Introduction
The Sei blockchain has upgraded its developer-focused testnet, Devnet, to version 2. This upgrade introduces several significant enhancements, including compatibility with Ethereum applications and the implementation of parallelized processing.
Ethereum Compatibility
One of the key features of Sei Devnet V2 is its backward compatibility with Ethereum smart contracts. This means that developers can deploy Ethereum applications on Sei without modifying their code.
Sei’s integration with Ethereum addresses a significant challenge faced by developers: the limitations of existing Ethereum Virtual Machine (EVM) blockchains and rollups in terms of scalability. Sei seeks to provide a more scalable execution environment for Ethereum applications.
Parallelized Processing
Sei Devnet V2 leverages parallelized processing, a technique that enables the simultaneous processing of multiple transactions. This approach contrasts with traditional blockchain systems, which process transactions sequentially.
Parallelized processing significantly enhances the performance of Sei, allowing it to handle a high volume of transactions per second (TPS). According to Sei’s blog post, the parallelized EVM is capable of processing thousands of TPS.
Conclusion
The launch of Sei Devnet V2 marks a significant step forward for the Sei blockchain. Its Ethereum compatibility and parallelized processing capabilities provide developers with a powerful and scalable platform for building decentralized applications.
- Tags: Developers, Ethereum, EVM, Sei Network, Solana
Additional Information
- Sei went live in August with an airdrop of its token.
- Sei Labs, the company behind Sei, announced the move to EVM in January 2023.
- Sei ran on the CosmWasm smart contract platform before the upgrade.
- Other projects, such as Neon and Monad, are also developing parallelized EVMs.
- Sei has gained over 200,000 new users in the past month, primarily involved in NFT trading.
- Sei aims to launch its mainnet in the first half of 2024.
Credit and Rights:
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