Sei Announces Three-Phase V2 Upgrade Plan

According to BlockBeats, Sei has announced a three-phase V2 upgrade plan on May 15, aiming to launch the first highly scalable parallel EVM. According to Sei's official blog, the upgrade will be divided into governance, Alpha release, and V2 readiness stages. During the governance phase, Sei Labs engineers will initiate the governance approval process through on-chain proposals. If approved, validators will begin upgrading node software, and the existing Sei Pacific-1 mainnet will also be upgraded to 'V2'. 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. Once 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 gradually increase based on actual demand. Sei stated that the V2 upgrade is an important milestone in its goal of creating a consumer-grade blockchain capable of supporting tens of millions of users.