About SEDA Protocol

SEDA is a multichain, open protocol that securely connects real-world data to any blockchain. It enables smart contracts on various networks to access off-chain or cross-chain information. Unlike traditional oracles, SEDA is a decentralized data transmission protocol built with robust cryptographic security, strong backups, flexible configuration, and computational capabilities. The SEDA Network is designed to be permissionless, allowing anyone to validate, exchange, relay, and request data across networks securely. Existing FLX token holders can upgrade to the new SEDA token, which will power the network. This new token introduces a deflationary mechanism (data requests burn tokens), an inflationary mechanism (validators earn tokens for security and bridging), and network governance (toke...