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 1Blockchain曾经做到这一点。我能想到的只有少数几个——以太坊是最著名的。通过这样做，我们站在了神圣的土地上。通过将 EOS 带到业界领先的 1 秒终结，我们向前迈出了一大步，将 EOS 置于区块链创新的最前沿。这不仅仅是一项技术成就——这是关于 EOS Communityfull ownership of the company.”

The EOS network has completed its transition to Antelope Spring 1.0, providing a non-contentious upgrade path. CommunityThe initiative is a collaborative effort within the blockchain community, including extensive beta testing and distributed activations by global block producers (BPs).

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:

“A more rigorous approach was taken in the development of the Savanna consensus algorithm, which replaced EOS’s previously unnamed legacy consensus algorithm. We used proof-of-concepts to identify and fix design flaws early, conducted multiple iterations of testing, and applied mathematical analysis to ensure the algorithm maintained critical liveness andSafety“We are committed to the promise of finality — these are core elements of any blockchain we want to achieve: that it is available when needed, and that when a transaction is marked as final, it cannot be reversed. By doing the work we are doing on Savanna, EOS users can take these things for granted and enjoy a dramatic reduction in finality times — from minutes to just a second.”

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.

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