In the blockchain development world, a lot of attention is focused on Ethereum and Bitcoin, but we should not lose track of innovative projects such as the EOS blockchain, which recently rolled out 2.0, the latest release of a smart contracts network that can handle transactions 16 times faster than the established blockchain projects, the development firm in charge of EOS, which has its own digital currency token, made the announcement on January 10.

The new version of EOS features a Web Assembly engine for smart contracts; this framework is intended to make it easier for developers to code blockchain apps and deploy them across web servers. Support for cryptography authentication has also been upgraded for the convenience of developers. This new method of authentication should make things simpler for developers of progressive web apps; this is important because such apps tend to take up less storage space compared to their native counterparts. Users whose smartphones are underwhelming in terms of memory are the ones who stand to benefit the most from progressive web apps, particularly with regard to digital currency wallets.

Another crucial addition to the EOS blockchain is the improved support of multithreading processes. This upgrade is significant in relation to advanced hardware devices; the goal is to get the most out of the central processing units so that a higher volume of transactions can be handled and executed. Smart resource allocation is crucial in order to make blockchain networks faster and more efficient. Finally, EOS will offer an integrated development environment in the future for the purpose of making the network more attractive to new coders.

EOS is similar to Ethereum in the sense that the core development team is more interested in the underlying blockchain than on the main cryptocurrency token. This is not to say that developers do not see value in monetizing the blockchain; in fact, the launch of the EIDOS token last year put the EOS network to the test, and it did not handle token transactions too smoothly, thus making the need for blockchain upgrades even more urgent.