New EOS VM Engine Offers 5x Performance Increase, EOS New York Says

Parth Vig
Parth Vig is a Management student, and a keen observer of Cryptocurrency and blockchain technology, his interest in writing brings him to thecoinrepublic.com, He believes that he has many ideas that he pens down and he feels it would be a great asset for any kind of creative writing.
New EOS VM Engine Offers 5x Performance Increase, EOS New York Says

  • EOS New York says New EOS VM Engine Performance Increased by 5x. 
  • EOSIO 2.0 that was released last week with multiple core improvements to EOS VM.
  • Block.one reported that the migration to EOSIO 2.0 should offer a 16x performance gain over EOSIO 1.0.

EOSIO 2.0 that was released last week with multiple core improvements to EOS VM, a web-assembly engine that is built specifically for blockchain development.

EOS parent company, Block.one reported that the migration to EOSIO 2.0 should offer a 16x performance gain over EOSIO 1.0 with significant increases in smart contract efficiency by using block producers’ system resources more sprucely.

Now, one of the largest block producers (BP) on the EOS network, EOS New York, has claimed that their testing of EOS VM is showing CPU performance improvements of over 5x relative to the top fastest BP on the EOS blockchain.

They also say that the initial numbers pointed out to a 60x performance increase since the launch of the EOS network and praised the accrescent nature of EOS.

The speed gains are very considerable and clearly shows the time and effort Block.one has put into making EOS a more flexible and scalable cryptocurrency network. EOS block producers are much like miners in a proof-of-work (PoW) network or like node stakeholders on a proof-of-stake (PoS) network.

EOSIO 2.0

EOS built on a slight variation of PoS called delegated proof-of-stake. Delegated PoS works on the principle of having stakeholders with a given amount of stake on a node in the network and the other nodes vote on which node “delegates” to validate a block. Block Producers are the nodes on the network that stake their token holdings to voted in as a “delegate”.

EOSIO 2.0 has also brought in other minor improvements like the adoption of the WebAuthn standard, which allows for devices to authenticate transactions and run them within their browsers without having to use external software for EOSIO apps.

This improvement expected to increase the security and accessibility of the network since users don’t have to worry about private keys and other account information.

EOSIO also introduces a “weighted threshold multi-signature block production” that allows block producer’s to “securely sign blocks by utilizing a permission layer that allows for multiple blocks signing keys in a flexible scheme without sharing any sensitive data”.

We Recomaned

Top Rated Trading Platforms

Top Rated Cryptocurrency Exchange

Partners