Sei V2 has introduced a groundbreaking upgrade to blockchain technology by implementing a highly performant parallelized Ethereum Virtual Machine (EVM) into production. This upgrade is designed to enhance the operational dynamics of decentralized networks and expand the capabilities of the Sei ecosystem. The rollout of Sei V2 is being conducted in phases to minimize risks, 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 core of Sei is a permissionless, open-source, delegated 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 about the readiness of Sei V2 for adoption on the Mainnet. This step follows a series of exhaustive audits and optimizations identified during the public Devnet phase of Sei V2.
Upon receiving Governance approval, validators will upgrade their software, transforming the existing Sei Pacific-1 Mainnet into Sei V2. This transformation allows for the deployment of EVM-based contracts and seamless integration of infrastructure on the Sei network. It is crucial to note that existing applications and tokens will remain unaffected by this upgrade, 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. Although not all functionalities will be immediately available, the community can expect a gradual deployment of essential infrastructure components, such as bridges, on the Mainnet. This progressive rollout 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 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 strong foundation for developers, operators, and users to take full advantage of Sei V2’s enhanced capabilities.
By implementing a phased approach, Sei Contributors can unlock numerous benefits that contribute to a thriving ecosystem. This gradual rollout allows for meticulous testing and continuous monitoring of network stability, ensuring that potential issues are promptly identified and resolved. This approach also enables third-party infrastructure providers, such as bridges and RPC nodes, to align their systems with the upgraded Sei network, facilitating a seamless transition to Sei V2 at scale.
The upgrade to Sei V2 has significant implications for EVM projects and infrastructure deployments. By completing the upgrade process, Sei Labs establishes a framework for EVM-based projects to commence their Mainnet deployments, unlocking new possibilities and expanding the ecosystem’s capabilities. This phased approach also allows for the measurement and optimization of network performance. As more users and operators join the Sei ecosystem, valuable insights are gained, enabling the fine-tuning of network parameters to ensure stability, scalability, and enhanced performance for all participants.
Sei V2 marks a major milestone in blockchain technology by introducing the world’s first highly performant parallelized EVM into production. Through a meticulous Governance approval process and a phased launch, Sei Labs aims to establish a robust and 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 is eagerly anticipating the transformative potential of this remarkable upgrade.