On January 10, Block.one, the company behind the EOS project, unveiled EOSIO 2, the second iteration of the EOS blockchain. The main goal is to create a faster, simpler and more secure to build on EOSIO,
A stable version of #EOSIO 2 is now available making it faster, simpler, and even more secure. Start building. https://t.co/R6PGAUsJ30
— block.one (@block_one_) January 10, 2020
According to the blog post, Block.one set out to solve problems they believe all developers face when building on blockchains: the speed in which smart contracts are executed, the complexity of onboarding new developers, and the security of private and public keys.
We believe the single biggest bottleneck for blockchain development is the speed in which they can execute smart contracts, said Block.one.
EOSIO was the first blockchain software to use a WebAssembly (WASM) engine to improve performance, but in time, we outgrew existing general purpose WASM engines and knew we could do more.
In general, it can take several hours or days to set up a blockchain development environment. This is why the company decided to build the EOSIO Quickstart Web IDE, a development tool that would allow developers to start working in just a few minutes.
Moreover, WebAuthn Support is a secure authentication standard that enables transaction signing without browser extensions or additional software. Finally, users will have a secure way for block producers to use different keys to sign blocks on primary and backup block production hardware.
EOSIO developers are currently working on solving issues that Ethereum 2.0
Dan Larimer, the Co-Founder of EOS, said that EOSIO developers are currently working on solving issues that Ethereum 2.0, which won’t launch for at least two more years, hasn’t even begun considering.
It looks like EOSIO will be light years ahead of eth2 before eth2 even arrives. We are tackling problems eth2 has not yet begun to consider. At least Vitalik can admit that ETH and it’s Current scaling solutions are only half baked. He tweeted.
He went onto explain that EOSIO has been consistently scaling ever since it launched in 2017, and is now 16 times faster than it was then.
In the 1.5 years since EOSIO , Block one has been consistently scaling the technology in multiple dimensions. Eosio 2 is now 16x faster than it was. ETH must scale 200x to catch up to Eosio today, he tweeted.
EOS price today | Source: Coinmarketcap
According to the Coinmarketcap, EOS price increased from $2.8 to $2.95 in the 24 hours. This represents a price increase of over 12% in the 7 days.
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