What is SEI?

_{What is Sei (SEI)?}

SEI (SEI) is a high-performance Layer 1 blockchain.
Optimized for digital asset trading and DeFi applications
Taking advantage of parallel processing (parallelization) to obtain confirmation of completed transactions.
At sub-second finality and with high throughput
This project is built on the Cosmos SDK with Tendermint consensus.
and addresses scalability issues found on general purpose blockchains.
With a dedicated focus on infrastructure expertise for trading
The vision of the project is to step up as the leading settlement layer for stablecoins,
Real-world assets converted to tokens (RWAs) and high-frequency trading
Promoting innovation in programmable commerce
Through development in open source format

_{Native Blockchain:}

Sei works as its own Layer 1 blockchain, built on the Cosmos SDK.
Equipped with parallel processing EVM (Ethereum Virtual Machine) for high compatibility and performance

_{Protokola Konsensus:}

The project uses Tendermint consensus, a Proof-of-Stake (PoS) mechanism.
that improves safety through the Byzantine Fault Tolerance (BFT) system
And this results in a fast block creation period. This results in an increased speed.
(Transaction can be confirmed completed in 400 milliseconds) and improved scalability
While maintaining decentralized neutrality (decentralization)

_{Founder/Date founded:}

Sei was founded by Jeff Feng and Jayendra Jog in about 2022. Jeff Feng has experience in blockchain development.
The team also includes experts from high-frequency trading firms.
Their knowledge base in both finance and technology thus adds credibility to Sei's focus on trading.

_{Objective/Use case:}

Sei is mainly used in the DeFi industry for decentralized digital asset trading platforms (DEXs),
Lending, asset management and real-time trading of digital assets. In addition, the project supports GameFi with fast transactions.
and support NFTs through scalable infrastructure for core use cases.
It will include a platform for high-frequency trading and products for institutional investors.
For example, real-world assets converted to tokens (RWAs) and stablecoins

_{Total Supply/ Limit or Unlimited:}

Total supply is limited to 1,000,000,000 SEI

_{Supply Deflation:}

Sei uses the inflationary model, with the reward of staking as the main factor.
However, no clear deflationary mechanisms have been identified in various sources.
For example, burning of coins, the total supply of coins is limited to a maximum of 1 trillion SEI.
Which helps to limit inflation in the long run.

_Source:

https://www.sei.io/‍

https://www.sei.io/explore‍

https://www.sei.io/insitutions‍

https://paxful.com/university/en/what-is-sei-crypto‍

https://cryptomus.com/blog/sei-vs-solana-complete-comparison?srsltid=AfmBOopBEc0aWyfCuajZXBYQCn1O_y3vfndvx8J4JjKn-ZRTjXcd91S7

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