Excited to announce Sei v2 - the first parallelized EVM, allowing Sei to get the best of Solana and Ethereum - a hyper optimized execution layer that benefits from the tooling and mindshare around the EVM

A technical 🧵 2/ Sei has been live for over 3 months now, and has consistently been the fastest chain out there, finalizing blocks in 390ms. Sei is seeing greater engagement from developers, and the biggest pain point for devs is lack of EVM support. As a result, @Sei_Labs is proposing Sei v2

One of the biggest questions we got when starting @SeiNetwork is how we plan to economically secure Sei in the longer term.

The long term solution? Additive security - lets dive in🧵 2/ One way to take over a proof of stake chain is by having a validator that has a substantial supply of the staked tokens. On Tendermint based chains, this requires control over 1/3 of the staked tokens.

The lower the market cap of a chain, the easier it is to take over

The @SeiNetwork whitepaper came out today. There are alot of moving parts, so let's dive in 🧵 2/ There are a seven major areas of innovation that Sei has:
- Intelligent block propagation
- Optimistic block processing
- DeliverTx Parallelization
- Endblock Parallelization
- Native price oracles
- Frequent batch auctioning
- Transaction order bundling

1/ @SeiNetwork Sei’s native order matching engine uses frequent batch auctioning (FBA) to help match and fill trades. Rather than executing trades sequentially, market orders are aggregated at the end of a block and executed at the same price 2/ As an example, lets say that the orderbook has 2 limit sell orders, one to sell 1 unit of asset ABC for $10, and another to sell 1 unit of asset ABC for $11. Two market orders to buy 1 unit of the asset come in - what price would they get filled at?

1/ I’ve been getting questions about how @SeiNetwork prevents MEV (maximal extractable value). In the longer term, rather than actively trying to prevent MEV entirely, I anticipate Sei validators will use auctions to allow searchers to privately submit profitable transactions 2/ MEV is when validators profit from deciding which transactions to include in a block and their respective ordering. @Tendermint_Core orders transactions based off when they are added to the mempool, but validators can change this code and run a custom binary to profit from MEV

1/ @Seinetwork is currently working on optimistic block processing to improve block speed and throughput: 2/ During the propose step in @Tendermint_Core, a block is proposed and disseminated to other validators. Validators then send prevote and precommit messages to each other to agree that this is the block they want to commit

1/ After building on Terra for while, I get questions about how experienced web2 engineers can get onboarded as Terra developers. This is my journey to getting started 2/ Learn the fundamentals of Rust. Terra smart contracts are written in Rust, and you should familiarize yourself with basic rust programming. You can go through doc.rust-lang.org/stable/book/ (chapters 1,3,4,5,6,8) or go through the rust section of academy.terra.money