Open-source software developer, Block.one has officially launched the 1.0 version of the blockchain-based protocol, EOSIO. As per their official communication from the firm's blog post, Block.one's new software protocol will act as a platform designed to build both enterprise and community-based applications for different levels.
According to Block.one post, the EOSIO will also enable businesses to establish and deploy high-performing and highly secure blockchain applications rapidly. The platform's version 1.0 source code is from now available as an “open-source” and hence allowing business and individuals to create entry-level applications.
Background On EOSIO 1.0
The EOS movement is slowly gaining momentum, and the release of the EOSIO 1.0 blockchain software coincides with the growing need to move from a token-based system. Such is the case with the EOSIO 1.0 since it can operate without the need for using or accompanying the transactions with digital token assets.
However, the program does allow for configuration to allocation the resources through the provided market fees, staking protocols or voting. Consequently, that makes EOSIO 1.0 an excellent option for community-focused and corporate blockchain solutions. And with the token migration process catching up, the newly designed EOSIO could promise a scalable method for millions of transactions.
What To Expect From The EOSIO 1.0 Release
The open-source EOSIO blockchain platform will purportedly allow the businesses to create advanced level applications such as blockchain-based enterprise solutions. Here are the core features of the platform's design, as indicated by Block.one
- 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
The configuration of the EOSIO design is set to work through the Web Assembly engines provided by the platform. The Binaryen and WAVMM engines will help support up to 1,000 TPS with the capability to also ensure the necessary tool to make inter-blockchain communication much simple for businesses to horizontally scale the technology. The engine models will include the Apache License software and the BSD 3-clause, for the web assembly process.
In a related development, Block.one have also taken the liberty to notify potential users of the terms of using the EOSIO 1.0 version. The EOSION release is under the MIT open-source license and is to work as an “AS IS” software, without any possible warranty.
Block.one insists that users must remain cautious of the viability of the enterprise protocols on EOSIO and due diligence is necessary while interacting with them. The software developer further notifies software publishers to take note of the “AS IS” conditions of the third-party libraries in use. Overall, the notion is that Block.One intends to bear no liabilities for damages resulting from using EOSIO 1.0 software.