EOS Developer Block.one Releases Version 2.0 of EOSIO Protocol
Marie Huillet's original article for cointelegraph.com reduced by 54%
One has announced the release of version 2.0 of the EOSIO open source protocol, according to an official press release shared with Cointelegraph on Oct. 8. EOSIO is a blockchain-based smart contract protocol used to develop and host decentralized applications.
Protocol updates: smart contract efficiency and security. One's announcement, the core of EOSIO 2.0 includes various improvements to EOS VM - a high-performance WebAssembly engine specialized for blockchain applications that enables more efficient use of system resources when processing smart contracts. One claims that the updated EOS VM offers up to a 16x performance gain over EOSIO 1.0, thereby greatly improving smart contract efficiency.
One has also developed what it dubs "Weighted threshold multi-signature block production" - a way for them to "Securely sign blocks by utilizing a permission layer that allows for multiple block signing keys in a flexible scheme without sharing any sensitive data." Industry developers have subsequently contextualized the hacker's exploits amid a purportedly wider problem: an inexpensive technique that allegedly allows hackers to "Congest" the network - or put it into a low-efficiency mode - with just a few dollars worth of EOS. Block.
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