EOS network achieves major upgrade with 1-second transaction finality

On September 25, 2024, the EOS network announced the successful completion of the landmark Spring 1.0 upgrade. This upgrade introduced the Savanna consensus algorithm, marking a new era of network performance, reliability, and speed. By increasing the transaction finality time to 1 second, EOS has achieved more than 100 times improvement over previous iterations. Speed,SafetyRapid advances in security and scalability are laying the foundation for future cryptographic breakthroughs.

This upgrade reflects the global decentralization of EOSCommunityshared vision and dedication, emphasizing its commitment to developingBlockchainA commitment to innovation.

Bart Wyatt, CTO of EOS Network Foundation Explained the significance of this strategic development: "With the Spring 1.0 upgrade and the introduction of the Savanna consensus algorithm, weBlockchainThe world has achieved something rare: changing our core consensus algorithm. Few layer 1BlockchainThere are only a few that have ever done this. I can think of only a few - Ethereum being the most notable. By doing this, we are standing on hallowed ground. By bringing EOS to industry-leading 1 second finality, we are taking a huge step forward and putting EOS on theBlockchainAt the forefront of innovation. This is more than just a technological achievement – it’s about EOS Communityfull ownership of the company.”

EOS 网络已完成向 Antelope Spring 1.0 的过渡，提供了一条无争议的升级路径。此过程展示了 EOS 社区内的协作努力，包括由全球区块生产者 (BP) 进行的广泛 beta 测试和分布式激活。

The Savanna consensus algorithm revolutionizes blockchain efficiency. By integrating advanced cryptographic techniques such as aggregated BLS signatures, Savanna ensures fast, irreversible transactions, thereby improving networkSafetyperformance and scalability, and unlock new use cases in the blockchain industry.

Yves La Rose, CEO of EOS Network Foundation “Spring 1.0 marks a pivotal moment for the blockchain industry, introducing the Savanna consensus algorithm with 1-second instant finality through cutting-edge BLS cryptographic advancements. This upgrade provides unparalleled transaction speed, reliability, andSafetyThe EOS blockchain is the first blockchain that can be used to build decentralized applications.Xiaobai NavigationOne of the most advanced platforms.

As a transformative phase, Spring 1.0 brings new growth opportunities and adoption to the ecosystem. It unlocks unprecedented value for developers and anyone invested in the long-term potential of blockchain innovation. With mature technology and robust infrastructure, the future holds endless possibilities as EOS drives the industry forward.”

As the EOS network advances to Spring 1.0, it lays the foundation for continued innovation and community growth. This major technological leap unlocks a multitude of new use cases and strengthens the EOS ecosystem.

Engineering Director, EOS Network FoundationChief Architect of Savanna Consensus Algorithm Areg Hayrapetian:

“Savanna 共识算法的开发采用了更为严谨的方法，该算法取代了 EOS 之前未命名的传统共识算法。我们使用概念验证来尽早发现和修复设计缺陷，进行了多次迭代测试，并应用数学分析来确保算法保持关键的活跃性和安全性——这是我们想要实现的任何区块链的核心要素：在需要时可用，并且当交易被标记为最终交易时，它将不会被撤销。通过我们在 Savanna 上做好工作，EOS 用户可以将这些事情视为理所当然，并享受最终交易时间的大幅缩短——从几分钟缩短到仅仅一秒钟。”

exist Twitter and Telegram Follow the EOS network on EOS.com to stay up to date on the latest enhancements, updates, and upgrades to the network.

EOS Network Foundation

The EOS Network Foundation (ENF) was founded on a vision for a prosperous and decentralized future. Through our key stakeholder engagement, community initiatives, ecosystem grants, and support for open technology ecosystems, ENF is transforming Web3. Founded in 2021, ENF is at the center of the EOS network, a leading open-source platform with a stable set of frameworks, tools, and libraries for blockchain deployments. Together, we bring community-built innovation and are committed to a better future for all.

The article comes from the Internet:EOS network achieves major upgrade with 1-second transaction finality

Related recommendations: Chainbase hardcore interpretation: Raising $15 million, the largest full-chain data network, allowing Crypto and AI Mutual Achievement

Chainbase aims to integrate all blockchain data into a unified ecosystem and become the largest credible, stable and transparent data source in the AGI era. Written by: Xiaobai Navigation Coderworld The current crypto market is gradually entering a consolidation period. When the narrative is silent and the existing projects are lackluster, where are the new Alpha opportunities? Outward…