EOS Completes Hard Fork to Spring 1.0 with Savanna Consensus Algorithm

Twitter icon  •  Published hace 1 mes  •  Hassan Maishera

The EOS Network Foundation (ENF) announced via a blog post on Wednesday that the EOS Network has upgraded to Antelope Spring 1.0, introducing the groundbreaking Savanna consensus algorithm.

The EOS Network Foundation (ENF) announced via a blog post on Wednesday that the EOS Network has upgraded to Antelope Spring 1.0, introducing the groundbreaking Savanna consensus algorithm.

The upgrade reduces transaction finality to 1 second, a greater than 100x improvement over previous versions. By enhancing speed, security, and scalability, this upgrade opens the door to future cryptographic innovations.

Spring 1.0 introduces Savanna (Scalable Agreement on Validated Additions with Nimble Nonrepudiating Attestation), a consensus algorithm that bridges the gap between web2’s seamless experience and the decentralized power of web3.

The upgrade ensures irreversible transactions and boosts both network efficiency and security.

EOS is a Delegated Proof-of-Stake cryptocurrency that launched in 2018 after a record-breaking ICO raising over $4.1bn. Its focus is on providing development flexibility, network scalability, and user-friendliness. EOS is up by 2% in the last 24 hours and is currently trading at $0.367 per coin.

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Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.