Introduces EOSIO 2.0 Amid Vulnerability Claims

on Tuesday has released a new version of its EOSIO protocol, adding more features to it.
Per the announcement, the main aim of the upgrade is to make the existing platform “faster, simpler, and more secure.”

The smart contract protocol, which uses a delegated proof-of-stake as its consensus mechanism, is used to develop and host decentralized applications (DApps).
The primary changes were made at the core of EOSIO 2.0. The developers have included various improvements to EOS VM including a high-performance WebAssembly engine to enable the DApps to use the system resources more efficiently while processing smart contracts.
“EOS VM, our purpose-built blockchain WASM engine, runs the EOS Mechanics WASM CPU benchmarks up to 16x faster than Binaryen, which was released with EOSIO 1.0,” the company stated.
To ease the efforts of the developers, introduced Quickstart Web IDE, a development tool that allows new developers to go from “start to ready-to-build in minutes.”
In addition, it also integrated WebAuthn authentication standards. This will allow the hardware devices to authenticate and sign transactions in the browser without the need for any extensions.
“With this release of WebAuthn support for EOSIO, developers can begin testing transaction signing with WebAuthn in their EOSIO applications, providing a level of security for private keys that doesn’t exist in blockchain today,” the company added.
Reactionary changes or scheduled ones?
The upgrade was introduced weeks after the report of a major vulnerability on the previous version of the protocol was surfaced. That also resulted in the theft of $110,000 worth digital currencies from an EOS gambling application – EOSPlay – last month. executives, however, rejected all the claims and stressed that the EOS network is working as intended.
Meanwhile, Bitfinex along with EOSfinex recently onto EOS blockchain protocol, Finance Magnates reported.

Be First to Comment

Leave a Reply

Your email address will not be published. Required fields are marked *