The 5th biggest crypto by market cap, EOS recently announced that they are releasing version 1.6.0 that will bring a row of advancements including a higher speed of the blockchain transactions.
“…tests show upwards of a 35% increase in likely transaction speed…
…We are projecting noticeable improvements to sustainable transactions per second, reduced CPU costs, and lower latency on all EOSIO based blockchains.”
🚀 EOSIO https://t.co/avGUcersgr
— EOS42 (@EOS42io) January 18, 2019
The new version of EOS makes it one of the fastest platforms in the ecosystem as it has increased the transaction speeds of over 35% and even improved on CPU costs and lower latency.
These updates should enhance the performance of the peer-to-peer networking layer and real-time transaction throughput which would eventually improve overall transaction speed. This benchmark factors examining the EOSIO software on a private network.
EOSIO Contract Development Toolkit is intended to ensure more streamlined and efficient development on EOSIO when compiling smart contracts and generating ABI files. This produces a fundamental template and structure for smart contract development.
The announcement reads:
“EOSIO.CDT is designed to provide added support for Gnu & C++ 11 style and should create a more reliable way of declaring your smart contract structure and associated data structures when building an application.”
EOS is really good at staying under the radar. While other top chains make a big deal about their upgrades and launches, EOS barely made any public statements. Although people seem to be happy with the upgrade with one of the user saying that EOS is faster at issuing mitigation an updates compared to Ethereum.
With a market cap of $2.15 Billion, EOS is closing in to be the 4th biggest player in the market. BCHABC, which is currently at the 4th position, is only $20 million ahead of it. With well-received upgrades like this, EOS is bound to make their hold in the crypto ecosystem even stronger.