Sei Network Version 2 Introduces Advanced EVM Capabilities

Tuesday, 21 May 2024, 10:40

The Sei Foundation's upgrade to Sei Network version 2 introduces a high-performance EVM, providing sub-second transaction finality, enhanced compatibility, and smoother state synchronization. The proposal aims to elevate network capabilities, attracting prominent Ethereum-based applications to deploy on the network.

https://store.livarava.com/ee99e26d-1761-11ef-a6c6-63e1980711b2.jpg — Sei Network Version 2 Introduces Advanced EVM Capabilities

Sei Network Version 2 Introduces Advanced EVM Capabilities

The Sei Foundation's blockchain upgrade to version 2 introduces a high-performance EVM, enhancing network capabilities and interoperability.

Sei Network's Transition to Version 2: Enhancing Performance

On Monday, the foundation announced a proposal to upgrade the Sei blockchain to version 2. The upgrade will enable seamless porting of Ethereum-based contracts to Sei, offering sub-second transaction finality and near-instantaneous processing.

Enhanced user experience with quicker transaction finality
Advanced features like parallelized execution
Integration of SeiDB for more efficient data management

Market Impact and Future Prospects of the Upgrade

The proposed upgrade will be implemented in three stages: governance voting, alpha launch, and beta launch. Ethereum-based applications plan to deploy on the Sei v2 network, indicating a positive market outlook for the upgrade.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.