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Sei (SEI) Price Soars 10% as Foundation Proposes V2 Upgrade
The post Sei (SEI) Price Soars 10% as Foundation Proposes V2 Upgrade appeared on BitcoinEthereumNews.com. Sei’s (SEI) price has experienced a bullish rally after the Sei Foundation announced a proposed upgrade. The news of transitioning to Sei blockchain version 2 has seen the cryptocurrency’s value increase by 10%. This update will introduce a high-performance, parallelized Ethereum Virtual Machine (EVM), allowing the network to work much faster and be compatible with Ethereum-based contracts. Proposed V2 Upgrade to Enhance Sei Blockchain The upgrade proposal by the Sei Foundation to the version 2 of the Sei blockchain software is a crucial step in its development. Sei Labs, moreover, claims that this new version will integrate a parallelized EVM, which will provide sub-second finality for transactions and a better user experience. Should the governance proposal be approved, the upgrade is planned to be implemented in one week (May 27). It’s happening. The Sei v2 gov proposal is live – if it passes, the mainnet upgrade will be next Monday May 27th. Time to go Super Seiyan. https://t.co/P4y9WIlHXy — Jay (@jayendra_jog) May 20, 2024 This transfer, as a result, is intended to improve the performance of the blockchain and to increase its compatibility with Ethereum-oriented applications. Some of the applications that are anticipated to run on the improved network include applications like Uniswap, Frax, and The Graph. The Sei team, in addition, points out that this improvement will make the blockchain a robust contender in the high-performance network sphere together with other parallelized EVMs including Monad and Neon. Integration with Ethereum Virtual Machine Previously, in November 2023, Sei Labs announced its plans to integrate EVM support into the upcoming Sei V2 upgrade. This integration focuses on a smooth transitions of Ethereum based contracts into the Sei network, thereby improving blockchain interoperability and functionality. This integration aims to facilitate a seamless transition of Ethereum-based contracts onto the Sei network, marking an…
The post Sei (SEI) Price Soars 10% as Foundation Proposes V2 Upgrade appeared on BitcoinEthereumNews.com.
Sei’s (SEI) price has experienced a bullish rally after the Sei Foundation announced a proposed upgrade. The news of transitioning to Sei blockchain version 2 has seen the cryptocurrency’s value increase by 10%. This update will introduce a high-performance, parallelized Ethereum Virtual Machine (EVM), allowing the network to work much faster and be compatible with Ethereum-based contracts. Proposed V2 Upgrade to Enhance Sei Blockchain The upgrade proposal by the Sei Foundation to the version 2 of the Sei blockchain software is a crucial step in its development. Sei Labs, moreover, claims that this new version will integrate a parallelized EVM, which will provide sub-second finality for transactions and a better user experience. Should the governance proposal be approved, the upgrade is planned to be implemented in one week (May 27). It’s happening. The Sei v2 gov proposal is live – if it passes, the mainnet upgrade will be next Monday May 27th. Time to go Super Seiyan. https://t.co/P4y9WIlHXy — Jay (@jayendra_jog) May 20, 2024 This transfer, as a result, is intended to improve the performance of the blockchain and to increase its compatibility with Ethereum-oriented applications. Some of the applications that are anticipated to run on the improved network include applications like Uniswap, Frax, and The Graph. The Sei team, in addition, points out that this improvement will make the blockchain a robust contender in the high-performance network sphere together with other parallelized EVMs including Monad and Neon. Integration with Ethereum Virtual Machine Previously, in November 2023, Sei Labs announced its plans to integrate EVM support into the upcoming Sei V2 upgrade. This integration focuses on a smooth transitions of Ethereum based contracts into the Sei network, thereby improving blockchain interoperability and functionality. This integration aims to facilitate a seamless transition of Ethereum-based contracts onto the Sei network, marking an…
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