Sei Labs, the basic development team behind the SEI blockchain, proposed a fundamental change in the architecture of the network which would eliminate the support of Cosmos transactions and Cosmwasm contracts.
Instead, the team plans to fully switch to a virtual machine compatible frame (EVM), arguing that this decision would simplify blockchain and improve the developer’s experience.
The co-founder of Sei Labs, Jay Jog, stressed that most of the current network activity is already focusing on the use of the EVM. He stressed that the proposal, known as SIP-3, is a deliberate effort to align the SEI to the place where its ecosystem is heading.
Given this, Jog described the transition as a necessary step towards the construction of Sei Giga, an evolutionary blockchain focused on performance and conviviality. He added that the narrowing of SEI’s attention to a single virtual machine would improve flow and remove unnecessary architectural complexity.
After the proposal was announced, the price of the SEI token increased from $ 7% to $ 0.20, reflecting the positive feeling of the market to potential upgrade.
Sei’s dream dream
SIP-3 will make SEI an EVM blockchain only, assuming any management of the functionality based on Cosmos. This change would rationalize the transaction system and consolidate the development of intelligent contracts under one standard.
Sei Labs maintains that this is a prospective decision designed to reduce operational general costs and establish a more cohesive development environment.
The team expects this decision to allow SEI to be better integrated into the wider Ethereum ecosystem and to attract more developers in search of performance and simplicity.
Meanwhile, this architectural change will require adjustments to infrastructure providers and developers.
The portfolios, the DAPPs and the existing blockchain network services must switch to the EVM compatible formats, and the applications built on Cosmwasm must be redeployed.
In addition, network holders of the network using native cosmos tools may need to migrate or crawl their assets.
The team added:
“SEI addresses can always be used internally by the protocol (for example, validator addresses), and basic features such as setting up and governance will remain available through pre -complete.”
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