SEDA Protocol Price

At its core, SEDA Protocol is a layer one network with a mission to establish a robust framework for data transmission and computation. Unlike traditional blockchain solutions, SEDA focuses on creating a multi-faceted approach to accessing off-chain data, making it universally accessible across various blockchain networks.

Key Components

The SEDA Protocol is built upon several integral components:

• SEDA Chain: This foundational blockchain layer ensures the secure and efficient transmission of data across different networks, creating a solid backbone for all operations.

• Overlay Network: Operating as an additional infrastructure layer, the Overlay Network enhances the protocol's ability to manage and route data effectively for diverse applications.

• Solvers: These entities serve a critical function by processing and validating data requests, ensuring that the information transmitted retains both accuracy and reliability.

• Data Providers: Private entities contribute real-world data, which is essential for the effective functioning of the network and enables the SEDA Protocol to perform its core functions.

By combining these elements, SEDA Protocol establishes a framework where on-chain applications can interact meaningfully with off-chain data.