Sei Labs releases Sei Giga whitepaper, intends to become an EVM L1 blockchain supporting multiple proposers

Mars Finance News: According to the official announcement, Sei Labs released the Sei Giga whitepaper, describing the path for Sei chain to become a Layer 1 Ethereum Virtual Machine (EVM) that supports multiple proposers. The solution adopts a parallel block proposal architecture, with key technical features including: 5 Ggas throughput, 200,000 TPS processing capacity, 400-millisecond transaction finality time, and a newly developed EVM execution client. In terms of technical architecture, Sei Giga achieves performance breakthroughs through an asynchronous state submission mechanism and Autobahn consensus protocol, claiming a 50-fold throughput improvement over traditional solutions while maintaining Ethereum smart contract compatibility. Project co-founder Jay Jog stated that the design aims to meet the high-performance infrastructure needs of Web3 applications, and the core development stage has been completed.