Which public chain is SEI coin? When is the SEI coin planned to be launched?

php editor Zimo today introduces to you a public chain called SEI coin. SEI currency is a digital currency developed based on blockchain technology. It is highly secure and anonymous and can enable fast and convenient cross-border payments. Based on a unique consensus mechanism and smart contract technology, SEI currency provides users with a new way of managing digital assets. Currently, SEI currency is undergoing intensive preparations for its launch and is expected to be officially launched in the near future. By then, users can trade and hold SEI currency through major exchanges. The launch of SEI currency will bring new vitality to the digital currency market and bring more investment opportunities to investors. Please look forward to the arrival of SEI coin online!

#What public chain is SEI coin?

SeiNetwork is the future DeFi hub, it is a layer1 blockchain and belongs to a specific DeFi order book protocol in the Cosmos ecosystem. The protocol improves scalability by introducing various features and aims to lay a solid foundation for the future financial system. Late last year, Sei launched a plan worth a total of $50 million to attract more DeFi projects to its blockchain ecosystem. The plan has successfully attracted the attention of many DeFi projects and laid a solid foundation for their development in the blockchain field.

Sei Network is an intermediary between the application chain and the Layer1 blockchain, using a new approach that is different from existing order book-based DEX protocols. It provides deep liquidity through its own order matching engine for extremely high throughput and low latency. This is achieved through features such as optimistic block generation, intelligent block propagation, and parallel processing of transactions.

In the field of cryptocurrency, digital asset trading is the most basic and important need, covering fields such as DeFi, NFT market and GameFi. Although trading applications have the broadest market-adapted offerings among various cryptocurrency applications, trading applications face significant scaling challenges at Layer 1.

Exchanges face three challenges: decentralization, scalability, and capital efficiency. However, it is difficult for them to achieve all three goals simultaneously. Sei solves the DEX scalability problem by building a blockchain specifically for trading and provides the best infrastructure for trading applications by optimizing every layer.

When did the SEI currency go online?

According to official data, SEI currency is planned to be launched on August 15, 2023. SEI coin is the native token of the Sei network and can be used to pay network fees, staking and governance.

SEI is the 36th project on Binance Launchpool. It has previously received US$30 million in financing and received US$50 million in ecological fund financing, making it a focus project for airdrop hunters.

Sei promises lightning-fast transaction finality, processing 22,000 orders per second. This makes Sei comparable to centralized exchanges (CEX) in terms of order execution and surpassing existing DEXs on the market. In addition, fast block confirmation speed is also crucial for introducing a native order book model to replace the traditional AMM trading model. Through this innovative system, users will enjoy a more efficient and secure trading experience.

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