EOS Network Introduces Spring 1.0 Update

user avatar

by Giorgi Kostiuk

2 years ago

Made with AI

  1. Introduction to Spring 1.0
  2. Benefits of the Update
  3. About the EOS Network Foundation


    4. The EOS Network has successfully launched its Spring 1.0 update, introducing the Savanna consensus algorithm and reducing the blockchain’s transaction finality time 100-fold to just one second.

    Introduction to Spring 1.0

    With the Spring 1.0 upgrade and the introduction of the Savanna consensus algorithm, EOS Network is achieving something rare in the blockchain world: changing their core consensus algorithm. Very few Layer 1 blockchains have ever done this. As Bryan Wyatt, the CTO of the EOS Network Foundation, stated, "I can think of only a handful—Ethereum being the most well known."

    Benefits of the Update

    EOS’s transition to the Spring 1.0 protocol was executed smoothly, thanks to collaborative efforts from its global network of block producers and extensive beta testing. The Savanna consensus is enabled through various cutting-edge cryptographic techniques, including aggregate Boneh-Lynn-Shacham (BLS) signatures, enhancing the overall security and scalability of the EOS Network. This upgrade opens up numerous possibilities for decentralized applications (dApps). Yves La Rose, CEO of the EOS Network Foundation, emphasized the strategic importance of the Spring 1.0 upgrade, noting that it provides unmatched transaction speed, reliability, and security.

    About the EOS Network Foundation

    The EOS Network Foundation (ENF) was established in 2021, leading the charge in transforming Web3 through community engagement, ecosystem funding, and the development of open-source blockchain technology. As the central hub for EOS, ENF supports an ever-evolving suite of frameworks, tools, and libraries for blockchain development, empowering the global community to innovate and build a decentralized future.

    With the Spring 1.0 update, EOS Network continues to pave the way for community-driven innovation, offering a faster and more secure network.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Binance Introduces 24/7 Foreign Exchange Perpetual Contracts

Binance has launched a new trading model for 24/7 trading of foreign exchange perpetual contracts, starting with a contract linked to the US dollar and Brazilian real.

user avatarLeo van der Veen

Ondo Finance Streamlines Institutional Stock Tokenization

Ondo Finance has introduced a new integration that simplifies the process of institutional stock tokenization by allowing direct contribution of existing equity inventory.

user avatarLi Weicheng

Investigation into Zondacrypto Founder’s Disappearance Intensifies

The investigation into the disappearance of Zondacrypto founder Sylwester Suszek has intensified as Polish police search a fuel depot linked to his last known whereabouts.

user avatarTenzin Dorje

OKX Introduces Shield to Enhance User Security in Europe

OKX has launched a new initiative called OKX Shield aimed at improving exchange security for European users by requiring a hardening checklist for tiered financial protection against account takeovers.

user avatarAisha Farooq

Former Police Officer Charged in Zondacrypto Exchange Collapse

Former police officer Artur K has been charged with multiple offenses related to the collapse of the Zondacrypto exchange, including membership in an organized criminal group and aiding in the misappropriation of funds.

user avatarBayarjavkhlan Ganbaatar

Anchorage Digital Enhances Stablecoin Infrastructure with LayerZero Partnership

Anchorage Digital has partnered with LayerZero to enhance its regulated stablecoin infrastructure, enabling seamless crosschain movement of stablecoins.

user avatarMohamed Farouk

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.