Sei v2: Parallelizing the Ethereum Execution Environment

[RuOm02]

 

Sei v2 is poised to become the first parallelized EVM blockchain. This major proposed update from Sei Labs aims to deploy a backward compatible Ethereum execution environment integrated into Sei’s core binary, inheriting Sei’s advanced twin turbo consensus mechanism and optimistic parallelization capabilities, while remaining fully composable with Sei’s existing wasm environment.
 
This approach means that any Ethereum or Ethereum Layer 2 application can now deploy on Sei to harness Sei's speed and throughput, and users can interact with Sei using familiar tools such as Metamask. The upgrade is code complete and ready for audit, read more here: https://blog.sei.io/sei-v2-the-first-parallelized-evm/

 Developers, developers, developers: Today, Sei allows for Cosmwasm smart contracts, which are written in Rust. As Sei continues to garner more developer interest, the biggest request has been additional flexibility in the execution environments that Sei supports. Sei Labs has risen to this challenge with a first of its kind solution. By placing developers' needs at the forefront, Sei is creating the first parallelized EVM.
 
Embracing EVM: For the first new execution environment to be integrated, Sei Labs proposes to support the Ethereum Virtual Machine (EVM), recognizing its widespread adoption. This strategic proposal acknowledges EVM's current dominance, creating a familiar yet enhanced environment for the majority of blockchain developers, tools, and libraries.

Enhancing Ethereum and Eth L2 Applications with Sei: It is often stated that “any large successful application on ETH requiring high throughput will pivot to being their own L2 or their own appchain”. Unfortunately, L2s are bandwidth bound by the Ethereum base layer and fundamentally cannot scale, while often simultaneously suffering from centralization trade-offs. At the same time, appchains incur far more infrastructure overhead, risk and complexity than many teams are willing to take on.

Sei v2 will bolster any execution environment built atop it with its advanced twin turbo consensus mechanism and parallelization capabilities. This approach equips Ethereum applications to harness Sei's speed, efficiency, and security.

What does this mean? This proposed upgrade means that any EVM application can be enhanced with the benefit of 28,300 batched transactions per second of throughput, with 390 ms time to finality. This allows applications to support many more users and far more ‘web-2’ like interactive experiences than on existing EVM blockchains. As a technology, Sei offers far cheaper per-transaction costs, higher throughput and the fastest time to finality in crypto, while suffering from none of the centralization tradeoffs, complexity or the overhead of operating an Ethereum L2 rollup.
 
In this way, Sei is making the EVM simple again.
Some examples of applications that would benefit from this approach are scalable high performance dexes of any kind, massive multiplayer games, global payment and settlement applications and NFT projects looking to service mass global audiences. In short: applications that aspire to achieve mass adoption.
 
Wen? Once audits are complete, this upgrade will be released in a public testnet in Q1 2024, and will be deployed to mainnet in H1 2024, subject to governance.
There are many other important improvements being made to Sei as part of Sei v2; you can read more here: https://blog.sei.io/sei-v2-the-first-parallelized-evm/

 

[minerminer3456]

reserved

[RuOm02]

Time to finality (TTF)
 
TTF is the time it takes for a transaction to be considered final, after which it cannot be reversed
 
Polcadot: 6-60 s
Solana: 1-90 s
Fantom: 1-4 s
Sui: 1-2 s
Aptos: 0.9 s
Avalanche: 0.7-2.2 s
Sei: 0.39 s

#SEI
 

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Sei Labs cofounders Jeff Feng and Jayendra Jog were recognised in this years Forbes 30under30
 
In the “Finance” category there are representatives of only 2 crypto companies. These are the cofounders of @Sei_Labs and @llama
 
 https://lnkd.in/eH76_Mes
 
#SEI @SeiNetwork

[RuOm02]

Sei is expanding, through a strategic partnership with Japan kudasai to grow the crypto community in Japan
 
Learn more: https://blog.sei.io/kudasaijp-strategic-partnership/
 
#SeiNetwork
 #sei

[RuOm02]

The Sei Blockchain is going Carbon Neutral 

Sei Labs will leverage a first of its kind RWA primitive: Tokenised Renewable Energy Certificates issued by Jasmine
 
Learn more: https://t.co/IfIv7hAkeh 

 Sei Network
#SEI

[RuOm02]

Gecko Terminal has now integrated Sei
 
Track Sei Network on GeckoTerminal! https://www.geckoterminal.com/sei-network/pools

#sei
 

[RuOm02]

EVM parallelization might be the biggest crypto narrative of 2024

Seinetwork V2 EVM Launching soon
Designed for trading (defi, nfts, etc)
The Fastest Layer 1 (390ms ttf)
 
2024 is the year of the dragon, a year of innovation and execution!

