• Sei co-founder Jay Jog defined how blockchain competes with Ethereum and Solana.
• The founders defined how briskly sei is and the way EVM is a horny choice for builders.
• With the Sei v2 improve, we count on extra builders to affix the community.

In a brand new interview with cryptocurrency YouTuber Anthony Pompliano, SEI Labs co-founder Jay Jog highlighted what makes SEI's Layer 1 blockchain distinctive in comparison with its opponents.

In line with the founders, sei's EVM parallelization units it aside from different layer 1 networks. Particularly, this infrastructure permits builders to make use of his EVM whereas the blockchain maintains excessive transaction speeds.

Jog defined that whereas Ethereum Digital Machine (EVM) is a breakthrough expertise, it was not constructed with scaling in thoughts. In the meantime, Jog mentioned Solana is increasing its blockchain to help higher throughput. To wrap this up, the founders mentioned that sei's final purpose is to scale EVM similar to Solana.

Moreover, Jog pointed to the Sei v2 improve as a catalyst to carry extra builders into the community. As said within the video, this improve removes obstacles for these trying to deploy his DeFi protocols on the blockchain.

The founder, who has $57 billion value of DeFi deposits on Ethereum, mentioned the improve may draw builders from Ethereum to SEI. These trying to migrate will welcome the improve, which permits Ethereum builders to change to Sei with out having to reconfigure their code.

Jog mentioned sei may grow to be one of many bigger layer 1 blockchains within the coming years. Layer 1 blockchain, however, boasts of being the quickest of any blockchain and is among the initiatives that has attracted the eye of the cryptocurrency neighborhood since final 12 months.

SEI rose barely over the previous 24 hours, in accordance with knowledge from CoinMarketCap. Up to now 7 days, the worth of the token elevated by 5.09%. On the time of writing, SEI is buying and selling at $0.6319.