[{"data":1,"prerenderedAt":347},["ShallowReactive",2],{"api/learn-center-post-en-what-is-sei":3,"footer-en":57,"learn/cryptocurrency-guide/what-is-sei-en-seo":255,"navigation-en-learn-center":260,"api/learn-categories-en":308},{"seo":4,"locale":22,"breadcrumbs":23,"excerpt":31,"featuredImage":32,"components":39,"title":5,"formattedPublishedAt":50,"geofencings":51,"category":52,"pagination":54,"campaignExternalId":8},{"title":5,"metaTitle":6,"metaDescription":7,"keywords":8,"metaRobots":8,"structuredData":9,"metaImage":10,"metaSocial":18,"canonicalURL":8,"localizations":19},"What is Sei? (SEI) ","What is Sei? (SEI) - Cryptocurrency Guide ","Sei (SEI) is a Layer 1 blockchain designed to optimize the trading of digital assets, particularly for decentralized exchanges (DEXs).  ",null,{},{"url":11,"mime":12,"ext":13,"width":14,"height":15,"name":16,"alt":17},"bitstampImageUrl/what_is_sei_aece554156_e9857cbfce.png","image/png",".png",900,451,"what_is_sei_aece554156.png","",[],[20],{"pathname":21,"locale":22},"/learn/cryptocurrency-guide/what-is-sei/","en",[24,28],{"id":25,"text":26,"url":25,"asUrl":27},"/learn/cryptocurrency-guide/","Cryptocurrency guide",true,{"id":29,"text":5,"url":21,"asUrl":30},"what-is-sei",false,"\u003Cp>Sei (SEI) is a Layer 1 blockchain designed to optimize the trading of digital assets, particularly for decentralized exchanges (DEXs).  \u003C/p>\n",{"url":33,"mime":34,"ext":35,"width":36,"height":37,"name":38,"alt":17},"bitstampImageUrl/what_is_sei_03c4573b20_268c5b9bd7.svg","image/svg+xml",".svg",1920,1080,"what_is_sei_03c4573b20.svg",[40],{"component":41,"props":42,"content":43,"secondaryContent":47,"ctas":48,"secondaryCtas":49,"ctasNoMarginTop":30},"section.full-text",{"centered":30,"withoutSectionContainer":30},{"text":44,"width":45,"align":46},"\u003Cp>Sei leverages a high-performance EVM chain that combines Solana's speed with Ethereum's developer-friendly environment, which aims to provides a more efficient platform for building and running dapps. \u003C/p>\n\u003Cp>Sei differentiates itself through features like a built-in order matching engine to halp with order execution, the Cosmos SDK for interoperability purposes, and a mechanism to prevent front-running market manipulation. \u003C/p>\n\u003Cp>SEI is the native token of the Sei network and is used to pay for transaction fees, and as a staking and governance asset. SEI holders can participate in the network's decision-making process by voting on proposals and contributing to the platform's development. \u003C/p>\n\u003Ch2>Who Created Sei?\u003C/h2>\n\u003Cp>Sei was founded in 2021 by Sei Labs, a company led by Jay Jog and Jeff Feng.  \u003C/p>\n\u003Cp>Jog previously worked as an engineer at Robinhood, which inspired him to create a similarly accessible and user-friendly exchange built using blockchain technology. Feng formerly worked at Goldment Sachs and Coatue, a technology-focused investment management firm. \u003C/p>\n\u003Cp>The Sei blockchain is also supported by  the Sei Foundation, an independent entity dedicated to the growth of the ecosystem. \u003C/p>\n\u003Cp>Sei Labs has raised over $30M from investors that include Jump Crypto, Multicoin Capital, and Coinbase Ventures. \u003C/p>\n\u003Ch2>How Does Sei Work?\u003C/h2>\n\u003Cp>Sei was specifically created with the aim of optimizing trading of digital assets. \u003C/p>\n\u003Ch3>Sei's Architecture\u003C/h3>\n\u003Cp>Sei's unique architecture balances scalability and security and is designed for high trading activity and trading volume. It achieves this using:   \u003C/p>\n\u003Cul>\n\u003Cli>\u003Cstrong>Parallel-transaction processing\u003C/strong>: Allows orders to execute quickly and efficiently. \u003C/li>\n\u003Cli>\u003Cstrong>EVM Compatibility:\u003C/strong> Ethereum developers can deploy their existing dapps, tools, and infrastructure on Sei without any modifications. \u003C/li>\n\u003Cli>\u003Cstrong>Twin-Turbo A\u003C/strong> consensus mechanism allows transactions a 400ms time to finality, enabling dapps to provide a user experience comparable to Web2 platforms.