Sei proposes to exchange only to the EVM model to solve the complexity and increase the introduction

The Layer-1 Network SEI has initiated a proposal to make it more streamlining and focus on its virtual machine (EVM) model. The developer Sei Labs has submitted a proposal for the improvement of the SEI to vote in the community (SIP).

According to SIP-3The project begins with support for Kosmwasm and natural space accounts, while it pays attention to support EVM. It represents the complete shift of the Layer-1 chip circuit.

Sei Network was originally built with Cosmos (SDK), a software development kit. However, it supplemented the EVM support with SEI V2, which was more calculated for attracting Defi developers, given that over 70% of all smart contracts were originally used in Ethereum.

Moving has paid off when the network offers flexibility through EVM and Cosmos accounts. However, the proposal stated that double architecture has also increased complexity for users and developers.

Users must manage both EVM and native addresses and link the two to fully enjoy the functionality of the network, while infrastructure providers and developers have to deal with higher overheads due to complexity.

Now the network is trying to deal with this problem and has decided to focus on EVM because the EVM has dominated the SEI in network activities. According to the proposal, more than 80% of transactions make up EVM in August.

Only EVM addresses can initiate transactions with the proposal and all COSMOS-based contracts will expire and will be removed later.

It said:

“The proposal recommends that only EVM addresses be initiated in SEI. The network only supports further EVM transactions. Cosmwasm contracts and space-based space messaging have been outdated and removed.”

SEI's native addresses remain functional for internal protocol processes, such as validator addresses. Basic functions, such as management and contribution, remain available through preliminary production.

Update only to EVM to take place in three stages

In the meantime, the proposal was noted that the ease of renewal is good for users and networking groups in the long run. As the network already offers one of the fastest chip circuit transactions, Sei Labs hopes to function the only EVM functionality to improve adoption and developer experience.

The proposal was also divided into three high -level milestones. In the first phase, developers create tips for EVM to make the assets of space and Kosmwasm available from the EVM.

Once this is done, the developers will attribute all new Kosmwasm to the introduction of Kosmwasm and prohibit all heritage covenant contracts and transaction support to non-EVM addresses.

Not surprisingly, the upgrade affects all participants in the network. Network infrastructure teams must ensure that they only interact with EVM APIs, while users have to cross their assets in a compatible wallet that is compatible with the EVM, exchanging, replacing or taking out their property.

Kosmwasm developers also have to transfer their applications to the EVM and integrate the front ends that are compatible with the EVM.

So far, mixed reactions have been proposed. Most users believe this is a positive development for SEI. However, developers are concerned about the journey of apps and EVM Cosmos, with some projects claiming that they may abandon the proposal.

Others believe that there should be a bridge that connects to space with SEI, so that the space users use the builders can preserve their stack while enjoying the benefits of the EVM.

Sei grows with an increase in interest by 6%

Meanwhile, the SEI sign has risen by 6.6%over the last 24 hours, rising to $ 0.21, according to Coinmarketcap. Its positive performance is directly due to the overall market that Bitcoin has been near $ 100,000.

However, the SEI network has also increased the activity and interest of users. With his step the fastest EVM chain he has seen it All value is locked (tvl) Grow by reaching $ 515 million in April. In accordance Artemis Data, it is only another to the net flow of ethereum over the last 24 hours.

The digital asset company Canary Capital recently submitted to the registration of Sei Spot Exchange Foundation with interest in the registration of Sei Spot Exchange with interest with interest with interest.

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