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EOS Network Foundation Releases “Blue” Papers, Funds Transaction Lifecycle Overhaul by OCI

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Calgary, Alberta–(Newsfile Corp. – March 30, 2022) – The EOS Network Foundation (ENF), the new entity that has been entrusted by the EOS community to develop its core blockchain software, has completed the first stage of its planned technical improvement of the EOSIO core software, divided into four main “Blue Papers” and development branches.

EOS Network

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The Blue Papers are divided into Audit+, focusing on a framework for security analysis and contract audit for EOSIO apps; Core+, which aims to restore the EOSIO software as a leading blockchain technology stack; API+, which aims to improve EOS node endpoints to provide better statistics and usability for dApps; and Wallet+, which outlines new wallets, SDKs and standards to complement the overall user experience.

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With the Blue Paper research now complete, the next stage is execution. For this, the ENF partnered with Object Computing, Inc. (OCI), a consulting company whose technology division has previously been instrumental in the development of EOSIO as part of their engagement with Block.One. The 200+ engineers from OCI have also worked with blockchain projects like Emanate, AirTM, StrongBlock, in addition to corporations such as NASA, Rio Tinto, Bayer, and Motorola. OCI is engaged to develop the Transaction Lifecycle overhaul outlined in the API+ papers. OCI is engaged to develop the Transaction Lifecycle overhaul outlined in the API+ papers.

Transaction Lifecycle was identified as a high-priority item both from general community feedback and the API+ Blue Paper. The objective is to provide several major quality of life improvements for node endpoint API users, who previously lacked appropriate tools to reliably pass and execute transactions. For example, existing “subjective billing” features made it difficult to predict resource costs (gas costs in other blockchains) of any particular transaction. Transactions were also difficult to track and re-submit, significantly worsening user experience. While some developers developed workarounds, the broader EOSIO community encountered unnecessary difficulties.

The overhaul aims to fix the biggest challenges outlined in API+. A new API endpoint will estimate resource usage for submitted transactions. Routing within Subjective Billing is also going to be redesigned to reduce the rate of “lost” transactions. Finally, transaction tracking and relaying will see major improvements, which will make it easier to develop efficient block explorers or reproduce their features for dApp frontends.

“EOS is fortunate to be able to leverage an experienced team such as OCI. The ENF looks forward to the continued collaboration that will accrue significant value to the EOS Network. Having access to multiple industry leading development teams will undoubtedly strengthen EOS’s core codebase with many teams working in parallel to implement a consolidated roadmap of products and features as outlined in our Blue Papers.” – Yves La Rose, ENF – Executive Director

“OCI has been contributing to the development of EOSIO since the very beginning; we’re excited about this opportunity to work with ENF to build upon that work and make the EOS platform the most performant and easy to use blockchain in the world.” – Brian Johnson, OCI – Principal Blockchain Engineer

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About EOS Network Foundation

The EOS Network Foundation (ENF) is a not-for-profit organization that coordinates financial and non-financial support to encourage the growth and development of the EOS Network. The ENF is the hub of the EOS Network, harnessing the power of decentralization as a force for positive global change to chart a coordinated future for the EOS Network.

About Object Computing, Inc

Object Computing, Inc. (OCI) is a modern consulting company that takes businesses from insights to outcomes using breakthrough technology. OCI’s technology team has unmatched expertise in designing and building solutions using today’s leading-edge technologies, including machine learning, blockchain, the Internet of Things, and cloud. As one of the original pioneers of enterprise open source solutions, OCI strategically integrates best-in-class open source technologies into enterprise solutions to deliver impactful digital capabilities that enable exceptional extensibility, reusability, security, and quality. Visit objectcomputing.com to learn more about how OCI partners with clients and the community to deliver impactful technology solutions.

Media Contact:

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Zack Gall, EOS Network Foundation
[email protected]

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/118615

Newsfile is a customer-focused newswire team that delivers press releases and corporate announcements to the global financial community. Approved by all stock exchanges, Newsfile offers broad access to media, analysts, investors and market participants. With agile services, proactive customer care and affordable pricing; Newsfile makes it easy for companies to tell their story to the audiences they need to reach.

Blockchain

Bybit Expands bbSOL Yield Opportunities Through Strategic DeFi Partnerships

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This Week in Finance News: 11 Stories You Need to See

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With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire. To help finance journalists and consumers stay on top of the week’s most newsworthy and popular releases, here’s a recap of some major stories from the week that shouldn’t be missed.

The list below includes the headline (with a link to the full text) and an excerpt from each story. Click on the press release headlines to access accompanying multimedia assets that are available for download.