\u003C/li>\n\u003C/ul>\n\u003Ch2>Sei v2\u003C/h2>\n\u003Cp>Sei v2 introduces significant advancements to help the blockchain’s capabilities and developer experience: \u003C/p>\n\u003Cul>\n\u003Cli>\u003Cstrong>Backwards compatible EVM:\u003C/strong> Ethereum developers can easily transfer their existing dApps to Sei and leverage familiar tools like\u003Ca href=\"https://www.bitstamp.net/learn/web3/what-is-metamask/\"> MetaMask\u003C/a> wallet. \u003C/li>\n\u003Cli>\u003Cstrong>Optimistic parallelization:\u003C/strong> Sei allows multiple smart contract execution to be run in parallel.  \u003C/li>\n\u003Cli>\u003Cstrong>SeiDB:\u003C/strong> Storage layer that optimizes block processing time, reduces bloat, and simplifies node setup. \u003C/li>\n\u003Cli>\u003Cstrong>Enhanced interoperability:\u003C/strong> This enables collaboration between EVM and non-EVM developers.\u003C/li>\n\u003C/ul>\n\u003Ch3>The Sei ecosystem\u003C/h3>\n\u003Cp>Sei's quick transaction processing and optimized infrastructure make it ideal for high-performance dapps like decentralized exchanges (DEXs) and NFT marketplaces. However, its peed and scalability also allows developers to build a wide range of other dApps, including immersive gaming experiences and prediction markets. \u003C/p>\n\u003Cp>Some examples include:  \u003C/p>\n\u003Cul>\n\u003Cli>\u003Cstrong>DragonSwap\u003C/strong> – Automated Market Maker (AMM) DEX designed to be user-friendly. \u003C/li>\n\u003Cli>\u003Cstrong>Pallet Exchange\u003C/strong> – NFT marketplace  \u003C/li>\n\u003Cli>\u003Cstrong>Silo\u003C/strong> – Liquid staking platform  \u003C/li>\n\u003Cli>\u003Cstrong>Enchanted Isles\u003C/strong> – MMORPG Adventure blockchain game.\u003C/li>\n\u003C/ul>\n\u003Ch3>Delegated Proof of Stake (DPoS) consensus mechanism\u003C/h3>\n\u003Cp>Sui is built using a delegated DPoS consensus mechanism where validators stake SEI to secure the network. Users can also delegate their SEI to validators and share in the staking rewards, which are paid out in SEI. \u003C/p>\n\u003Cp>Validators can either stake SUI on their own or through the Sui Foundation, incentivizing them to align with the broader network goals and to ensure an efficient and secure platform. \u003C/p>\n\u003Ch2>How Does SEI Work?\u003C/h2>\n\u003Cp>SEI has a maximum supply of 10 billion tokens. The initial distribution of the tokens was allocated to the core team, investors, the Sei Foundation, and other ecosystem partners, and were subject to vesting schedules. \u003C/p>\n\u003Cp>To further distribute SEI tokens and encourage participation, two airdrop batches were conducted: one for users who bridged assets from eligible blockchains and another for active users of the Sei blockchain. \u003C/p>\n\u003Cp>The ARB cryptocurrency is mainly used for: \u003C/p>\n\u003Cul>\n\u003Cli>\u003Cstrong>Governance:\u003C/strong> SEI token holders can vote on proposals related to the development, upgrades, and overall direction of the network. \u003C/li>\n\u003Cli>\u003Cstrong>Transaction Fees:\u003C/strong> SEI is the primary currency for transaction fees on the Seo network, including fees for DEX trading and participating in other on-chain activities \u003C/li>\n\u003Cli>\u003Cstrong>Staking\u003C/strong>: Users can stake SEI tokens to contribute to the network's security and earn 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20 3868 9628","+442038689628",{},{},{"noFollow":30,"isExternal":30,"name":239,"value":240,"isEmail":30,"isPhoneNumber":27,"isText":30,"showOnDesktop":27,"showOnMobile":27,"attachment":241,"geofencings":242},"+1 800 712 5702","+18007125702",{},{},{"noFollow":30,"isExternal":30,"name":244,"value":245,"isEmail":30,"isPhoneNumber":27,"isText":30,"showOnDesktop":27,"showOnMobile":27,"attachment":246,"geofencings":247},"+352 20 88 10 96","+35220881096",{},{},{"noFollow":30,"isExternal":30,"name":249,"value":250,"isEmail":30,"isPhoneNumber":27,"isText":30,"showOnDesktop":27,"showOnMobile":27,"attachment":251,"geofencings":252},"+65 