EOS Records Over '87 Million Operations,' Other Major Upgrades Released

Daniel Larimer, Chief Technical Officer (CTO) at Block.one, a Cayman Islands-registered firm that managed the initial development of EOS, one of the world’s largest platforms for deploying decentralized applications (dApps), has revealed some important updates.

On April 5th, 2019, Larimer noted (via Twitter) that EOS had “set a record” as the smart contract platform had recently logged “over 70 million actions” in “one day.” Larimer, who also helped develop Steemit (a blockchain-powered social media network) and BitShares (a decentralized exchange service), added that EOS’s network had been averaging “over 810 actions per second.”

87 Million Operations Logged

In response to Larimer’s tweet, “EOS Go” (@go_eos), a community hub and a “neutral” source of information on updates related to EOS, posted a link which appeared to confirm that the EOS network had registered over “87 million actions.” Notably, this averages out to “more than 1 thousand actions per second,” EOS Go estimated.

According to Blocktivity, a website that tracks blockchain activity, EOS has processed an average of over 21 million operations in the past week - while Tron (TRX), the second major blockchain network on the list, only managed to process about 1.4 million operations (on average) in the last seven days. However, the accuracy of this data has not been confirmed.

In addition to these seemingly impressive milestones reached by EOS, the developers of the blockchain platform have introduced a Resource Exchange (REX). The exchange has its own native, non-tradable token that network participants can use to rent CPU and Network resources from other users on the EOS platform.

Universal Authenticator Library (UAL) Released, EOS Labs™ Launched

On April 3rd, 2019, Block.one published a report which confirmed that cryptocurrency wallets are “a pivotal component in the path towards mass adoption of blockchain-based software.” While Block.one has not introduced its own (proprietary) wallet software “at this time,” the blockchain development firm has published open-source code and launched an organization called EOSIO Labs™.

According to EOS’ development team, Block.one has open-sourced the Universal Authenticator Library (UAL) Github Repository. This “initiative demonstrates an alternative approach” for application developers “integrating with an Authenticator.”

As explained by EOS’ developers, the newly launched Authenticator system may include key managers, wallets, and app explorers. Software architects will now have access to EOS-based programs using a “single, universal API.”

This universal API will reportedly provide software developers “an optional … user experience (UI) layer so that users get a consistent look and feel,” which is “independent of the wallet they are using or the site they are on.”