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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Blockchain
Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity)
Building Customer Trust in AI with Blockchain
Blockchain is emerging as a critical tool in addressing the trust deficit in artificial intelligence. By leveraging decentralized ledgers, companies can provide transparent data provenance, ensuring that AI algorithms operate ethically and without bias. This integration allows customers to verify the origins of data used in AI models, fostering greater confidence.
Businesses deploying blockchain for AI governance must prioritize simplicity and accessibility in their implementations. While the technology’s potential is immense, it is essential to communicate its benefits in a manner that resonates with non-technical stakeholders.
Source: Harvard Business Review
Blockchain at a Crossroads: Balancing Promise and Peril
As blockchain technology matures, it finds itself at a crossroads. On one side, the promise of decentralization continues to captivate industries, offering solutions for supply chain management, finance, and digital identity. On the other, challenges such as regulatory scrutiny, scalability issues, and energy consumption threaten to impede its growth.
The path forward will require a concerted effort from developers, regulators, and industry leaders. Collaborative frameworks that address these challenges while preserving blockchain’s core principles of decentralization and transparency are key to ensuring its sustained relevance.
Source: Cointelegraph
BRICS vs. USD: Blockchain’s Role in Economic Shifts
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This initiative exemplifies blockchain’s potential to redefine global financial systems. However, its success hinges on addressing interoperability issues and fostering international collaboration. The evolution of blockchain-based trade networks could mark the beginning of a new era in economic diplomacy.
Source: CoinGeek
Hungri Games Expands MetaHorse Unity to Base Blockchain
Hungri Games has announced the expansion of its MetaHorse Unity project to the Base blockchain, aiming to enhance the gaming experience with improved scalability and lower transaction costs. This move aligns with the growing trend of integrating blockchain into gaming to create transparent and secure ecosystems.
By adopting Base, a layer-2 blockchain, MetaHorse Unity seeks to offer players a seamless and cost-effective gaming experience. The partnership highlights the potential of blockchain to transform the gaming industry, enabling innovative monetization models and fostering player engagement.
Source: CoinTrust
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The purchase also highlights the increasing role of blockchain in creating unique, tradable assets that capture moments in time. As tokenization continues to gain traction, it is redefining how value and significance are assigned in the digital age.
Source: PRNewswire
Final Thoughts: Blockchain’s Expanding Horizons
This week’s developments highlight the diverse applications of blockchain technology, from fostering trust in AI to reshaping global economic systems. As the industry navigates challenges and opportunities, collaboration and innovation will be crucial in unlocking blockchain’s full potential.
While hurdles such as scalability and regulation persist, the technology’s ability to drive transparency, security, and inclusivity remains unparalleled. The coming years will undoubtedly see blockchain continue to evolve, solidifying its role as a transformative force across sectors.
The post Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity) appeared first on News, Events, Advertising Options.
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