The Bankless Guide to Sei
Updated: Feb 2024
Sei is a Layer 1 (L1) blockchain, built using the Cosmos SDK, focused on cheaply and quickly facilitating trading and other activities.
Notably, in the first half of 2024, the Sei team plans to roll out the network's V2 upgrade, which will actualize the cryptoeconomy's first fully-parallelized Ethereum Virtual Machine (EVM).
At the heart of Sei is the network's Twin Turbo consensus mechanism. This system entails full nodes using random gossiping to spread transactions, which are then validated by validators and added to their local mempools. Block proposers then use these mempools to propose new blocks, embedding only transaction identifiers to minimize data loads and reduce wait times.
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