Sei Launches The Parallel Stack to Improve Ethernet L2 TPS

Sei Labs, a startup co-founded by a former Robinhood engineer and a former venture capitalist at Coatue, on Wednesday launched The Parallel Stack, a pro bono project meaning it's free for any cryptocurrency developer to use, which aims to improve the performance of the L2 blockchain by using proven computer science concepts of parallel processing to improve the Transactions per second (TPS) performance of the Ethernet Virtual Machine (EVM)-based L2 blockchain.