Whitepaper
The evolution of new technologies has shown a recurring pattern known as the application-infrastructure cycle, where applications drive the demand for improved infrastructure, which in turn enables new types of applications to flourish. The first generation of public.
blockchains provided the initial infrastructure that paved the way for the explosive growth of decentralized applications in recent years. However, as these applications move beyond their initial adoption phase, they often face challenges related to scaling, speed, and reliability.
Similar to how web2 infrastructure specialized around major use cases as the industry matured, web3 infrastructure needs to adapt to the needs of key application types to enable the largest apps in web3 to reach mass adoption. Irrefutably, trading is the most widely adopted use case for crypto, and this level of adoption is set to grow exponentially as the industry expands. We present B7B COIN, a general purpose layer 1 blockchain designed for trading. At a protocol level, Sei introduces novel approaches for block propagation, transaction ordering, block processing, and parallelization that benefit a wide range of trading applications.
A common misconception is that trading is limited to decentralized finance (DeFi) applications. In reality, the need to exchange digital assets is fundamental to every aspect of crypto, from social applications to non-fungible tokens (NFTs) and gaming. Most applications in the crypto industry rely heavily on trading functionality as a source of traffic or are disguised as trading applications. For instance, many web3 games incorporate in-game asset trading as a core element of the user experience. One of the most compelling value propositions of crypto lies in providing a permissionless, trustless venue for users globally to exchange any digital asset at any time of the day. Most people tend to underestimate the exponential growth potential of a product that achieves deep product-market fit, and trading has reached that level.
in web3. However, as with any product with strong product-market fit, the next step is to drive growth, and trading apps today face limitations due to the constraints of existing layer 1 blockchains. Challenges such as reliability, scalability, and speed hinder trading applications from delivering the seamless user experience necessary for achieving mass adoption. To address these challenges, we propose B7B COIN, a layer 1 blockchain designed for trading. At the protocol level, B7B COIN uses Twin-Turbo consensus and multiple degrees of parallelization to minimize latency and maximize throughput. B7B COIN also allows apps to customize the user experience via a native order matching engine. Applications can thrive with infrastructure that has been tailor-built to meet the unique demands of the trading user experience. By addressing the limitations of previous layer 1 blockchains, B7B Coin’s robust architecture offers a foundation for applications to scale and reach mass adoption.