The EOS Network announces the successful completion of its landmark upgrade to Spring 1.0.
This upgrade has introduced the Savanna consensus algorithm, marking a new era in performance, reliability and speed on the network.
By enhancing transaction finality to one-second, EOS has achieved a more than 100-fold improvement over previous iterations.
This rapid advancement in speed, security and scalability sets the stage for future cryptographic breakthroughs.
This upgrade reflects the shared vision and dedication of EOS’s global decentralized community, underscoring its commitment to pioneering blockchain innovation.
Speaking on the significance of this strategic development, Bart Wyatt, CTO of the EOS Network Foundation, said,
“With the Spring 1.0 upgrade and the introduction of the Savanna consensus algorithm, we’re achieving something rare in the blockchain world changing our core consensus algorithm.
“Very few layer one blockchains have ever done this. I can think of only a handful Ethereum being the most well-known. In doing so, we’re standing on hallowed ground.
“By bringing EOS to an industry-leading one-second finality, we’ve taken a massive leap forward, placing EOS at the forefront of blockchain innovation. This isn’t just a technical achievement it’s about the EOS community taking full ownership.”
EOS Network has completed the transition to Antelope Spring 1.0, providing a non-contentious upgrade path.
This process demonstrated the collaborative effort within the EOS community, involving extensive beta testing and a distributed activation, carried out by global BPs (block producers).
The Savanna consensus algorithm revolutionizes blockchain efficiency.
By integrating advanced cryptographic techniques such as aggregate BLS signatures, Savanna ensures rapid, irreversible transactions, boosting both network security, scalability and unlocking new use cases in the blockchain industry.
Yves La Rose, CEO of the EOS Network Foundation, said,
“Spring 1.0 marks a pivotal moment for the blockchain industry, introducing the Savanna consensus algorithm with one-second instant finality via cutting-edge BLS cryptographic advancements.
“This upgrade offers unmatched transaction speed, reliability and security, laying the foundation for next-generation [DApps] to flourish. Achieving this was a collaborative feat involving internal teams and external partners, positioning…
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