Tech
Sei V2 advances Blockchain technology with parallelized EVM
Sei V2 introduced a revolutionary update to blockchain technology by deploying a high-performance parallelized Ethereum Virtual Machine (EVM) into production. This update is designed to improve the operational dynamics of decentralized networks and expand the capabilities of the Sei ecosystem. The Sei V2 launch is being conducted in phases to minimize risk, optimize performance and set realistic expectations for EVM projects. This article will explore the three phases of the Sei V2 launch and the significant benefits it offers to users and operators.
At the heart of Sei is a delegated, open source, permissionless proof-of-stake network, governed by SEI token holders. The initial phase of the Sei V2 launch begins with the Governance approval process initiated by Sei Labs engineers. This involves notifying validators that Sei V2 is available for adoption on the Mainnet. This step follows a series of in-depth checks and optimizations identified during Sei V2’s public Devnet phase.
After receiving governance approval, validators will upgrade their software, transforming the current Mainnet Sei Pacific-1 into Sei V2. This transformation enables the implementation of EVM-based contracts and the seamless integration of infrastructures on the Sei network. It is crucial to note that existing applications and tokens will remain unaffected by this update, ensuring a smooth transition for users.
During the initial phase of the upgrade, Sei Labs will monitor the stability of the blockchain and provide reports on its performance. While not all features will be available immediately, the community can expect a gradual deployment of essential infrastructure components, such as bridges, on the Mainnet. This progressive implementation aims to create a robust and secure environment for users.
The completion of the Sei V2 launch will be signaled by an official announcement on the Sei Twitter account, confirming the stability of the Sei V2 and the readiness of critical infrastructure elements. At this stage, remote procedure calls (RPCs), bridges, indexers and multisigs will be fully operational, providing a solid foundation for developers, operators and users to take full advantage of Sei V2’s advanced features.
By implementing a phased approach, Six Collaborators can unlock numerous benefits that contribute to a thriving ecosystem. This phased rollout allows for meticulous testing and continuous monitoring of network stability, ensuring that potential issues are promptly identified and resolved. This approach also allows third-party infrastructure providers, such as bridges and RPC nodes, to align their systems with the updated Sei network, facilitating a seamless transition to Sei V2 at scale.
The upgrade to Sei V2 has significant implications for EVM designs and infrastructure deployments. By completing the upgrade process, Sei Labs establishes a framework for EVM-based projects to begin Mainnet deployments, unlocking new possibilities and expanding the ecosystem’s capabilities. This step-by-step approach also helps you measure and optimize network performance. As more users and operators join the Sei ecosystem, valuable insights are gained that enable fine-tuning of network parameters to ensure stability, scalability and improved performance for all participants.
Sei V2 marks an important milestone in blockchain technology by bringing the world’s first high-performance parallelized EVM into production. Through a meticulous governance approval process and phased launch, Sei Labs aims to create a robust, future-proof ecosystem that minimizes risks, sets high expectations and optimizes network performance. As Sei V2 reaches its final phase and critical infrastructure components become fully operational, the blockchain community eagerly anticipates the transformative potential of this remarkable upgrade.