the exchange application scalability problem on the existing infrastructures of layers 1 and 2.
Also, Sei lands with a high degree of decentralization with nodes spread over 12 countries on three continents. In this way, no power failure can affect the proper functioning of the blockchain.
Here are some details provided by Jeff Feng, co-founder of Sei Labs:
” Most Layer 1s seek to solve a technical problem, whereas our mission is to solve the problem of easy asset exchange. Sei is mistakenly thought to be a channel focused on decentralized finance, but we focus more on social platforms, games and carbon credits. There are many other places where one can trade DeFi assets “, can we read in CoinDesk columns.
The icing on the cake, Sei is faster than the other channels: 10 times faster than Solana, says its co-founder Jay Jog. Through this one-of-a-kind blockchain, users can complete a single transaction in just 250 milliseconds. And this with a buffer of 100 milliseconds as a guarantee of protocol stability.
Important quantitative and qualitative data
Sei account at present 200 teams. Since the launch of the testnet, the project has recorded over 7.5 million unique crypto wallets and approximately $400 million in transactions.
After the success of the mainnet deployment, the Sei blockchain expects a rush of applications. At least thirty will integrate it in the second half of 2023. These are Sushiswap, Pyth, Compass Levana, Tatami…
Another important point: Sei has a native token, the SEI. Along with the deployment of Sei Network, this cryptocurrency has been listed on well-known crypto exchanges. Among them are Binance, Bitget and Bybit.
SEI, whose total supply is limited to 10 billion coins, was trading at $0.064 per coin at the time of its launch. Shortly after, it was valuing at $0.48, before dropping to $0.17 at the time of writing.
SEI’s initial offering is 1.8 billion coinsunderlines Cointelegraph.
Attention, Sei Network (SEI) has nothing to do with Sui Network (SUI). The latter avoided a hack last June thanks to an initiative by Certik.
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