Sei V2 Launch: A Comprehensive Guide

Introducing
the
Sei
V2
Launch

The
highly
anticipated
Sei
V2,
a
proposed
upgrade
to
the
live
blockchain,
is
on
the
horizon.
This
upgrade
is
expected
to
bring
the
first
highly
performant
parallelized
EVM
into
production,
pending
a
Governance
approval
process.

The
launch
is
scheduled
to
occur
in
three
phases,
each
meticulously
designed
to
ensure
optimal
network
performance,
set
accurate
expectations
and
minimize
risk.
By
taking
a
measured
approach
to
the
rollout,
Sei
Contributors
can
conduct
rigorous
testing,
monitor
network
stability,
and
guarantee
that
all
third-party
infrastructures
are
ready
for
users
to
begin
using
Sei
at
scale.

Phase
1:
Governance

As
a
permission-less,
open-source,
delegated
proof-of-stake
network,
Sei
is
governed
by
SEI
token
holders.
Sei
Labs
engineers
are
set
to
notify
validators
about
the
readiness
of
V2
for
Mainnet
adoption
via
an
onchain
proposal.
This
will
kickstart
the
Governance
approval
process,
following
numerous
audits
and
ongoing
optimizations
discovered
during
the
Sei
V2
public
Devnet.

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

Once
the
Governance
approval
process
is
accepted,
validators
will
begin
to
upgrade
their
software,
and
the
existing
Sei
Pacific-1
Mainnet
will
be
upgraded
to
“v2”.
At
this
stage,
deploying
EVM-based
contracts
and
beginning
infrastructure
integrations
on
Sei
will
become
possible.
Existing
applications
and
tokens
will
continue
to
function
as
they
did
before
the
upgrade.

This
phase
is
expected
to
span
days
rather
than
weeks,
during
which
Sei
Labs
will
monitor
and
report
on
chain
stability.
Certain
functionalities,
such
as
bridges,
will
require
additional
time
to
deploy
to
Mainnet
before
they
can
be
utilized
by
the
community.

Phase
3:
v2
Ready

Upon
achieving
stable
v2,
an
announcement
will
be
made
via
the
official
Sei
Twitter
account,
indicating
that
critical
infrastructure
such
as
RPCs,
bridges,
indexers,
and
multisigs
are
ready.
Initially,
a
block
gas
limit
will
be
in
place
for
stability
purposes.
As
demand
increases,
this
limit
will
be
raised
to
meet
the
needs
of
the
community.

While
this
upgrade
marks
a
significant
stride
forward,
the
work
to
continuously
optimize
Sei
does
not
end
here.
The
ultimate
goal
is
to
build
a
blockchain
capable
of
supporting
consumer-grade
applications
and
serving
millions
of
users.

Stay
tuned
for
more
updates
on
the
Sei
V2
launch.

Image
source:
Shutterstock

.
.
.

Tags