EOS Announces First Feature-Complete Pre-Release Version of EOSIO

Block.one has announced the rollout of the first feature-complete pre-release version of EOSIO, Dawn 3.0. The Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term building app suite is getting released four months after the previous version, EOSIO Dawn 2.0.

The new features are addressing Scalability Scalability Scalability is a term that describes the constraints of a network via hash rates to meet increased demand. In the context of Bitcoin, scalability reflects the issue in which a limited rate can process transactions adequately.Blocks within the Bitcoin blockchain are limited in both size and frequency. The overall transaction processing capacity of the network is dictated by the average block creation time of 10 minutes as well as a block size limit of 1 megabyte. Consequently, this leads to pain Scalability is a term that describes the constraints of a network via hash rates to meet increased demand. In the context of Bitcoin, scalability reflects the issue in which a limited rate can process transactions adequately.Blocks within the Bitcoin blockchain are limited in both size and frequency. The overall transaction processing capacity of the network is dictated by the average block creation time of 10 minutes as well as a block size limit of 1 megabyte. Consequently, this leads to pain Read this Term, inter-blockchain communication, transaction compassion and added security features among many other things. The official announcement of EOSIO 3.0 includes a teaser of the potential optimizations that will allow the product to scale. Future implementations will utilize parallel computation to accelerate throughput without hard forking changes.

One of the major additions is the ultimate tool for scalability, which is inter-blockchain communication. The developer team working on EOSIO is aiming to enable one blockchain to verify the authenticity of an event on another blockchain. The end-goal is for inter-blockchain communication to be as secure as intra-chain communication between smart contracts.

The release of the third version of the EOSIO pre-release software is focusing on the stability aspect of the core platform. The team is preparing the final system contract which implements all of the staking, voting, and governance mechanics. The goal is to also finalize the token standard as the next version of the public test environment is launched.

“EOSIO Dawn 3.0 is a developer release designed to be “feature complete” with stable APIs. We believe the platform is now stable enough for serious application developers to start building their applications. EOSIO has become far more powerful and easy to develop for than we had conceived a year ago,” the company said in an official announcement.

The team working on EOSIO is continuing to grow as development is occurring at a record pace. The repository of the project has been one of the top 10 most active C++ repositories in all of GitHub for the past month.

Developers behind the project are expressing confidence that a high-quality public release of EOSIO 1.0 will be completed in June.