Darius Baruo
Nov 14, 2024 15:39
Sei Labs and the Sei Foundation launch the Sei Research Initiative to address Ethereum Virtual Machine limitations, enhancing scalability and decentralization.
Sei Labs and the Sei Foundation have unveiled the Sei Research Initiative, a collaborative effort aimed at addressing the limitations of the Ethereum Virtual Machine (EVM), according to Sei. The initiative seeks to engage third-party researchers, thought leaders, and external contributors to explore and expand the EVM’s capabilities.
Exploring EVM Limitations
The EVM, a cornerstone of blockchain technology, allows for the creation of decentralized applications through smart contracts written in languages like Solidity. However, its single-threaded nature results in transaction bottlenecks, high gas fees, and slow finality times, which impede the scalability required for mass adoption. The Sei Research Initiative aims to tackle these challenges through innovative approaches such as horizontal scaling.
Innovative Solutions Proposed
Sei Labs emphasizes a first-principles approach to reimagine the EVM across storage, consensus, and execution layers. By parallelizing transaction execution, the Sei protocol aims to significantly enhance throughput, reducing transaction fees and finality times. This approach is expected to broaden the developer design space and foster greater innovation within the EVM ecosystem.
Core Principles Guiding the Initiative
The Sei Research Initiative is underpinned by several core principles, including relentless innovation, community-first open-source collaboration, and decentralization. By adhering to open standards, the initiative seeks to provide full EVM compatibility and foster a positive-sum impact on the blockchain ecosystem.
Community Engagement and Participation
Sei Labs and the Sei Foundation invite developers, researchers, and community members to participate in this open-source collaboration. Opportunities include exploring Sei Protocol’s documentation and participating in grant initiatives like the Sei Creator Fund and the Japan Ecosystem Fund.
The Sei Research Initiative represents a significant step forward in addressing the current limitations of the EVM, aiming to enhance its scalability and decentralization to meet the demands of a growing blockchain ecosystem.
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