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CRYPTO 101
Ep. 535 Bringing Speed as a Layer 1 Blockchain with Sei Network
May 11, 2023
Jayendra Jog, co-founder of Sei Network, discusses his journey from high school debates to building a Layer 1 blockchain designed for speed and reliability. The conversation compares Sei's performance to giants like Ethereum and Solana while exploring its quick finality and high-frequency trading capacity. Jayendra delves into combating spam attacks and the unique twin turbo consensus mechanism that boosts processing speed. The network's $120 million ecosystem fund, fostering over 150 projects, highlights Sei's adaptability amid market fluctuations.
40:57
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Quick takeaways
- Sei Network aims to revolutionize decentralized exchanges by offering a unique layer one blockchain that enhances speed, efficiency, and scalability.
- The co-founder emphasizes the importance of attracting developers to build on Sei's infrastructure for creating a robust ecosystem and diverse applications.
Deep dives
Background and Motivation for Say Network
The co-founder of Say Network, Jay Yogg, shares his journey into the crypto space, starting with his computer science background and involvement with initial projects in 2017. His experience at Robinhood during the GameStop trading frenzy revealed the pitfalls of centralized finance, particularly the lack of transparency and communication. This motivated him to shift towards decentralization, advocating for a transparent and trustless financial system. The chaotic events he witnessed spurred the idea of building a decentralized exchange, which eventually evolved into the current vision of Say Network.
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