Sei Labs, the core growth crew behind the Sei blockchain, has proposed a elementary shift within the community’s structure that might remove help for Cosmos transactions and CosmWasm contracts.
As a substitute, the crew plans to transition totally to an Ethereum Digital Machine (EVM)-compatible framework, arguing that this transfer would simplify the blockchain and enhance the developer expertise.
Sei Labs co-founder Jay Jog identified that many of the community’s present exercise already facilities round EVM utilization. He emphasised that the proposal, referred to as SIP-3, is a deliberate effort to align Sei with the place its ecosystem is heading.
Contemplating this, Jog described the transition as a crucial step towards constructing Sei Giga, a scalable blockchain centered on efficiency and value. He added that narrowing Sei’s focus to a single digital machine will enhance throughput and take away pointless architectural complexity.
Following the proposal’s announcement, SEI’s token worth rose 7% to $0.20, reflecting optimistic market sentiment towards the potential improve.
Sei’s EVM dream
SIP-3 will make Sei an EVM-only blockchain, phasing out all help for Cosmos-based options. This variation would streamline the transaction system and consolidate sensible contract growth beneath a single commonplace.
Sei Labs maintains that this can be a forward-looking transfer designed to cut back operational overhead and set up a extra cohesive growth surroundings.
The crew expects that the transfer will enable Sei to raised combine into the broader Ethereum ecosystem and entice extra builders in search of efficiency and ease.
In the meantime, this architectural change would require changes from infrastructure suppliers and builders alike.
The blockchain community’s present wallets, dApps, and companies should shift to EVM-compatible codecs, and purposes constructed on CosmWasm have to be redeployed.
Moreover, the community’s asset holders utilizing Cosmos-native instruments could must migrate or off-ramp their holdings.
The crew added:
“Sei addresses should be used internally by the protocol (e.g. validator addresses), and core performance equivalent to staking and governance will stay out there by means of precompiles.”
