Binance Joins Sei Network as Validator Node
According to Sei Network’s official statement, Binance’s validator role supports high-speed transaction processing and scalability, aiming to enhance institutional blockchain adoption and network performance.
Sei Network announced in an official statement that Binance became a validator on Nov. 6, joining its high-performance Layer 1 blockchain tailored for institutional finance. Sei processes blocks in 400 milliseconds, and its planned Giga upgrade targets 200,000 transactions per second with 50x Ethereum Virtual Machine throughput. The network’s total value locked exceeds $680 million, supported by major institutional and infrastructure partners. Binance’s participation is intended to bolster blockchain security, enhance ecosystem collaboration, and expand institutional adoption.
- Validator Node: A server that participates in blockchain consensus by verifying transactions and adding new blocks.
- Layer 1 Blockchain: The base network architecture of a blockchain protocol, handling primary transaction processing and consensus.
- Sei Network: A Layer 1 blockchain designed for high-performance decentralized applications, focusing on speed and scalability.