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A Beginner’s Guide to the Sei Protocol: Revolutionizing Decentralized Asset Trading

Published on: Aug 18, 2023Updated on: Nov 30, 2023
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In Brief

Explore Sei Protocol – a Layer 1 blockchain for decentralized asset trading. Also learn how to manage SEI tokens safely with Trust Wallet.

A Beginner’s Guide to the Sei Protocol: Revolutionizing Decentralized Asset Trading


In an era where the cryptocurrency market has reached unprecedented heights, a new protocol is making waves in the decentralized exchange (DEX) ecosystem. Sei, a Cosmos based layer-1 blockchain, is transforming digital asset trading by marrying the speed and ease of centralized exchanges with the robust security of decentralization. What's even more exciting is that you can manage Sei tokens within Trust Wallet, a feature we'll delve into later.


What is Sei?

Sei is on a mission to redefine the world of decentralized asset trading. By addressing the ‘Exchange Trilemma,’ it aims to revolutionize the existing layer-1 and layer-2 infrastructures that have been unable to meet the explosive demand in the crypto space.

Dubbed the ‘Decentralized NASDAQ,’ Sei offers access to thousands of tokens across various blockchain applications, including DeFi, NFTs, and GameFi ecosystems.

How does Sei work?

Sei’s unique approach consists of several key components:

  1. Twin Turbo Consensus Mechanism: Leveraging Cosmos SDK and Tendermint Core, it provides decentralized trading apps with speed, security, capital efficiency, and decentralization.

  2. Lightning Speed Transactions: Sei claims to offer 500 milliseconds in transaction finality, making it highly scalable.

  3. Addressing Front-running and MEV: Sei tackles issues like front-running and maximal extractable value (MEV) using the Tendermint Core mechanism.

  4. Parallelization: This divides the work into smaller chunks, processing them simultaneously to prevent front-running.

  5. Centralized Limit Order Book (CLOB): A unique ordering system to place and execute orders in one step, saving gas costs.

What value does Sei bring to Web3?

Some of Sei’s important contributions to Web3 include the following:

The Sei Token

The Sei blockchain is powered by a native token called SEI. This digital asset plays several vital roles in the ecosystem:

With 1.8 billion SEI tokens in open circulation (at time of writing), it has been listed on renowned exchanges and experienced a remarkable surge.

Who’s the team behind Sei?

The brains behind Sei include Jeffrey Feng, Dan Edlebeck, and Jayendra Jog, along with other co-founders and team members who held prestigious positions in traditional tech and finance landscapes. Sei's innovative approach has attracted major investors, who have infused $30 million and an additional $50 million into the blockchain.

How to deposit SEI tokens in Trust Wallet

You send, receive, and hold SEI tokens in your Trust Wallet. Before you get started with that, you’ll of course need the latest version of the app. Here’s how to get started.

Step 1: Download the latest version of Trust Wallet.


Step 2: Set up your wallet

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Tip: If you already have a wallet that’s not Trust Wallet, you can choose to import that wallet. In this case, you’d choose the “I already have a wallet” option.

Step 3: Deposit SEI to your Trust Wallet

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Sei is much more than just another blockchain protocol; it's an ambitious attempt to reshape the decentralized asset trading landscape. With its fast transactions, focus on security, and unique offerings, Sei looks to help more people access what the decentralized web has to offer. So whether you're a crypto enthusiast, a developer, or simply curious about the future of decentralized trading, Sei's expansive ecosystem offers a fascinating insight into what the future might hold.

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Note: Any cited numbers, figures, or illustrations are reported at the time of writing, and are subject to change.

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