Update also projected to make powering network applications less expensive
Hong Kong and Blacksburg, Virginia, 24 January 2019 – Block.one, publisher of the groundbreaking EOSIO blockchain software code, is pleased to announce the latest update to the code, which will allow for much greater speeds across the network than previously seen.
In internal testing EOSIO 1.6, has the potential to greatly increase 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.
The update also includes new projections that EOSIO will enable reduction in CPU costs and 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 Block.one CEO Brendan Blumer.
“This software update clearly shows the expanding capability of EOSIO and its growing ability to process a substantial volume of transactions,” added Block.one Chief Technology Officer Dan Larimer.
Since the EOSIO public blockchain 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.
Block.one is a software company that is producing the EOSIO software as a free, open-source protocol. This software may, among other things, enable those who deploy it to launch a blockchain, or decentralized applications with various features. For more information, please visit https://github.com/eosio. Block.one does not provide financial support to anyone seeking to become a block producer on any version of the EOSIO platform that may be adopted or implemented.
Block.one will not be launching any of the initial public blockchains based on the EOSIO software. It will be the sole responsibility of third parties, the community, and/or those who wish to become block producers, to adopt and implement EOSIO in the manner they choose, with the features they choose, and/or providing the services they choose. Block.one does not guarantee that anyone will adopt or implement such features, or provide such services, or that the EOSIO software will be adopted and implemented in any way.
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