EOS: EOSIO rolls out new update; claims to improve transaction speed by up to 35%

The EOS network officially announced the release of EOSIO version 1.6.0 in a move that is all set to substantially boost performance and efficiency of the application. The move, announced via EOSIO’s official Medium blog post, is not only an upgrade of its previous version 1.5.0, but has promised to speed up transaction speed among other significant improvements.

The new version 1.6.0 is designed to make sure that it remains one of the fastest protocols in the market, one in tune with the needs and requirements of developers on the EOS network.

In fact, EOSIO has already claimed that it has witnessed a 35% increase in transaction speeds, as well as notable improvements in reduced CPU costs and lower latency on EOSIO based blockchains.

EOSIO has also sought to improve and streamline the ‘creation, development and testing’ of smart contracts on its network. As the Medium blog suggests:

“EOSIO.CDT is designed to provide added support for Gnu & C++ 11 style and should create a more reliant way of declaring your smart contract structure and associated data structures when building an application.”

Furthermore, a new tool that generates a basic template and structure for smart contract development was also incorporated in the said update.

Finally, EOS has also marked each of these updates as Release Candidates and will be collecting user and developer feedback on each one of them.

Presently, EOS, as a cryptocurrency, has a market cap of over $2.11 billion. However, the nature of EOS makes it more than just a cryptocurrency. EOS is a revolutionary blockchain protocol that works more as a platform for a diverse set of decentralized applications, all of which can have a wider utility. EOS’s efforts at improving the efficiency of the peer-to-peer networking layer as well as raising transaction speeds significantly make it a platform to keep an eye out for.