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Launch Of EOS Blockchain With $4 Billion Record ICO

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EOSIO blockchain software with version 1.0 is released by Block.io. The open source protocol of EOS blockchain version 1.0 is now available on GitHub.

Right now, everyone is counting on the numbers of tokens that will shift to the new blockchain. Exchanges, miners, traders are marking EOS ERC20 tokens for the same reason. This will allow traders to redraw required strategies, once they identify tokens which are bidding adieu to Ethereum blockchain and migrating to the new blockchain.

This software promises to be back with high performance and high-security blockchain-based applications. According to Block.one, EOSIO platform is designed to include

  1. Free Rate Limited Transactions
  2. Low Latency Block confirmation (0.5 seconds)
  3. Low-overhead Byzantine Fault Tolerant Finality
  4. Optional high-overhead, low-latency BFT finality
  5. Smart contract platform powered by Web Assembly
  6. Designed for Sparse Header Light Client Validation
  7. Scheduled Recurring Transactions
  8. Time Delay Security
  9. Hierarchical Role Based Permissions
  10. Support for Biometric Hardware Secured Keys (e.g. Apple Secure Enclave)
  11. Parallel Execution of Context Free Validation Logic
  12. Inter Blockchain Communication

Recently, EOS was in news for achieving “longest ICO in cryptocurrency history”, and has reportedly raised an astounding $4 billion in nearly a year. It is needless to say that EOS team has received great attention in the market with its ambitions about the platform, with the determination of zero transaction fees and scale to allow millions of transaction per second.

A few days ago, Chinese Internet Security giant Qihoo 360 claimed to have discovered a “series of epic vulnerabilities” in the EOS protocol. This report was released on Weibo (Chinese twitter), but the Chief Technological Officer at EOS responded, calling the report FUD but fixing one bug which existed. Soon after this report, EOS team announced a $10,000 bounty for anyone who can find a major bug on the platform.

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