Enterprise blockchain, smart contract, and Dapp platform EOS has upgraded its EOSIO open-source blockchain software to version EOSIO 1.1.0 to achieve better scalability and performance.

The new release, announced July 20, 2018, also focuses on a better usability experience for developers looking to build on the EOS platform “laying a foundation for more scalable application development and support for an infrastructure team building on the EOSIO blockchain.”

“We’ve collected a lot of feedback on how the community is building applications on the platform and we are as dedicated as ever to continually improving the developer experience on EOSIO,” said EOS.

The EOSIO blockchain software is designed to enable businesses and communities to quickly build and deploy “high-performance” and “high-security” blockchain-based applications.

Some of EOSIO’s original features include free rate limited transactions, low latency (high-speed) block confirmations, a smart contract platform, scheduled recurring transactions, time delay security and inter blockchain communication.

The new release builds on the original with a batch of immediately available features and a preview of functions that will be available in future platform improvements. EOS, like Ethereum, Cardano, NEO and other similar dapp platforms, is a work in progress.

Immediately available and completed features for EOSIO 1.1.0 include a plugin for archiving data, a mode for identifying incomplete transactions and improvements to synchronization.

Preview feature releases, in alpha quality, include a hardware wallet option, a security option for Mac users, an external hardware security module, and a login plugin. The full details are available for developers on GitHub. As for the preview features, EOS is encouraging testing and feedback from the community.

The upgrade is not the only development for EOS this week. China’s Ministry of Industry and Information Technology (MIT) has created a blockchain technology index. The index awards points to blockchain networks based on underlying technology, application, and innovation. EOS is now in 1st place, with Ethereum in 2nd place. Bitcoin, with less innovation and use cases for its blockchain network, despite having been the first blockchain, sits in 17th place.

The new index titled the Global Public Chain Technology Evaluation has been organized by The China Electronic Information Industry Development (CCID) Blockchain Research Institute with the assessment carried out by the CCID Think Tank and the China Software Testing Center.

The purpose of the index is to assess the development level of public blockchain technology and gain a better understanding of blockchain trends and innovations. The evaluation index will be updated monthly.

On July 20, 2018, EOS was awarded 145.6 points and is the only blockchain to achieve a score above 100, so sits substantially above its nearest rival in the index, Ethereum. EOS also ranks above NEO, often dubbed “Chinese Ethereum” for its equivalent success as the blockchain of choice in China.

Currently, China’s MIT has only selected 30 blockchain projects for inclusion in the assessment.

The EOS mainnet was launched in early June, moving EOS from Ethereum to its own blockchain after raising $700 million dollars USD in a year-long ICO campaign. The mainnet launch was delayed by over a week, disappointing supporters.  Price of the EOS coin wavered around $14 USD with anticipation of the launch, but fell by half towards the end of June and has since only recovered slightly.

EOS has significant expectations to live up to after promising to solve the “scalability trilemma” of decentralization of block production, safety, and scalability. Pitched as a competitor to Ethereum, and after such a successful ICO, EOS will need to keep the improvements going. There is certainly no reason to suggest it won’t. The result from China’s Global Public Chain Technology Evaluation illustrates the promise EOS technology could hold.

EOS is currently enjoying a sizable increase in price. At time of writing, the 5th-ranked coin is currently up +2.70 percent in the last 24 hours and +16.12 over the last week.

The post Block.One Releases EOSIO Version 1.1.0 Targeted at Scalability, EOS Price up Nearly 3 Percent appeared first on UNHASHED.

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