Seinetwork Avi

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What is the EVM?

The EVM (Ethereum Virtual Machine) is used to process transactions in blockchains such as Ethereum. Most crypto native developers are extremely familiar with the EVM. Unfortunately, the EVM is quite inefficient - on Ethereum L1, it’s not able to process more than ~20 TPS. This results in
  • high transaction fees for users, often going into hundreds of dollars for simple transactions
  • a restricted design space for developers, who are unable to build high performance applications

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What is parallelization?

Parallelization lets you process multiple things at the same time (i.e. in parallel). This is commonly used in software engineering to take advantage of modern hardware (which has multiple cores) to process multiple workstreams at the same time. For Sei, parallelization is used to process multiple independent transactions at the same time.

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What are the benefits of Sei?

Sei represents a 100x improvement on the EVM. This will unlock an entirely new design space for application developers, and make the EVM much cheaper to access for normal people.