Advancing To Leap 6: EOS To Unlock Savanna’s Instant Finality on July 31st
In Brief
Leap 6 introduces Instant Finality through Savanna, a groundbreaking consensus algorithm that mirrors a seamless web2 experience within the web3 space.
Enter Savanna: Instant Finality and Beyond
Leap 6 introduces Instant Finality through Savanna (Scalable Agreement on Validated Additions with Nimble Nonrepudiating Attestation), a groundbreaking consensus algorithm that mirrors a seamless web2 experience within the web3 space. Drawing inspiration from the HotStuff consensus algorithm developed by VMware Research, Savanna marks a pivotal evolution in blockchain technology. It is an entirely new algorithm that takes block based consensus chains and upgrades them to the modern era of distributed systems utilizing the latest advances in consensus algorithms. It merges aggregate BLS signatures and advanced cryptographic techniques to dramatically enhance scalability and reduce the time to finality. Set to revolutionize the EOS Network, Savanna ensures irreversible transactions, and finality in mere seconds a 100x improvement over previous releases. This advancement boosts network efficiency and elevates user experience, positioning EOS at the forefront of blockchain development.
Enhanced Privacy and Cryptographic Innovation
Another remarkable aspect of Leap 6 is its potential for cryptographic innovation. The introduction of aggregate BLS signatures able to be verified in as little as 1.1ms* lays the groundwork for more abstract cryptographic building blocks, enabling the development of ZK proof systems. This is accomplished through EOS own implementation of BLS operations and specialized matrix operations in WebAssembly. These systems promise enhanced privacy features, such as confidential transactions and the use of private addresses, setting new standards in blockchain privacy and security.
*As benchmarked with an I9-13900 CPU.
Enabling Flexible Blockchain Structure with Potential New Roles
Leap 6 marks a significant evolution within the EOS ecosystem, introducing the possibility for a transformative reconfiguration of the traditional Block Producer role. This update offers the EOS community the option to split Block Producer responsibilities into two distinct functions: Block Proposers and Block Finalizers.
This change does not automatically take effect with Leap 6 but provides the community with the flexibility to adopt this new structure, should there be a consensus to do so. The introduction of Block Proposers and Block Finalizers offers a potential pathway towards a more decentralized, secure, and efficiently governed network.
- Block Proposers – tasked with organizing transactions into proposed blocks and coordinating with Block Finalizers to generate Quorum Certificates. These certificates serve as definitive proof that a proposed block has been finalized.
- Block Finalizers – concentrate on endorsing block proposals by sending their signatures to the Block Proposer for the creation of Quorum Certificates. This division of responsibilities aims to enhance the network’s security and efficiency by providing a robust mechanism for block validation and finalization.
In Leap 6 block proposing and block finalizers are separate concerns. This separation enables the EOS blockchain to reach new levels of safety and liveness, it will make the network more predictable to operate, it enables inter-blockchain communication, and it allows third parties to observe and ensure the health of the network without participating in creating transactions.
Looking Ahead: The Future of EOS and Antelope Chains
Leap 6.0 heralds a significant transformation for the EOS network, enhancing efficiency and decentralization with the Savanna consensus algorithm. This algorithm dramatically accelerates transaction finality, directly boosting network performance and user experience. More than just a technical upgrade, Leap 6.0 strengthens the community-driven and independent ethos of EOS, showcasing the network’s adeptness at integrating advanced consensus mechanisms. Supported by a strong technical infrastructure and the collaborative effort of EOS Network node operators, Leap 6.0 paves the way for a seamless transition, establishing new benchmarks in speed and security and influencing the next phase of blockchain technology development.
To stay informed on all updates related to the Leap 6.0 upgrade:
- Join the EOS Upgrade Support Telegram group to ask questions, and receive direct support and guidance throughout the upgrade process.
- Follow the EOS Network Foundation (ENF) on Twitter
- Subscribe to the ENF YouTube channel for weekly Node Operator Roundtable discussions that offer valuable insights and updates.
In the lead-up to the upgrade, we will continue to release comprehensive content, including deep dives, videos, and technical documentation, to ensure the community is well-prepared and informed.
EOS Network
The EOS Network is a 3rd generation blockchain platform powered by the EOS VM, a low-latency, highly performant, and extensible WebAssembly engine for deterministic execution of near feeless transactions; purpose-built for enabling optimal Web3 user and developer experiences. EOS is the flagship blockchain and financial center of the Antelope framework, serving as the driving force behind multi-chain collaboration and public goods funding for tools and infrastructure through the EOS Network Foundation (ENF).
EOS EVM
The EOS EVM is an emulation of the Ethereum EVM, housed within an EOS smart contract. It offers feature parity to other EVMs in the space but with unmatched speed, performance and compatibility. EOS EVM connects the EOS ecosystem to the Ethereum ecosystem by allowing developers to deploy a wide array of Solidity-based digital assets and innovative dApps on EOS. Developers can use EOS EVM to take advantage of Ethereum’s battle-tested open source code, tooling, libraries and SDKs, while leveraging the superior performance of EOS.
EOS Network Foundation
The EOS Network Foundation (ENF) was forged through a vision for a prosperous and decentralized future. Through our key stakeholder engagement, community programs, ecosystem funding, and support of an open technology ecosystem, the ENF is transforming Web3. Founded in 2021, the ENF is the hub for EOS Network, a leading open source platform with a suite of stable frameworks, tools, and libraries for blockchain deployments. Together, we are bringing innovations that our community builds and are committed to a stronger future for all.
Disclaimer
In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.About The Author
Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.
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Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.
