Block.One Released 2.0 To Make Blockchain ‘Faster, Simpler And Secure’
Block.One Released 2.0 To Make Blockchain ‘Faster, Simpler And Secure’
January 13, 2020
Block.One Released 2.0 To Make Blockchain ‘Faster, Simpler And Secure’
Block.One Released 2.0 To Make Blockchain ‘Faster, Simpler And Secure’
January 13, 2020

Block.One, a blockchain software development firm, released 2.0, the software underlying the EOS blockchain.

On January 10, it has been published on Twitter that Block.One claimed that the update makes the blockchain “faster, simpler, and even more secure.”     

However, the official blog post on new software explains that it includes a purpose-built WebAssembly (WASM) engine on which the EOS smart contracts run. According to its official website, WASM is an instruction format designed for deployment on the web and servers.

This change is expected to improve the performance of smart contract execution, given that it is supposedly up to 16 times faster than the engine used in the previous version.

Likewise, the update also introduces WebAuthn support. According to the official website, WebAuthn is a web authentication standard based around public-key cryptography.

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The announcement explains:

“With this release of WebAuthn support for EOSIO, developers can begin testing transaction signing with WebAuthn in their EOSIO applications.”

It has been analyzed that Block.One claims to have significantly improved the network code of the blockchain by adding multithreading support to it. Multithreading is the ability of a central processing unit to execute multiple threads of execution at the same time.

However, multithreading support should improve the performance in block propagation, transaction processing, block, and transaction packing, and unpacking and other processes as those are now all handled by a separate thread.

The post reads:

“By isolating these processes we have seen significant improvements in transaction processing and block processing performance on multi-producer EOSIO networks.”

Furthermore, the update is released alongside a dedicated integrated development environment (IDE) that should supposedly speed up developer onboarding.

It has also been analyzed that this is the second recent announcement that came from Block.One that may have a major influence on the EOS ecosystem.

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Thus, Block.One also recently proposed a major change to the network’s resource allocation system that would require users to rent network resources instead of buying them.

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Ishita Bora

Ishita Bora is a Senior Content Creator at Digital Notice Media Labs with an experience of 1 year. She has completed her Master's Degree in Language and Linguistics in 2019 from Gauhati University, India. Her interest lies in blockchain technology and cryptocurrency space. She loves writing about blockchain and other blockchain-related articles.