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 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.
