EOS Network Launches Spring 1.0 with Savanna Consensus

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As an experienced blockchain analyst, I’m thrilled to see the EOS Network Foundation making significant strides with the launch of Spring 1.0 on its Jungle testnet. The new Savanna consensus algorithm is a game-changer, promising transaction performance increases of over 100 times compared to previous versions, which translates to immediate finality for transactions.

The EOS Network Foundation unveils Spring 1.0 on its Jungle testnet, introducing the innovative Savanna consensus algorithm. This update is projected to enhance EOS’s transaction capacity by more than a hundred fold over earlier editions, delivering instant confirmation for all transactions.

As an analyst, I’m thrilled to announce that Antelope Spring Beta-1 is now live on the testnet! This marks a significant leap forward from its previous version, Antelope Leap 5. Beta-1 is the initial step towards several crucial milestones leading up to the final release on July 10th. A hard fork is scheduled for July 31st to ensure a seamless transition to the next phase of our project. For more information, please click the “Learn More” link below.

— EOS Network Foundation (@EOSNetworkFDN) May 22, 2024

In the Spring 1.0 update for EOS, fresh security and privacy enhancements are introduced. Notably, the BLS signature scheme is implemented, enabling swift transaction verification in mere milliseconds.

By the close of July 2024, the EOS Network is expected to make the shift towards its mainnet powered by Spring 1.0. A significant update, this transition will involve a hard fork scheduled for July 31st. This phase will provide ample time for all nodes to upgrade and adopt the new functionalities and enhancements that come with Spring 1.0.

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2024-05-23 01:41