Buying and selling-focused Layer 1 blockchain Sei SEI + will add assist for the Ethereum Digital Machine (EVM) in its upcoming model 2 (V2) improve. This can allow builders to port Ethereum-based contracts over to the community and use them on it.
So as to add this characteristic, Sei V2 will incorporate Geth, a Go implementation of the Ethereum Digital Machine. Geth is probably the most broadly used Ethereum shopper software program.
Sei Labs informed The Block that it has developed a specialised interface to facilitate interplay of Sei’s current good contracts part (primarily based on CosmWasm expertise) with the EVM part. CosmWasm is a customized Cosmos SDK module that permits chains to function good contracts within the Cosmos ecosystem. With V2, the workforce will allow an environment friendly integration of EVM assist into the Sei community.
“Sei V2 is an additive change. The entire current elements like CosmWasm will live on. Since it is a proposed chain modification, the totally different digital machines will even be capable of work together with one another, permitting for Sei V2 to be the primary community the place EVM and Cosmwasm contracts are capable of name one another,” Jay Jog, co-founder at Sei Labs informed The Block.
Increasing on Sei V1
Sei has been operational on the mainnet beta for the reason that V1 launch in August, providing assist for Cosmos good contracts written in Rust. With Sei V2, the workforce behind it goals to broaden its attraction to a wider vary of builders. The event will add a completely parallelized EVM-compatible layer with sub-second finality (the velocity at which transactions are confirmed).
Along with EVM assist, Sei V2 introduces SeiDB, a knowledge construction that purports to enhance the platform’s storage layer. In line with the workforce, SeiDB will forestall state bloat — the place the community turns into excessively knowledge heavy — and simplify the state synchronization course of for brand new nodes. The target right here is to spice up the general efficiency and scalability of the Sei blockchain.
The Sei V2 improve is at the moment nearing completion from a code growth perspective and is present process a rigorous audit course of to make sure its safety. It’s scheduled to be launched on a public testnet within the first quarter of 2024, with the mainnet deployment anticipated within the first half of the yr.
What’s Sei?
Sei is a Cosmos SDK-based proof-of-stake blockchain, designed to be optimized for buying and selling with its capacity to execute sub-second blocks. In April 2023, Sei Labs, the core developer of the community, raised $30 million in two strategic funding rounds from enterprise corporations together with Bounce and Multicoin Capital.
With performance that helps quick decentralized buying and selling, Sei targets a particular area of interest the place it competes with different Cosmos chains like Osmosis, Kava, Injective, Neutron and Kujira.
