🎉🎉Good news! Sei announced that it will launch the V2 upgrade plan, aiming to create the first highly scalable parallelized EVM! 🚀🚀This upgrade plan will be carried out in three phases.

First, the governance phase. In this phase, Sei Labs engineers will initiate the governance approval process through on-chain proposals. Once the proposal is approved, validators will begin to upgrade the node software.

Next, the Alpha release phase. This phase will focus on the stability of the chain and the deployment of third-party infrastructure, including RPC nodes, cross-chain bridges, indexers, and multi-signature tools. Sei Labs will continue to monitor and report on the stability of the chain. Moreover, the functions of existing applications and tokens will not be affected by the upgrade.

Finally, when the core infrastructure is ready, Sei’s official Twitter will announce the entry into the V2 readiness phase. In order to ensure stability, the block Gas limit will be initially set, and will be gradually increased according to actual needs in the future.

Sei said that the V2 upgrade is an important milestone in its goal of creating a consumer-grade application blockchain that can support tens of millions of users. Let us look forward to Sei’s new changes together! 🎉🎉