The term DeFi original chain was glimpsed by the market when Berachain and Sei first appeared. Sei defined himself as the first real DeFi dedicated chain. innovation consensus. As the first track to explode in Web3, DeFi has gained the attention and welcome of mainstream users, and has now developed into one of the largest industries in the cryptocurrency field. DeFi can provide all financial services (savings, loans, investments, insurance, etc.) and replace global centralized financial products. The future of DeFi will allow everyone to use these financial services through smartphones and the Internet. By using cryptocurrencies, blockchain technology and smart contracts, DeFi will bring about revolutionary financial technology and market changes.
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Who are Berachain and Sei?
Berachain will be a high-performance, scalable, EVM-equivalent smart contract and cross-chain interoperability platform. The current implementation of Berachain is built on top of Cosmos-SDK and utilizes its native consensus mechanism Tendermint. The combination of Tendermint and Berachains novel Proof-of-Liquidity anti-Sybil attack mechanism enables Berachain to provide fast transaction speeds, low transaction costs and deterministic finality, while also creating a new interoperability between consensus engines and virtual machines layer. This layer is responsible for maintaining the consensus collateral chain-native stablecoin, improving the efficiency of staking capital, and most importantly, increasing the level of Sybil resistance compared to traditional proof-of-stake blockchains.
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Low-level design and technical advantages
Sei adopts the Twin-Turbo consensus (intelligent block propagation + optimistic block processing), and has a built-in order matching engine to promote the scalability of the order book DEX on Sei. At the same time, it breaks Tendermint and can provide 600 milliseconds. Because it has DeFi-specific parallelization, it supports greatly improved throughput and order processing. That is to say, as a DeFi original chain, it has the following obvious advantages in transactions:
Native order book matching mechanism to improve scalability; and built-in native price oracle to provide high-quality and reliable data feeds
Front-running prevention, implemented by batching aggregated orders, a mechanism that avoids the MEV problem; Sei can aggregate each order together at the end of a block and execute all market orders at the same price to help prevent front-running.
Parallel processing greatly improves TPS and order processing capabilities;
Sub-second settlement, about 600 milliseconds.
Based on the current incentive mechanism and economic model, Berachain innovates the liquidity proof consensus, which better handles the incentive mechanism between investors, builders and users interacting with the network. It is a high-performance, scalable and equal A smart contract and cross-chain interoperability platform that works on the EVM. Since the white paper has not yet been disclosed, we can summarize several innovative advantages of Berachain from existing technical materials:
Liquidity proof consensus: Liquidity proof (Proof of Liquidity) is used to solve the liquidity difficulties that other Layer 1 blockchains are dealing with. According to expectations, DeFi on Berachain will have more and more abundant liquidity supply, and its holders will also gain a higher advantage.
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In addition to the technical innovations of Sei and Berachain in different directions, they both chose the Cosmos SDK and have the following common advantages:
Customizable: Ability to design the entire end-to-end blockchain process and customize built-in functions for special needs.
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Sei’s team believes that most Layer 1s fall into two extremes — general-purpose chains at one end (Solana, Ethereum) and application-specific chains at the other end (dYdX, Osmosis). The application professional chain is currently in development, and it has also received market attention and expectations due to its advantages such as high performance, customization, and throughput adaptation. However, most Layer 1 universal chains have obvious problems in the field of DeFi:
Non-scalable - the universal chain often adopts a one size fits all approach. Although there are various explorations for scalability solutions, scalability problems can be foreseen when looking at its basic design.
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The DeFi protochain unlocks a new design space between the general chain and the application chain - neither general nor application-specific, but specific to a certain industry. For example, Seis goal is to create a An environment customized for DEX applications, Berachain expects to solve the problems of lack of liquidity and insufficient sustainability that plague the DeFi industry through the liquidity proof mechanism.
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epilogue
Although Ethereum occupies half of the public chain structure, we have also seen the rise and innovation of various new public chains. Officially seeing the shortcomings of the underlying architecture of Ethereum, the new public chains are exploring in their own directions. we are atWill Modular Blockchains Bring the Future of Web3 Users? text
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references
https://twitter.com/Yyy 1092422472/status/1571790966834724864
Introducing Berachain
https://medium.com/@itsdevbear/introducing-berachain-4 f 7 dc 303 2c17
0 xzx.com
https://0 xzx.com/2022102508132773621.html
Sei is the first sector-specific Layer 1 blockchain, specialized for trading to give exchanges an un
Overview
https://docs.seinetwork.io/introduction/overview
