SEI- Blockchain for digital asset trading

Sei is the fastest Layer 1 blockchain, designed to scale with the industry.it is specialized for the exchange of digital assets.

Consensus mechanism

 Twin-Turbo consensus- It is a mix of Proof of stake and a Verifiable Random function to validate the transaction. It uses the Practical Byzantine Fault tolerance mechanism, which requires each node to sign when sending messages, and other nodes cannot modify other nodes' messages.

It consists of two parts

Intelligent block transfer- The user sends a query for the transaction to the full node or validator. After verifying the validity of the transaction it is added to the validator's mempool.

Optimistic block processing- It is a way of processing transactions in the block without waiting till voting is done. With OBP, there will be an estimated 30% decrease in latency and a 43% increase in throughput.  

They aggregate orders at the end of each block and validate simultaneously. This process is called parallelization.

SEIUSD prices surged more than 250% from the Nov low of $0.1085.It hit a high of $0.3900 and currently trading around $0.3671. The pair is holding above the short-term (21 and 55-day EMA) and the long-term moving average (200-day EMA).

The near-term resistance is around $0.500, any indicative breach above will take the pair to $0.60/$0.70. On the lower side, immediate support is $0.30, and any violation below targets $0.220/$0.180.

Indicators ( Daily chart)

CCI(50)- Bullish

Directional movement index - Neutral

It is good to buy on dips around $0.300 with SL around $0.220 for TP of $0.50.