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EOS.IO Mainnet Update And BLOCK.ONE Relation To EOS.IO platform.

By Tony Chimdiuto Jun5,2018 #Blockone #EOS
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Last updated on August 29th, 2018 at 05:18 am

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EOS And Block One

Block.One is pleased to release version 1.0 of it’s open source EOS.IO blockchain software. This software enables businesses to efficiently build and deploy high-performance and high-security blockchain-based applications.

EOS.IO is designed to include:

Free Rate Limited Transactions
Low Latency Block confirmation (0.5 seconds)
Low-overhead Byzantine Fault Tolerant Finality
Optional high-overhead, low-latency BFT finality
Smart contract platform powered by Web Assembly
Designed for Sparse Header Light Client Validation
Scheduled Recurring Transactions
Time Delay Security
Hierarchical Role Based Permissions
Support for Biometric Hardware Secured Keys (e.g. Apple Secure Enclave)
Parallel Execution of Context Free Validation Logic
Inter Blockchain Communication

EOSIO allows developers to write business logic that is compatible with consensus algorithms that demand deterministic execution. Your user base can interface with this business logic using the secure public key infrastructure, bringing blockchain-level security, accountability, and auditability to your business. Business logic can easily updated according to the governance structures of your organization.

EOS.IO is designed to operate in environments without any tokens where system administrators allocate potentially unlimited resource quotas to users. Alternatively smart contracts can allocate resource quotas by other means, such as token staking, market fees, or voting. This makes EOSIO ideal for both enterprise and community-driven blockchains.

Depending upon your use case, EOS.IO can be configured to use one of two different Web Assembly engines, Binaryen and WAVM. A single EOSIO blockchain can support up to 1,000 TPS and future versions of EOSIO will provide the tools necessary to simplify inter-blockchain communication, allowing your business to scale horizontally.

EOS.IO is released under the open source MIT license and is offered “AS IS” without warranty of any kind, express or implied. Any security provided by the EOSIO software depends in part on how it is used, configured, and deployed. EOSIO is built upon many third-party libraries such as Binaryen (Apache License) and WAVM (BSD 3-clause) which are also provided “AS IS” without warranty of any kind.

Without limiting the generality of the foregoing, makes no representation or guarantee that EOSIO or any third-party libraries will perform as intended or will be free of errors, bugs or faulty code. Both may fail in large or small ways that could completely or partially limit functionality or compromise computer systems. If you use or implement EOSIO, you do so at your own risk. In no event will be liable to any party for any damages whatsoever, even if it had been advised of the possibility of damage.

About The Author

By Tony Chimdiuto

Content Developer | Blogger | SEO Manager | Web Administrator | Web Designer | Copyrighter | Journalist|

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