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Sei Foundation proposes version 2 network upgrade to bring EVM | Crypto | Ethereum | Bitcoin

Sei Foundation proposes version 2 network upgrade to bring EVM compatibility

The Sei Foundation announced Monday that it has initiated a governance proposal to upgrade the Sei Layer 1 blockchain to version 2. This proposed upgrade, to be implemented by Sei Labs, will introduce a high-performance, parallelized Ethereum Virtual Machine (EVM) aimed at enhancing the network’s capabilities. If the governance proposal is approved, the network upgrade will take place a week later.

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