  1. Prosperity or catastrophe: #Insurance2040 study reveals four possible futures for the industry
    By 2040, technological innovation driven by customer centricity could pave the way to greater climate resilience and more personalized offerings by the insurance industry. Alternatively, insurance could become a luxury afforded only to the wealthiest few.
  2. Cardinal Health announces two strategic additions to its portfolio
    Cardinal Health will acquire a majority stake in GI Alliance (GIA), the country’s leading gastroenterology (GI) management services organization (MSO), from a combination of GIA physician owners and funds managed by affiliates of Apollo. Cardinal Health will also acquire the Advanced Diabetes Supply Group (ADSG), one of the country’s leading diabetic medical supplies providers, for approximately $1.1 billion in cash.
  3. BlackRock Launches New BUIDL Share Classes Across Multiple Blockchains to Expand Access and Potential of BUIDL Ecosystem
    This initiative represents the next step in the evolution of the tokenization market, by enabling BUIDL to be used within leading blockchain-based financial products and infrastructure across ecosystems.
  4. Primo Brands Corporation Announces Successful Completion of Merger of Primo Water and BlueTriton Brands
    “I believe Primo Brands is positioned to be a leader in the healthy hydration beverage category, thanks to the strength of its iconic, sustainably-sourced brands, its robust operations and extensive North American network, and its responsible operation of numerous springs across the country,” said Dean Metropoulos, Non-Executive Chairman of the Board of Directors of Primo Brands.
  5. Jackson Hewitt Tax Services Expands Workforce, Offering Job Opportunities Nationwide for Upcoming Tax Filing Season
    The week-long event will launch the combined hiring of 18,000 employees to prepare for the upcoming tax filing season. The Jackson Hewitt hiring events are open to the public and include on-site interviews. Qualified candidates could receive a job offer immediately.
  6. PNC Bank to Double Planned Branch Openings to More Than 200 Across Six States This announcement brings the bank’s total investment to approximately $1.5 billion to open more than 200 new branch locations in 12 cities across the U.S. over the next five years, while completing the renovations of 1,400 existing branches during the same time period.
  7. Alchemy Pay Expands Virtual Card Functionality with Google Pay Support The new card BINs added will significantly enhance the capabilities of crypto cards, expanding their support for a broader range of payment scenarios and improving transaction success rates. This advancement is particularly impactful when paired with Google Pay, one of the most popular and widely used digital payment platforms, trusted by millions for its convenience and security.
  8. Finaya Unveils Nationwide Homeownership Platform
    From providing rich and current information about home values and property conditions, to finding helpful repair and remodeling providers, to shopping for and securing the right insurance, the platform simplifies the homeownership process, making it more accessible, convenient and efficient.
  9. GenAI predicted to inspire revenue growth in 76% of businesses, but only 4% qualify as “leaders” in AI and analytics
    Kearney’s report confirms that businesses are not only aware of how big data, AI, and analytics will impact revenue generation and enhance business strategies, but they are investing to stay ahead of the curve, too.
  10. GameAbove Sports Acquires Meaningful Ownership Stake in Brisbane Bullets with NBA Legend George Gervin as Part of Ownership Team
    This move marks a significant milestone for GameAbove Sports, a CapStone Holdings Inc. company, as it expands its influence on international basketball ahead of the Brisbane 2032 Olympics.
  11. Most US shoppers are encountering generative AI while shopping without realizing it
    A survey of 700 online shoppers in the US shows 71% are unaware of having used generative AI while shopping online even though most had recently shopped at retailers currently using it. 41% of customers say they would feel comfortable using a generative AI tool from a brand they trust.

For more news like this, check out all of the latest finance-related releases from PR Newswire.

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Helping Journalists Stay Up to Date on Industry News

These are just a few of the recent press releases that consumers and the media should know about. To be notified of releases relevant to their coverage area, journalists can set up a custom newsfeed with PR Newswire for Journalists.

Once they’re signed up, reporters, bloggers, and freelancers have access to the following free features:

  • Customization: Users can create customized newsfeeds that will deliver relevant news right to their inbox. Newsfeed results can be targeted by keywords, industry, subject, geography, and more.
  • Photos and Videos: Thousands of multimedia assets are available to download and include in a journalist or blogger’s next story.
  • Subject Matter Experts: Journalists will have access to ProfNet, a database of industry experts to connect with as sources or for quotes in their articles.
  • Related Resources: Our journalist- and blogger-focused blog, Beyond Bylines, features regular media news roundups, writing tips, upcoming events, and more.

The post This Week in Finance News: 11 Stories You Need to See appeared first on .

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Blockchain

Fintech as a Service Market: A Comprehensive Trends Analysis Predicts a USD 1,329.12 Billion by 2032 CAGR: 17.4% | PMR

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