BULLISH
 
#sei
 

[RuOm02]

New integration Sei with Inspect! 

With the capacity for 20,000 orders per second & offering 390 ms block times, they together create the next level for one of the fastest blockchains

#Sei #WEB3 

[RuOm02]

Join Bitget Internal AMA featuring SeiNetwork on Discord!

✅ 14:00, 9th Jan (UTC)
✅ http://discord.gg/bitget
 
Dive into details of Sei Network and stand a chance to share in a $300 SEI prize pool!   

[RuOm02]

Sei has prepared the Sei Launchpad Program
 
main benefits of which include:

🔴 Capital investment
 🔴 Token grants
 🔴 Audit support
 
✅ More info - blog.sei.io/sei-acc/

 #Sei

 

[RuOm02]

Meme Of The Week Event Started!

✅ This Week Theme: 𝐏𝐎𝐊𝐄𝐌𝐎𝐍!

1st Place: $300 in SEI
2nd Place: $250 in SEI
3rd Place: $200 in SEI

Create a meme and post it in ⁠the "meme-of-the-week" channel on #Sei discord - https://discord.gg/sei
 

[RuOm02]

New integration Sei Network with Cedro Finance!

✅ Integration of Cedro on #Sei v2 to help users tap into the global liquidity for the heightened ecosystem growth!

♻ Cedro is a cross-chain decentralized liquidity protocol where users can lend and borrow assets across chains

[RuOm02]

Welcome to X space themed "Parallelizing EVM w/Sei”
 
Speakers:
✅ Head of Marketing Sei Network - GroverGPT
✅ Researcher OKX_Ventures - @KiwiCryptoBig
✳ January 25 at 12 PM CET
Set your reminder - https://lnkd.in/eDQv9Ah6
🔆 100 SEI each for the best 3 questions
#sei

[RuOm02]

Top 15 Public Chains by TVL Growth in the last 30 days
 
✅Top 1
🔴Sei +203%

 To be continued... 🔴💨

[RuOm02]

New integration Sei Network with Kado money

📌 It's now possible for users in over 160 countries to onramp directly to Sei with common fiat payment methods, via app.kado.money
 
⚙ Devs can integrate fiat onboarding directly to their application
 

[RuOm02]

Sei Network X space "The Lookout"

Dive into a deep discussion about IBC, Parallelized EVM's, Appchains, Modular chains, and more

https://twitter.com/i/spaces/1gqGvQAQvzeKB

[RuOm02]

NEW MEME OF THE WEEK SEI EVENT

This Week Theme: YEAR OF THE DRAGON
✅ 1st Place: $150 in SEI
✅ 2nd Place: $100 in SEI
✅ 3rd Place: $50 in SEI

📆 Deadline: Friday, 5 PM EST

📌 Create a meme and post it in ⁠the "meme-of-the-week" channel on
#Sei discord https://discord.gg/sei
 

[RuOm02]

😍 The Sei v2 Public Devnet is here!

📢 The first milestone in the journey to a highly performant EVM future is here. The Sei Network arctic-1 Devnet has been upgraded to "v2", supporting a high performance, parallelized EVM 

✅ Read more - https://blog.sei.io/sei-v2-public-devnet/
 

[RuOm02]

📢 New integration Sei Network with Travala!

📌 #SEI is now LIVE on Travala & we want you to book your first trip on us!

✅ Join the giveaway to win $1,000 in travel prizes!

𝐇𝐨𝐰 𝐭𝐨 𝐣𝐨𝐢𝐧:
✔ Follow @SeiNetwork & @travalacom in twitter
✔ Lile and retweet https://lnkd.in/ef9tUj6G
✔ Tag a travel friend below