Sei

The Blockchain for Trading • Infrastructure for the modern economy • RT ≠ endorsement • Account managed by @Sei_FND

[Sei @SeiNetwork]

Introducing The Giga Roadmap.

The first public roadmap of the milestones leading to the Giga Upgrade.

Implementing the Giga Upgrade to the live network is an extraordinarily complex engineering task.

Follow every step from here to Giga: https://t.co/HrHWzi56e8

[Sei @SeiNetwork]

"By having transactions public, users are exposed to a world of risk...

In some ways this is the original sin of crypto... Financial transactions need to be predictable."

Sedna fixes this. Predictable execution, by design.

[Sei @SeiNetwork]

Read more about how Sedna will deliver pre-execution privacy on Sei: https://t.co/ukjk0l0xYr

[Sei @SeiNetwork]

"By having transactions public, users are exposed to a world of risk...

In some ways this is the original sin of crypto... Financial transactions need to be predictable."

Sedna fixes this. Predictable execution, by design.

[Jay @jayendra_jog]

Last week we started talking about privacy on @SeiNetwork.

This will come to Sei via a private transaction layer called Sedna.

Sedna will give roughly 90% of the benefits of privacy but takes 0.01% or less of the work a full ZK layer would take.

Privacy is relevant in two domains: pre-execution and post-execution.

Pre-execution privacy means simply that a transaction is private up until the point of finality, where it can't be reverted.

This is the domain where privacy matters most.

By having transactions public pre-execution, users are exposed to a whole world of risk that makes using a blockchain unfavorable.

In some ways this is the original sin of of crypto. All MEV stems from this. Public transactions can be frontrun, backrun or sandwich attacked by other users. They can also be reordered or outright excluded by validators.

This happens on layer 1 blockchains all the time and largely the space has come to accept it.

I don't, and I believe the space has set itself back by years in accepting the rampant levels of MEV we see today.

Financial transactions need to be predictable. For retail and institutions to use blockchains, those chains need to be predictable.

With Sedna, Giga will have this. Presently @Sei_Labs is finalizing v2 of the Giga whitepaper, which explains the interaction between Giga and Sedna, and more.

[Sei @SeiNetwork]

@jayendra_jog who's building this

[Sei @SeiNetwork]

~50% of US equity volume trades privately.

Nearly $300B a day moving through dark pools or off-exchange.

Less than 1% of onchain trading volume is private.

Onchain trading isn't built for how institutions trade. Yet.

[Sei @SeiNetwork]

On a per-transaction basis, marginal fee differences are negligible.

For high-volume trading, those differences compound, and fee efficiency becomes a core requirement.

Speed, scale, near-zero fees, and privacy on the way.

Sei is the blockchain for trading.

[Sei @SeiNetwork]

@Nick_Researcher @ourcryptotalk zing

[Sei @SeiNetwork]

@ourcryptotalk nice!

[Sei @SeiNetwork]

Add privacy to this list.

These specs make Sei fast and final. Privacy makes it predictable.

Public transactions get front-run, reordered, and picked off before they settle.

With Sedna, transactions stay private until finality.

This is infrastructure for the modern economy.

[Sei @SeiNetwork]

Read more on Sedna and privacy coming alongside Sei Giga: https://t.co/ukjk0l0xYr

[Sei @SeiNetwork]

Add privacy to this list.

These specs make Sei fast and final. Privacy makes it predictable.

Public transactions get front-run, reordered, and picked off before they settle.

With Sedna, transactions stay private until finality.

This is infrastructure for the modern economy.

[Jay @jayendra_jog]

Last week we started talking about privacy on @SeiNetwork.

This will come to Sei via a private transaction layer called Sedna.

Sedna will give roughly 90% of the benefits of privacy but takes 0.01% or less of the work a full ZK layer would take.

Privacy is relevant in two domains: pre-execution and post-execution.

Pre-execution privacy means simply that a transaction is private up until the point of finality, where it can't be reverted.

This is the domain where privacy matters most.

By having transactions public pre-execution, users are exposed to a whole world of risk that makes using a blockchain unfavorable.

In some ways this is the original sin of of crypto. All MEV stems from this. Public transactions can be frontrun, backrun or sandwich attacked by other users. They can also be reordered or outright excluded by validators.

This happens on layer 1 blockchains all the time and largely the space has come to accept it.

I don't, and I believe the space has set itself back by years in accepting the rampant levels of MEV we see today.

Financial transactions need to be predictable. For retail and institutions to use blockchains, those chains need to be predictable.

With Sedna, Giga will have this. Presently @Sei_Labs is finalizing v2 of the Giga whitepaper, which explains the interaction between Giga and Sedna, and more.

[Sei @SeiNetwork]

@fhenix noticing

[Sei @SeiNetwork]

@sjones @MonacoTrading @cultztrade @m1markets @wendotmarket @trademontecarlo wow

[Sei @SeiNetwork]

A blockchain for trading needs privacy.

That's the problem Sedna is built to solve.

More from @TokenRelations on privacy, coming to Sei:

[Token Relations @TokenRelations]

https://t.co/vCuuwL3gqr

[Sei @SeiNetwork]

@MonacoTrading gm

[Jay @jayendra_jog]

Here's the current roadmap for when we should start to see privacy on @SeiNetwork:

1. Ship upgrades to execution and storage (Ares and Eidos upgrades)
2. Ship consensus upgrade (Autobahn mainnet)
3. Ship the Sedna Upgrade
4. Ship further consensus upgrades

[Sei @SeiNetwork]

Yes, this is the start of privacy on @SeiNetwork.

[Jay @jayendra_jog]

Lots of people asking about what Sedna means for privacy on Sei.

Yes, this is the start of privacy on @SeiNetwork.

With Sedna we solve 90% of the privacy problem with 0.01% of the work ZK requires.

[Jay @jayendra_jog]

Both Sei and Solana are pursuing upgrades to multi-proposer consensus, designed to massively increase speed and throughput.

But, existing multi-proposer chains struggle with spam. On some live chains transactions can duplicate up to 100x.

@Sei_Labs solves this with Sedna.

[Sei @SeiNetwork]

Privacy is coming to Sei.

Multi-proposer consensus, like Sei Giga's Autobahn, provides massive gains in throughput and speed.

The tradeoff: increased spam via duplicate transactions.

Sedna, an upcoming protocol from @Sei_Labs, removes spam while bringing privacy and MEV resistance to Giga.

https://t.co/OHTaFKpLZH