BlockChain News

Block.one Releases EOSIO 1.6.0, Transaction Processing Speeds Could Increase up to 35%

Block.one, a global leader in high-performance blockchain software and publisher of the pioneering EOSIO blockchain software code, is pleased to announce the latest update to the code, which will allow for much greater speeds across the network than previously seen.

advertisementToken Agency

In internal testing, findings have shown that EOSIO 1.6 has the possibilities to achieve great increases in performance, including an up to a 35% increase in transaction processing speeds. Current maximum speeds recorded on the blockchain are at 3996 transactions per second – among the fastest on any public blockchain.

The update also includes new projections that EOSIO will enable reduction in CPU costs and decreased latency, which will make it even less expensive to run applications on the software and increase their responsiveness.

the EOSIO software represents a major step forward for the blockchain industry: The underlying structure of the code allows for no-fee transactions. 

“Our aim is to drive mass adoption of blockchain. As part of the community that continues to work on the EOSIO software and its corresponding advancements, we hope to play a leading role in the next generation of blockchains through our deep engineering talent and our dedication to a future of global commerce and communications based on blockchain, ” said Block.one CEO Brendan Blumer.

“This software update clearly shows the expanding capability of EOSIO and its growing ability to process a substantial volume of transactions,” added Block.one Chief Technology Officer Dan Larimer.

Since the EOSIO public blockchain was launched in June 2018, it has seen high levels of adoption and performance, as evidenced by the ever-growing number of applications being built on it.

Wieke Beenen
  • China Ranked first in World of Blockchain and AI Patents Being Filed – USA Runner-up – January 24, 2019
  • Block.one Releases EOSIO 1.6.0, Transaction Processing Speeds Could Increase up to 35% – January 24, 2019
  • First Cannabis Validation Testing Program Reaches Markets to Create Much Needed Transparency – January 23, 2019
  • Eurasian Resources Group is Piloting Blockchain Based Solution on the IBM Blockchain Platform – January 21, 2019
  • Coinstar to Give Consumers a Convenient and Easy Way to Buy Bitcoin at Coinstar®Kiosks – January 18, 2019
  • Tech Firm IBM and MineHub Join to Build Blockchain-Based Platform for More Efficient Metals & Mining Supply Chain Solution – January 17, 2019
  • Former Director of Mobile for TripAdvisor and Viator Joins KeyoCoin Team to Help Build Intuitive Mobile Booking Platform – January 10, 2019
  • Project PAI Blockchain Protocol and Blockfolio Signal Beta, Create Platform for AI-Powered 3D Avatars – December 17, 2018
  • Nigerian Start-up Announces Revolutionary Global Decentralized Health Platform With A Distributed Blockchain – December 15, 2018
  • CEO of Panxora Warns: ‘Draconian’ Regulatory Measures Could Risk Losing Control of Crypto in US – December 13, 2018
  • Lancor Scientific Links Use of a Digital Token to Global Blockchain-based Cancer Screening Registry – December 13, 2018
  • 4-part Documentary series about the Technology Behind Cryptocurrency Premieres online – December 10, 2018
  • Local Community in Belgium wants to Unite all Positive Forces with Province-wide LumbU coin – December 9, 2018
  • Filmio about to Take Filmmaking into the Future with Tokenized Entertainment Ecosystem – December 7, 2018
  • December Cryptocurrency Predictions Report is Cautiously Positive, while some Coins Continue to drop, Others are Expected to Recover – December 6, 2018
  • “Blockchain for Europe” Launched by Leading Global Blockchain Companies – December 4, 2018
  • G20 leaders call for taxation system of cryptocurrency – December 3, 2018
  • Grand Finale Week of Block.one’s EOS Global Hackathon Kicks Off in Cape Town, set to award US$500,000 to winning team – December 3, 2018
  • UTRUST announces Partnership with Payrexx to Change European Crypto-Payment Landscape to User Friendly Platform – November 29, 2018
  • SportsFix to launch 150,000 Crypto Wallets with ProximaX – November 27, 2018

View All Articles

Related posts

IOTA Co-founder: The Future of DLT is Full Decentralization [Interview]

Jenny

Trump Declares National Emergency, Attacks Blockchain-Friendly Huawei

Jenny

VX Network introduces a new Crypto Based, Monopoly-Style Board Game called Crypto Marble

Jenny