Sei plans to roll out V2 upgrade in three phases

Sei announced that it will launch the V2 upgrade plan in three phases, aiming to launch the first highly scalable parallelized EVM. It is reported that the upgrade will be divided into three phases: governance, Alpha release and V2 readiness: 1. In the governance phase, Sei Lab engineers will initiate the governance approval process through on-chain proposals. If approved, validators will begin to upgrade node software. 2. The Alpha release phase focuses 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. It is worth noting that the functions of existing applications and tokens will not be affected by the upgrade. 3. When the core infrastructure is ready, Sei’s official Twitter will announce the entry into the V2 readiness phase. To ensure stability, the block gas limit will be initially set, and will be gradually increased according to actual needs. 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.