Blockchain
EOS Network Foundation Releases “Blue” Papers, Funds Transaction Lifecycle Overhaul by OCI
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.
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
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:
Zack Gall, EOS Network Foundation
[email protected]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/118615
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Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:
BlackRock ETF Embraces Blockchain with First Muni Bond Purchase
BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.
By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.
Source: Yahoo Finance
Plume Secures Funding for Tokenization Platform
Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.
Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.
Source: Fortune
SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips
SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.
As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.
Source: The Quantum Insider
Deutsche Bank’s Public, Permissioned Blockchain Initiative
Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.
The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.
Source: CoinDesk
KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands
Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.
By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.
Source: PR Newswire
Industry Implications and Key Takeaways
Today’s developments highlight the transformative potential of blockchain across multiple domains:
- Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
- Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
- Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
- Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
- Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.
The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.
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