EOS developer Block.one releases version 2.0 of its EOSIO open source protocol

Block.one has announced the release of its version 2.0 EOSIO open source protocol.
It is detailed to offer up to a 16x performance gain over EOSIO 1.0, thereby greatly improving smart contract efficiency.

Ken Chigbo Independent Analyst

EOS developer Block.one has announced the release of its EOSIO open-source protocol version 2.0, as per their official blog post.

The EOSIO is a blockchain-based smart contract protocol leverage for the development and to host decentralized applications (DApps). It employs a consensus model called delegated proof-of-stake.

Block.one’s official announcement, detailed that the core of EOSIO 2.0 does include various improvements to EOS VM — a high-performance WebAssembly engine specialized for blockchain applications that enable more efficient use of system resources when processing smart contracts.

Additionally, Block.one details that the updated EOS VM does offer up to a 16x performance gain over EOSIO 1.0, thereby greatly improving smart contract efficiency.

Author

Ken Chigbo

Independent Analyst

Ken has over 8 years exposure to the financial markets. He started his career as an analyst, covering a variety of asset classes; forex, fixed income, commodities and equities.

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