SEDA

Technical Innovations

SEDA Chain

The core of SEDA’s architecture is the SEDA Chain, built on the Cosmos SDK. This chain acts as both a settlement and checkpointing layer within the network, ensuring overall security and consensus. It generates proofs to support SEDA’s interoperability capabilities with other networks​.

Solver Network

SEDA’s solver network is central to its operation, enabling efficient and secure data querying and transport. It supports one-click node spinups, allowing community participation and benefits. This network also captures and redeploys Open External Value (OEV), enhancing the utility and economic model of SEDA.

Oracles 2.0

Traditional oracle systems have issues like centralization and bandwidth limitations. SEDA introduces oracles 2.0, addressing these challenges by providing permissionless, scalable, and secure data flows from any source to any destination network. This evolution maintains the decentralization ethos of blockchain technology while enhancing its functionality​.

Mainnet Launch and Ecosystem

The launch of SEDA’s mainnet marked a significant advancement in Web3 data access and configuration. With a theoretical limit of 10,000 transactions per second, the mainnet has been audited by Trail of Bits and received backing from leading venture capitalists. This foundation positions SEDA as a critical infrastructure component for future decentralized applications.

Applications and Use Cases

SEDA’s flexible and secure data layer supports various applications:

• DeFi (Decentralized Finance): Providing real-time, secure data feeds for financial products and services.
• Cross-Chain Communication: Enhancing interoperability between different blockchain networks.
• IoT (Internet of Things): Integrating real-world data from IoT devices into blockchain networks.

Team and Founders

SEDA was co-founded by Jasper De Gooyer, who serves as the CTO. The team is focused on creating a comprehensive oracle network that bridges real-world data with blockchain networks. SEDA’s development and launch have been supported by significant venture capital investments from Coinbase, Reciprocal Ventures, Distributed Global, Coinfund, and Hack VC​.

Governance and Tokenomics

The SEDA Token plays a pivotal role in the ecosystem, facilitating governance, network participation, and utility. Token holders can participate in network operations, propose and vote on changes, and engage in governance decisions. The token also serves as a mechanism for paying network fees and receiving rewards for participation in the network​.

Development and Adoption

SEDA’s modular and permissionless design allows developers to tailor data feeds and computational logic to their specific needs, promoting innovation and customization. Its chain-agnostic approach ensures that it can support a wide range of blockchain networks, making it a versatile tool for developers looking to integrate external data into their applications​.

Future Developments

SEDA plans to expand its capabilities, including enhancing its solver network and supporting a broader range of data types and sources. These developments aim to solidify SEDA’s role as a foundational component of Web3 data infrastructure, driving the decentralized web forward and empowering developers to create innovative applications.

This index entry aims to serve as a comprehensive resource on SEDA and will be updated as new information becomes available. Readers and contributors are encouraged to help maintain its accuracy and relevance by participating in the network’s governance and contributing to its development.