Sei Labs, the core development team behind Sei (SEI), has proposed SIP-3 to shift the network to an Ethereum Virtual Machine (EVM)-only model. The proposal aims to streamline Sei's ecosystem by focusing solely on EVM-based architecture, phasing out CosmWasm and native Cosmos transactions. SIP-3 suggests that only EVM addresses can initiate transactions, with essential features like staking and governance remaining available. The transition will occur in three phases, gradually moving towards EVM exclusivity. Phillip Su, Engineering Manager at Sei Labs, highlighted the network's impressive growth since introducing EVM support in Sei v2. While the dual architecture posed challenges, the shift to EVM aims to simplify user experience, reduce infrastructure overhead, and enhance community cohesion. However, users, developers, and infrastructure teams will need to adapt to the changes for a successful transition. Read more AI-generated news on: https://app.chaingpt.org/news