3105 1676","+6531051676",{},{},"\u003Cp>Please read the general \u003Ca href=\"/legal/risk-warning/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">Risk Warning\u003C/a>, and \u003Ca href=\"/legal/uk-investment-risk-warning/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">Risk Summary\u003C/a> for UK residents before investing in crypto-assets. \u003C/p>\n\u003Cp>Crypto-assets services are provided by the following Bitstamp legal entities depending on client residency: (1) Bitstamp Europe S.A., which is authorized by the Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg as a payment institution (licence number Z00000012) and crypto-asset service provider (licence number N00000003); Registered address: 40, avenue Monterey, L-2163 Luxembourg, Grand Duchy of Luxembourg; Registration number: B196856; (2) Bitstamp UK Ltd., which is registered with the Financial Conduct Authority (FCA) in the UK for the provision of certain cryptoassets activities under the Money Laundering Regulations (Firm Reference Number 978690); Registered address: 5 New Street Square, EC4A 3TW London, United Kingdom; Registration number: 14174243; (3) Bitstamp Ltd.with its registered address at 5 New Street Square, EC4A 3TW London, United Kingdom and registration number: 8157033; (4) Bitstamp Global Ltd., which is registered as a Virtual Asset Service Provider in the British Virgin Islands and is supervised by the British Virgin Islands Financial Services Commission (FSC); Registered address: Floor 4, Banco Popular Building, Road Town, Tortola VG1110, British Virgin Islands; Registered number: 2086429; and (5) Bitstamp Asia Pte Ltd, which is authorized by the Monetary Authority of Singapore (MAS) as a major payment institution (licence number PS20200667); Registered address: 63 Chulia Street, OCBC Centre East, #15-01, Singapore 049514; Registered number: 202016687K;\u003C/p>\n\u003Cp>Virtual currency services to US residents are provided by Bitstamp USA, Inc., which is licensed to engage in virtual currency business activity by the New York State Department of Financial Services. Licensed as a Money Transmitter by the New York State Department of Financial Services. Review a \u003Ca href=\"/legal/usa-inc/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">list of its licenses and other registrations\u003C/a> (NMLS number \u003Ca href=\"https://www.nmlsconsumeraccess.org/EntityDetails.aspx/COMPANY/1905429\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">1905429\u003C/a>) for more information; Registered address: 85 Willow Road, Menlo Park, CA 94025, United States of America; Registered number: 5481543.\u003C/p>\n\u003Cp>Investment services with regards to trading in crypto derivatives are provided by Bitstamp Financial Services Ltd., which is authorized and supervised by the Slovenian Securities Market Agency (ATVP) as a MiFiD investment firm. Trading crypto derivatives carries significant risks and may result in substantial losses. Please trade responsibly and ensure you understand the associated risks. You can find more about the risks \u003Ca href=\"/legal/financial-services/general-terms-and-conditions/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">here\u003C/a>. To help you understand the risks involved we have put together a series of \u003Ca href=\"/derivatives/key-information-documents/\" target=\"_blank\" rel=\"noopener noreferrer\">Key Information Documents (KIDs)\u003C/a> highlighting the risks and rewards related to each derivatives contract. Crypto derivatives trading is not available to customers in the US, Canada, Japan and some other countries. Bitstamp Financial Services Ltd. does not provide crypto-asset services.\u003C/p>\n\u003Cp>To find out more about which Bitstamp entity you receive services from, please check the Profile/My information in your Bitstamp account. 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