Commonwealth is excited to announce our new partnership with Sei. Sei is the first sector-specific Layer 1 blockchain, specialized to give exchanges an unfair advantage. They’ve officially launched their forum on Commonwealth as a way to strengthen their community and build out their governance!
Sei: The First Sector-Specific Layer 1 Blockchain
Exchanges are the killer app of crypto; however, current Layer 1s limit their success. Sei aims to mitigate this problem by unlocking a new design space in between as a sector-specific L1. There are currently 100+ teams from Solana, Polkadot, and more building on top of Sei going into mainnet launch.
Sei is the first sector-specific Layer 1 blockchain, specialized for trading. They are building towards the future financial system - infrastructure to support capital markets, starting with exchanges. Every aspect of the blockchain has been optimized to help exchanges run better and offer the best UX for their end users. Some of their key features include:
- Native order matching engine - drives scalability of orderbook DEXs built on Sei
- Breaking Tendermint - Sei is the fastest chain to finality at ~600ms
- Twin-turbo consensus - improves latency and throughput
- Frontrunning protection - combats malicious frontrunning that is rampant in other ecosystems
- Market-based parallelization - specialized parallelization for DeFi
The combination of these optimizations make it possible for new types of financial products to emerge—everything ranging from live sports betting to complex options and futures.
Commonwealth: The All-In-One DAO and Community Platform
Commonwealth accommodates various governance processes. This way, crypto projects don’t need to be managed across multiple platforms, like Discord and Telegram, once they create a forum on our website. Since our inception more than two years ago, we’ve become the all-in-one governance tool and crypto-native community used by many of the top DeFi projects to discuss, vote on, and fund their initiatives. This is because we’re the first project to provide an all-in-one platform for decentralized governance, community discussions, treasury management, and more.
At its core, blockchain technology is creating a decentralized system that operates without a central authority. This is allowing DAOs to organize themselves online. In a DAO, decisions are made by a community organized around a specific set of rules all coded on the blockchain, making them 100% transparent and community-driven. They happen to share one bank account, where members vote on how funds are raised and distributed. In contrast, the critical decisions of today’s leading financial institutions are made by a select group of people behind closed doors. We want to usher in the future of decentralized governance.
By joining Commonwealth, Sei’s community operations will be fundamentally improved. Everything from discussions to crowdfunding to executing proposals can happen on our platform, giving them more efficient community management. With more functionality on a streamlined system, their governance process will become seamless.
Participate in the Sei Commonwealth Forum
The Sei Commonwealth forum is now live! Users are encouraged to create a discussion or proposal on their platform at https://commonwealth.im/sei-network/
The Sei platform on Commonwealth will continue to be built out with custom product features to optimize their community and ecosystem by their mainnet launch so stay tuned!