Sei Network and everything you need to know about this blockchain

I think you, dear reader, at least once wondered "Where can I find an article that will briefly tell all the information about Sei Network and its differences from other blockchains". Congratulations - this is it. Even if you haven't asked that question, this article will be useful for you to get a basic understanding of Sei Network and how it differs from other blockchains. Enjoy reading!

In this section you will learn all the information you need about Sei Network

Decentralized exchanges (DEXes) are the killer app of crypto. They are everywhere, spanning much further than just AMMs and orderbooks. DEXes are just as prevalent across NFTs and gaming as well. One of the primary use cases of NFTs today is trading them on an NFT marketplace, another example of an exchange. Most games in crypto have built-in exchanges for users to trade the in-game NFTs and tokens. DEXes command the largest network effect, major ecosystems get built around them

Ironically, decentralized exchanges are also the most underserved application in crypto. They demand a unique level of requirements for reliability, scalability, and speed that no other apps need. If a large exchange goes down for a few moments it’s catastrophic, but the same downtime is far more tolerable for most other application types. Historically, DEXes have succeeded in spite of the drawbacks of existing Layer 1 blockchains

Sei is the first sector-specific Layer 1 blockchain, specialized for trading. Every aspect of the blockchain has been optimized to help exchanges run better and offer the best UX for their end users

Now let's move on to the equally important information about Sei Network, namely its differences from other blockchains

In this section you will learn what makes Sei Network different from other blockchains and what makes it unique

Sei Network has many advantages over other blockchains, and here is a short list of these advantages:

Native order matching engine - drives scalability of orderbook DEXs built on Sei
Breaking Tendermint - Sei is the fastest chain to finality at ~600ms
Twin-turbo consensus - improves latency and throughput
Frontrunning protection - combats malicious frontrunning that is rampant in other ecosystems
Market-based parallelization - specialized parallelization for DeFi

The combination of these optimizations make it possible for new types of financial products to emerge-everything ranging from live sports betting to complex options and futures

Sei Network is perfect for Dex, and here's why:

Twin turbo consensus: improves latency (which is a very important part in such applications) and network performance
Frontrunning protection: efficiently and effectively combats malicious frontrunning that proliferates in other ecosystems
Sei is the fastest chain on the market, with ~ 600 ms / transaction
Native order matching engine (on-chain) allows great scalability of the order book DEXs created in Sei
Market-based parallelization: specialized parallelization for DeFi. In short a blockchain specialized in a specific use case

What makes Sei a unique Layer 1?

General purpose advantages:

Atomic composability - all apps are built on 1 blockchain so can easily work with each other
Social coordination - the ultimate unlock. single core community with a single schelling point

App-specific advantages:

Customizability - if you're building a chain around a single app, you can change things up
Native, multi-chain interoperability - the power of IBC

Sei combines the advantages of general purpose Layer 1's with those of app specific chains, and that's what makes it special

Expect more articles about the Sei Network, Have a nice day!