Dear IOST community,
Over the last few years blockchain projects have been grappling with what has come to be known as the scalability trilemma. Trying to find a balance between scalability, security and decentralization isn’t easy, and many projects have been cutting corners too much in one area and compromising the integrity of their blockchain in others. At IOST, we are developing solutions to this trilemma, and working to build a truly functioning decentralized infrastructure.
As a result of this continued work and development, we are excited to announce the release of the second iteration of the IOST testnet – Everest v1.0 – today! Some of the most exciting features of Everest 1.0 include:
- First Blockchain to support smart contract Domain Name System (DNS) and Flexible Access Control on upgrade/removal of contracts
- First Blockchain to support Multiversion Concurrency Control (MVCC) in storage layer, enabling high performance storage with MVCC cache
- Redesigned Virtual Machine that resolves many design issues in Ethereum and EOS, performance benchmark 10X faster than EOS and 200X faster than Ethereum
Everest v1.0 marks a new stage of the IOST blockchain development and incorporates many of the new technologies and systems we have been building over the past year. We’ve worked diligently to introduce significant updates to our technology from our first release – Everest v0.5 in June 2018 – and are very excited to have reached this milestone ahead of schedule!
You can read the full announcement of Everest v1.0 here.