Amid the rapid development of blockchain technology, Sei's mission is to expand the capabilities of the Ethereum Virtual Machine (EVM) and provide developers with more efficient solutions. With the launch of Sei v2, our goal is not only to meet current needs, but also to build a high-performance parallel L2 blockchain using an open source framework. This is what we call "Parallel Stack".
Motivation: Developer first
Sei Labs has always adhered to the concept of "developer first", which makes us realize the dominant position of EVM among blockchain developers. According to statistics, nearly 90% of blockchain developers have participated in at least one EVM chain. Nonetheless, we know from extensive feedback that developers face many constraints in the current environment, including throughput constraints and limited design space, which inhibit creativity and innovation to a certain extent.
These challenges are not only present in Layer 1 solutions, Layer 2 solutions also face similar dilemmas. Many developers agree with Vitalik's Rollup-centered expansion roadmap and therefore choose the "Layer 2" approach to solve the problem. Although Layer 2 chains are cheaper to use than the Ethereum mainnet and will become even cheaper with the launch of EIP-4844, Sei Labs believes there is still a lot of room for improvement to improve its performance.
Introduction to Parallel Stack
Almost all current EVM blockchains are single-threaded, including Ethereum’s Layer 1 and Layer 2 scaling solutions. However, Sei Labs predicts that developers will have a consistent preference for parallelized virtual machines. The significant performance and scalability provided by parallel processing meet the needs of developers for lower costs and wider design space.
Sei Labs is proud to introduce its breakthrough initiative, Parallel Stack, which sets a new benchmark for the most high-performance Layer 2 solutions and Rollups. Sei's goal is to extend EVM, and Parallel Stack is a natural extension to achieve this goal.
A high-level overview of Parallel Stack
At its core, Parallel Stack is a powerful, open source framework designed to build parallel processing capabilities for Layer 2 and Rollups. This architectural innovation stems from the development experience of Sei v2 and is designed to significantly enhance the Ethereum ecosystem and focus on solving the performance bottlenecks faced by current Layer 2 blockchains.
This is primarily achieved by taking advantage of advances in modern hardware, which provides us with a clear opportunity to significantly reduce performance limitations. We believe that through Parallel Stack, developers will be able to create more innovative applications in a larger design space.
Why choose Parallel Stack?
Performance improvement: Parallel Stack can significantly increase transaction processing speed, allowing developers to complete more transactions in less time, which is especially important for high-frequency transactions and real-time applications.
Scalability: As network usage increases, Parallel Stack can flexibly respond to demands and ensure system stability and efficiency.
Openness: As an open source framework, Parallel Stack allows developers to freely adjust and expand its functions, promoting cooperation and innovation in the community.
Reduced costs: Through parallel processing, transaction fees will be significantly reduced, allowing more users to participate in the blockchain ecosystem.
in conclusion
Sei’s Parallel Stack is not only a technical innovation, but also a reshaping of the entire blockchain ecosystem. As we continue to expand EVM, Parallel Stack will become a key tool for developers to innovate and improve performance. In the future, we look forward to seeing more applications developed based on this framework and jointly promoting the advancement of blockchain technology.
In this era of rapid change, Sei Labs will continue to strive to provide the best developer experience and ensure that our technology can meet the changing market needs. The launch of Parallel Stack marks an important step in the field of blockchain technology, and the possibilities for the future are endless.