Sei: everything you need to know about SEI
Axel has been immersing himself in the world of crypto and blockchain for quite some time, which he then translates into understandable articles.
Sei facts
Abbreviation
SEI
Category
Decentralized Finance (DeFi)
Founder(s)
Jayendra Jog, Jeff Feng.
Blockchain
Own Layer-1 blockchain.
Protocol
Proof of Stake
Launch date
2023
Links
What is Sei?
Sei is a new blockchain specifically designed to support decentralized exchanges (DEXes). It focuses on improving the speed and efficiency of these exchanges so that traders can trade quickly and affordably.
How does Sei work?
Sei works as a Layer-1 blockchain, which means it has its own infrastructure. It uses a special consensus mechanism that processes transactions very quickly, which is important for trading on DEXes. With this speed, Sei hopes to offer the best performance for anyone trading in crypto.
The SEI token.
The native token of Sei is SEI. This is used for transaction fee payments, governance (voting on network decisions), and staking. This enables users to contribute to the security and stability of the network.
The technology behind Sei
Sei uses Tendermint-core technology for its consensus mechanism. This ensures that transactions are confirmed within milliseconds. In addition, Sei uses a 'Twin-Turbo consensus', which means that the network is extremely fast and efficient, ideal for high-frequency trading on DEXes.
The Sei ecosystem
The Sei ecosystem is focused on decentralized exchanges and financial applications. With high speed and low costs, Sei aims to be an attractive platform for developers and traders. It also supports smart contracts, making it widely applicable for various financial products.
€0.2869▲4.3%
Benefits of Sei
- Speed: Thanks to advanced technology, transactions can be processed very quickly.
- Low costs: Due to the efficient network, transaction costs are low, which is attractive for traders.
- DEX-optimized: Sei is specially built for decentralized exchanges, making the platform unique.
Disadvantages of Sei
- Competition: There are already many other Layer-1 blockchains, such as Ethereum and Solana, that also offer high speed and low costs.
- New player: As a relatively new blockchain, Sei still has to prove that it is sustainable and scalable in the long term.
Who is the founder of Sei?
Sei was founded by Jayendra Jog and Jeff Feng. Both founders have experience in both the traditional financial sector and the blockchain industry.
Sei price in the last 24 hours
View all key statistics of the past 24 hours here.
€0.2840
€0.2885
€0.2726
Market information
Use these figures to get a better picture of the Sei market.
€189.1 million
€1.7 billion
6 billion
€1.0470
Sei Return On Investment
See how much the price has risen or fallen over the years.
Historical Sei price
Here you can see Sei's daily prices, trading volume and market cap. Looking for a specific date? You can fill in the range all you want. Maybe you'll spot the one trend!
| Date | Price | Volume | Marketcap |
|---|
Most popular crypto currencies today
Frequently asked questions
Sei doesn't have a fixed value because the exchange rate is always in motion. Whenever you get distracted or even blink, it has already changed. Right now, the value of Sei is €0.2869.
You can easily buy Sei on BLOX! Quickly download the app, and within two minutes, you'll have your own crypto portfolio with Sei and your other favorite coins.
We don't have a crystal ball either, so it's up to you to decide whether you want to invest in SEI. We can only recommend once again that you thoroughly research the market and only invest what you're willing to lose.