Sei Labs Unveils Sei Giga: A Game-Changer for Blockchain Performance
Sei Labs, the driving force behind the Sei blockchain, has launched the Sei Giga whitepaper. This document outlines a groundbreaking design for the first multi-proposer Ethereum Virtual Machine (EVM) layer 1 blockchain.
Sei Giga aims to revolutionize blockchain performance. It uses parallel blocks and the Autobahn consensus protocol. This setup tackles common network bottlenecks like data availability, execution, and storage.
The whitepaper is a significant milestone for Sei.The blockchain has gained traction as one of the fastest-growing ecosystems. It has raised over $30 million from top crypto venture capital firms like Jump crypto and Coinbase Ventures.
Jay Jog, co-founder of Sei Labs, said, “Sei Giga reimagines blockchain performance. It offers unmatched scale and speed for real-world applications.”
Sei’s growth is evident. Nansen data shows a 44% rise in active addresses in 24 hours, reaching over 457k.Daily transactions have also surged by 43% to over 1.03 million.
Sei giga boasts notable features. It offers 5 gigagas throughput, 200k transactions per second, and sub-400 millisecond finality. This is more than 50x the throughput, 70x faster block production, and 40x execution efficiency compared to customary systems.
EVM compatibility ensures support for Ethereum smart contracts. This enables seamless integration with ETH apps. Decentralized exchanges and trading apps can enhance user experience with this upgrade.
