“Revolutionizing Ethereum Speed: Sei Labs’ Innovative Solution in Blockchain Technology”

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Sei Labs, a startup co-founded by a former Robinhood engineer and a former VC from Coatue, has launched a new open sourced project that offers a novel, and exciting approach to make Ethereum faster and less expensive for developers. On Wednesday, Sei launched The Parallel Stack, a public good project – meaning free for any crypto developers to use. “The biggest limitation of the EVM is the lack of throughput,” Jay Jog, co-founder of Sei Labs, formerly of Robinhood, told TechCrunch. The Parallel Stack can do around 5,000 TPS, but is aiming to hit 10,000 TPS by the end of the year, Jog said. But they use different design philosophies and Sei’s focus is on higher throughput through parallel processing, said Jeff Feng, Sei Labs co-founder, previously an investor at Coatue.