EOS Network Leaps Forward with Groundbreaking 1-Second Transaction Finality

Calgary, Alberta — The EOS Network has achieved a transformative milestone with the launch of its Spring 1.0 upgrade, introducing the innovative Savanna consensus algorithm.

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This upgrade catapults EOS into a new realm of performance and reliability, boasting an astounding 1-second transaction finality—over 100 times faster than its previous capabilities. This monumental improvement sets the stage for significant advancements in speed, security, and scalability within the blockchain landscape.

The upgrade epitomizes the collective vision of EOS’s decentralized community, highlighting its relentless pursuit of blockchain innovation. Bart Wyatt, CTO of the EOS Network Foundation, emphasized the importance of this development, stating,
“Changing our core consensus algorithm is a rare feat in the blockchain world. Very few Layer 1 blockchains have undertaken this, with Ethereum being a notable example. This leap to 1-second finality places EOS at the cutting edge of blockchain technology and empowers our community to take ownership of this journey.”

Bart Wyatt, CTO of the EOS Network Foundation
EOS has seamlessly transitioned to Antelope Spring 1.0, showcasing a non-contentious upgrade path that underscores the collaborative spirit of the EOS community. Extensive beta testing and a coordinated activation effort among global block producers ensured a smooth transition.

At the heart of this upgrade, the Savanna consensus algorithm transforms blockchain efficiency. By utilizing advanced cryptographic techniques, including aggregate BLS signatures, Savanna guarantees rapid and irreversible transactions, enhancing network security and scalability while unlocking new use cases in the blockchain industry.

Spring 1.0's Impact on the Blockchain Landscape

Yves La Rose, CEO of the EOS Network Foundation, remarked:
“Spring 1.0 is a pivotal moment for the entire blockchain ecosystem. The introduction of the Savanna consensus algorithm with 1-second instant finality redefines what’s possible in terms of transaction speed, reliability, and security. This collaborative achievement not only positions EOS as a technically advanced platform but also paves the way for the next generation of decentralized applications.”

Yves La Rose, CEO of the EOS Network Foundation
As EOS embarks on this transformative phase, it opens doors to new growth opportunities within its ecosystem. The advancements realized through Spring 1.0 create exceptional value for developers and investors alike, emphasizing the long-term potential of blockchain innovation.

With a robust infrastructure and proven technology, the future holds boundless possibilities for the EOS Network.

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About the EOS Network Foundation

The EOS Network Foundation (ENF) is committed to a decentralized future, championing stakeholder engagement, community programs, ecosystem funding, and open technology development. Founded in 2021, the ENF serves as the central hub for the EOS Network, a leading open-source platform equipped with reliable frameworks, tools, and libraries for blockchain deployment. Together, we’re fostering innovations that empower our community and solidify a promising future for all.