Blockchain startup Sei Labs has launched The Parallel Stack, an open sourced project that aims to make Ethereum faster and less expensive for developers. The project utilizes parallel processing to improve Ethereum's performance, increasing the transactions per second (TPS) and reducing gas fees. Sei Labs has also been working on upgrading its blockchain to Sei V2, a parallelized EVM. The company sees Ethereum as an opportunity for growth and aims to democratize access to parallel processing.
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