Unveils EOSIO 2.0 With New Developer Tools, Enhanced Performance and Security

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by Bhushan Akolkar · 3 min read Unveils EOSIO 2.0 With New Developer Tools, Enhanced Performance and Security
Photo: EOSIO unveiled EOSIO 2.0, which has new tools designed to improve the network performance by 16x times while significantly reducing the entry barrier for new EOSIO blockchain developers.

EOSIO developer has recently unveiled the second version of the platform making it faster, simpler, and secure to build on EOSIO. One of the major roadblocks in blockchain development is the speed of execution of smart contracts, and EOSIO 2.0 aims to address this issue.

Speaking on the launch, CTO Dan Larimer said:

“Eosio 2 rc1 is officially available for the community to download and utilize on testnets and even non-critical EOS nodes. Assuming no major issues this will be the final 2.0 version and it’s super fast!”

The official press release notes that their commitment is to radically transform the developer experience by creating a custom-built engine called EOS VM. Besides, also aims to provide tools for effectively onboarding developers on the EOS platform as well as providing the support for industry-standard authentication.

The update features a high-performance WebAssembly (WASM) engine which is specialized for creating applications on EOSIO. As per the company claims, the EOS VM provides 16x better performance.

With the launch of version 2, EOSIO becomes the first blockchain protocol with WebAuth standards thereby bringing greater usability and security for applications built on the platform. Furthermore, by using EOSIO Quickstart Web IDE, developers can quickly transit from start to read-to-build platform.

Four Key Components of EOSIO 2.0

The four major components of the EOSIO 2.0 include:

  • EOS VM: This is a high-performance WebAssembly (WASM) engine for “specialized blockchain applications”. It focuses on substantially boosting the platform’s performance gains by effective use of resources while processing smart contracts.
  • EOSIO Quickstart Web IDE: It is a web-based integrated development environment that supports building EOSIO smart contracts along with its associated web applications. It significantly reduces the entry barrier for new EOSIO blockchain developers, runs on any browser and can be set up in minutes.
  • WebAuth Support: It is a widely accepted secure authentication standard enabling transaction signing without additional software or browser extensions.
  • Weighted Threshold Multi-Signature Block Production Support: It provides block producers with a secure way to sign blocks using different keys. CTO Dan Larimer said:

“ is delivering on what we promised for EOSIO 2. With enhanced performance and support for the latest web authentication standard, we’ve made using blockchain applications even easier for the masses. By lowering the costs and increasing the protocol’s scalability, is continuing to make EOSIO the fastest, most secure and easiest to use protocol on the market today.” is also bringing developments to the forefront. In June 2019, the company launched a new decentralized social media platform called Voice on its EOS blockchain network. The EOSIO 2.0 platform will likely bring new features to Voice.

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Bhushan Akolkar

Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.

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