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EOS Gets New Update for Better Transaction Speed

Jan 28, 2019
by Josh Anderson

HONG KONG & BLACKSBURG, VABlock.one has announced the latest update to the EOSIO Blockchain software code. The latest version will allow for much greater speeds across the network than previously seen.

According to Block.one, internal testing of EOSIO 1.6 has testified to the potential to for Block.one greatly increase mining performance, including an up to a 35% increase in transaction processing speeds. Current maximum speeds recorded on the public Blockchain are at 3996 transactions per second – among the fastest on any public blockchain.

Since the EOSIO public Plockchain was launched in June 2018, it has seen high levels of adoption and performance, as evidenced by the ever-growing number of applications being built on it. The update projects that EOSIO will enable a reduction in CPU costs as well as decreased latency, which will make it even less expensive to run applications on the software and increase their responsiveness.

“Our aim is to drive mass adoption of blockchain. As part of the community that continues to work on the EOSIO software and its corresponding advancements, we hope to play a leading role in the next generation of blockchains through our deep engineering talent and our dedication to a future of global commerce and communications based on blockchain,” said Brendan Blumer, Chief Executive Officer of Block.one in an official press release.

“This software update clearly shows the expanding capability of EOSIO and its growing ability to process a substantial volume of transactions,” added Dan Larimer, Chief Technology Officer at Block.one.

About EOSIO: Block.one is an open source software publisher specializing in high performance blockchain technologies. Its first project, EOSIO, a blockchain protocol designed to enable secure data transfer and high performance decentralized applications, has received global recognition as the first performant blockchain platform for developers, following its introduction in May 2017. The EOSIO engineering team is led by Dan Larimer, the inventor of the revolutionary Delegated Proof of Stake (DPOS) consensus mechanism. DPOS processes the majority of blockchain transactions globally and will power the EOSIO software launching in June 2018.

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