EOSIO Releases Dawn 4.0, Announces Full 1.0 Release for June 2018
EOSIO Dawn 3.0 was released in April 2018. Now, the developers are preparing to release EOSIO Dawn 4.0 in anticipation of a full version 1.0 release in June 2018.
EOSIO, found online at EOS.io, aims to create the world’s most powerful infrastructure for decentralized apps. The goal is to create a platform capable of supporting thousands of commercial scale decentralized apps. The platform supports crucial features like inter-blockchain communication. It also separates authentication from execution while remaining flexible for various enterprise uses. All of these features are crucial if blockchain technology becomes mainstream for commercial use.
The end result, if EOSIO is successful, is a decentralized operating system that can easily support industrial-scale applications.
The ecosystem is powered by EOS tokens. EOS has been one of the best-performing tokens of the last few weeks. Buyers are snapping up tokens as the EOSIO platform gets closer to launch. EOS is an ERC20 token. As of May 7, the currency has the fifth largest market cap in the entire cryptocurrency industry.
What’s New in EOSIO Dawn 4.0?
On May 5, Block.one CTO Daniel Larimer announced the release of EOSIO Dawn 4.0 on Medium. Block.one is the open source software publisher currently working on EOSIO. This follows the release of EOSIO Dawn 3.0, which appeared online on April 6.
With EOSIO Dawn 4.0, inter-blockchain communication is easier than ever. Dawn 4.0 allows apps running on different blockchains to purchase unused RAM from each other over “multiple chains with independent memory regions running on independent hardware.” The end result of this system is a scalable blockchain architecture where apps can depend on multiple chains to scale faster and more efficiently.
To facilitate this RAM sharing system, Dawn 4.0 encourages users to distribute their unused RAM. EOSIO will let supply and demand govern the price. As the demand for RAM increases, the price apps are willing to pay for that RAM will increase, helping the system scale upward as more and more users are incentivized to share their RAM with the network. Many people will wonder what is RAM Trading on EOS and will soon find out.
The latest release has also been focused on general “cleanup and stability of the EOSIO software.”
Other features outlined by the post on Medium include lightweight producer schedule change proofs, a refined producer pay model, producer vote decay, exchange integration support, and header-only validation.
The key focus, however, is on the market-based RAM allocation model – a new and improved version of the previous system.
— Daniel Larimer (@bytemaster7) May 6, 2018
EOSIO Dawn 3.0 had a RAM allocation model, although the Dawn 3.0 system only allowed users to sell RAM for the price you paid. The goal was to disincentivize hoarding. Now, under Dawn 4.0, the market will set the price.
The Github page for EOSIO reports 508 open issues, although nearly 1,000 issues have already been closed to date. EOSIO is also the 8th most active project on Github over the past month.
Ultimately, EOSIO seems well on its path towards facilitating inter-blockchain communication for commercial-scale apps. To stay up-to-date on the project, visit online today at EOS.io. The full release (version 1.0) of the EOSIO platform is scheduled for June 2018, although a specific date has not yet been announced.