Altcoins News
By MikeT
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Sei, a blockchain known for its high throughput, has proposed a significant change in its future direction.
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For much of its existence, Sei has supported both Cosmos and EVM-based applications, offering interoperability between the two systems.
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The move to an EVM-only model reflects a broader trend in the blockchain space, where many projects are adopting the EVM standard to take advantage of the vast Ethereum ecosystem…
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However, this decision has raised concerns within the Sei community. Some users who have built projects on the Cosmos side are now worried about how they will bridge their assets…
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Despite the mixed reactions, Sei has seen significant growth in terms of user base and market interest, which suggests that the move to an EVM-only future may be well-received by…
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In addition to the growing user base, Sei’s price has also seen significant movement, with a 72% rally from April lows, reaching over $0.22.
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In conclusion, Sei’s decision to focus solely on EVM support and phase out Cosmos compatibility marks a pivotal shift in its strategy.
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