How the Sei V2 Launch Will Work.
16 May 2024, 12:03
How the Sei V2 Launch Will Work
Sei V2 is a proposed, additive upgrade to a live blockchain, bringing the first highly performant parallelized EVM into production.
👉 By rolling out Sei v2 in measured steps, Sei Contributors can minimize risk, set expectations and optimize performance.
1️⃣ Governance
Sei Labs engineers plan to notify validators that v2, a proposed update to the Sei blockchain, is ready to be adopted on Mainnet via an onchain proposal, beginning the Governance approval process.
2️⃣ Alpha Launch
If 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, it will become possible to deploy EVM based contracts, and begin infrastructure integrations on Sei. Note: Existing applications and tokens will still function exactly as they did before the upgrade.
Not everything will be functional at the start of this period, for example bridges will need time to deploy to Mainnet before they can be used by the community.
3️⃣ Sei v2 is ready
An announcement will be made on the official Sei twitter account that v2 is stable and critical infrastructure such as RPCs, bridges, indexers and multisigs are ready.
Crucially, the work to continuously optimize Sei does not end here. The end goal is to build a blockchain that can support truly consumer-grade applications, serving millions of users. This upgrade is a major leap forward towards that goal.