Ken Chigbo
Independent Analyst
- 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.
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.
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