What is Sei testnet?
SEI Network aims to create a decentralized infrastructure for the energy industry that enables efficient and transparent energy trading, carbon credits management, and renewable energy project financing. The SEI Network proposes a proof-of-stake consensus mechanism that enables users to validate transactions and secure the network in exchange for rewards. The network’s native cryptocurrency is SEI, which is used for transactions within the network and as a means of payment for validators and service providers. The SEI Network also proposes a decentralized exchange (DEX) that enables users to trade SEI and other tokens in a peer-to-peer manner without the need for intermediaries. The DEX will utilize an automated market-making (AMM) algorithm to ensure liquidity and efficient price discovery. Additionally, the SEI Network aims to enable users to tokenize and trade carbon credits on the blockchain. This can reduce the cost and complexity of carbon credits management and trading.