Comprehensive Guide to the Sei V2 Launch

Welcome to the Sei V2 Launch: A Game-Changing Upgrade

At Extreme Investor Network, we are thrilled to share exclusive insights into the highly anticipated launch of Sei V2, a proposed upgrade to the live blockchain that is set to revolutionize the industry. This upgrade is poised to introduce the first highly performant parallelized EVM into production, pending a meticulous Governance approval process.

The launch of Sei V2 will be divided into three carefully planned phases, each designed to ensure optimal network performance, set accurate expectations, and minimize risk. This strategic approach will allow Sei Contributors to conduct thorough testing, monitor network stability, and ensure that all third-party infrastructures are fully prepared for users to leverage Sei at scale.

Related:  Meet Binaifer Nowrojee, the New President of Open Society Foundations

Phase 1: Governance

As a permission-less, open-source, delegated proof-of-stake network, Sei is governed by SEI token holders. Sei Labs engineers will notify validators about the readiness of V2 for Mainnet adoption through an on-chain proposal, initiating the Governance approval process. This follows numerous audits and optimizations identified during the Sei V2 public Devnet.

Phase 2: Alpha Launch, Stability, and Third-Party Infrastructure Deployment

Once the Governance approval process is completed, validators will commence upgrading their software, and the existing Sei Pacific-1 Mainnet will transition to “v2”. This phase enables the deployment of EVM-based contracts and the integration of infrastructure on Sei, allowing existing applications and tokens to function as usual. Sei Labs will closely monitor chain stability during this phase, with bridges and other functionalities requiring additional deployment time before community utilization.

Related:  BlackRock to launch a Saudi investment firm backed by $5 billion from PIF

Phase 3: V2 Ready

Upon achieving a stable v2, an announcement will be made via the official Sei Twitter account, signalling the readiness of critical infrastructure such as RPCs, bridges, indexers, and multisigs. Initially, a block gas limit will be imposed for stability, with plans to raise the limit as community demand grows. Despite this significant upgrade, the journey to optimize Sei continuously continues, with the ultimate goal of facilitating consumer-grade applications and serving millions of users.

At Extreme Investor Network, we are committed to bringing you the latest updates on the Sei V2 launch. Stay tuned for more groundbreaking developments in the world of blockchain and cryptocurrency.

Related:  Today's XRP News: Ripple Launch Optimism Sparked by US Stablecoin Legislation

Tags: Blockchain, Sei V2, Cryptocurrency, Sei Labs, Governance, EVM, Mainnet Upgrade

For more information on the Sei V2 Launch and other exclusive insights, subscribe to our newsletter and join our community of Extreme Investors.

Source link