The EOS Network Foundation is making the blockchain space better, and giving devs more tools to create real solutions. While Leap 5 doesn’t solve all the issues blockchain devs face, it is a step along a path that will lead to a new era in blockchain functionality.
Leap 5 is a big development for blockchain technology. It is the brainchild of the EOS Network Foundation, and will drive the blockchain development space forward. Leap 5 will improve features, and lay solid foundations for the future.
- Leap 5 is a major upgrade launched by the EOS Network Foundation on January 4th to improve the EOS blockchain.
- It aims to reduce limitations, increase speed, improve efficiency, and expand governance capabilities.
- Two key changes are removing constraints on smart contract inline action size and transaction times to allow more data transfer and computation.
- Leap 5 quadruples the speed of ABI-intensive queries and enables parallel processing for faster read-only transactions.
- It optimizes block creation reliability and provides node operators more customization and control.
- Together this increases flexibility for developers, efficiency of the network, and lays the groundwork for further upgrades like Leap 6.
- Leap 6 will introduce instant finality and other consensus improvements to stay at the forefront of blockchain technology.
- EOS also offers EOS EVM as a bridge between EOS and Ethereum, providing advantages of both ecosystems to developers.
Leap 5 is Here!
Leap 5 launched on January 4, and found a warm welcome in the EOS community. It shifts the process of setting up systems that are efficient, reliable, and scalable for anyone in the global EOS ecosystem.
Leap 5 improves the backbone of the network, and will make the next planned update a reality. This happens while the EOS Network is preparing for the Leap 6 consensus upgrade.
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Watch a simulated hard fork to Instant Finality on a testnet prototype that achieves transaction finality in 1.5 seconds with nodes located around the world! ????
— EOS Network Foundation (@EOSNetworkFDN) January 29, 2024
Four primary goals are at the heart of this upgrade. It reduces limitations, increases the speed, improves efficiency, and increases governance capacities.
The EOS community initially anticipated that the large consensus update and the introduction of Instant Finality would be included in this release. However, they will be introduced with Leap 6 instead. Further information on these developments will hit global media in the following months!
Leap 5 brings in two changes that redefine constraints placed on smart contracts. The first significant change is the deletion of max-nonprivileged-inline-action-size, keeping only the objective limit managed on-chain as a constraint for inline action size, maximum_inline-transfer-size.
This change enables the smart contracts to move more kilobytes via in-line action when idle interacting with other prose. For instance, this modification’s latest call action for EOS EVM empowers deploying contracts over 4 kilobits.
The second amendment intends to modify the initial value for max-transaction time so that the transaction will be restricted up until point by on-chain supervised max.
This alteration allows transactions to achieve more within their given time window. For example, the EOS EVM could use its extended transaction time to perform additional and complete transactions that could have been rejected at a high network load.
Many blockchains have struggled with network congestion, which in some cases leads to high transaction prices, and slow clearance times. Now, EOS is addressing these issues, and creating real solutions.
Leap 5 is set to quadruple the efficiency of ABI-intensive queries through non-blocking deserialization and allows for a higher volume of read-only transactions by enabling parallel processing across up to 128 threads.
Moreover, the optimization feature of EOS VM OC can now enhance the execution of select smart contracts, significantly reducing execution time. This optimization is limited to trusted smart contracts on accounts prefixed with “eosio.”
Smart contracts for EOS EVM, being deployed on accounts with the “eosio.” prefix, benefit from these optimization gains, providing alternative ways to execute EVM transactions requiring substantial computational resources within the transaction time limits.
Big Efficiency Upgrade
Through the implementation of streamlined sync and memory-optimized chainbase, the introduction of Leap 5 makes Antelope networks more cost-effective. This results in a reduction of around twenty percent in the amount of state memory used.
In addition, node operators are provided with expanded governance tools, including the capability to personalize node settings, address peering difficulties via Prometheus logging, and guarantee efficient and secure connections for usage exclusively within the local area.
More Features Leap 5 Delivers
Leap 5 introduces enhancements that significantly relax previous restrictions, broadening the scope for larger transactions. This is achieved through adjustments in system configurations that allow for greater payload deliveries and extended transaction times, providing developers and contracts with newfound flexibility.
The system’s performance undergoes a dramatic transformation with Leap 5, boasting up to four times the speed in ABI-intensive queries and enabling parallel processing on an unprecedented scale. Such enhancements not only improve the execution times of smart contracts but also extend these benefits to EOS EVM, leveraging the EOS Virtual Machine for optimized smart contract deployment and execution.
Optimizing Block Creation and Networking
Block creation reliability receives a significant boost from optimized block start times, effectively reducing delays between rounds. Customizable endpoints further empower users with greater network control, allowing for tailored configurations that meet diverse operational needs.
Leap 6 and Beyond
The Leap 5 upgrade has an emphasis on quick operations, efficiency, command and control capabilities, and flexibility to provide a solid basis for further updates that will be implemented.
The anticipated Leap 6 consensus update is intended to be released shortly, and this is the forerunner to such an update. In terms of blockchain technology, they are the building blocks of an update that will enable EOS Network to maintain its position at the forefront of the industry.
Leap 5 is a representation of the progress that the developers have made, and it represents API providers and node operators.
Both of these entities are involved in their development. It provides a more robust and comprehensive environment for software developers.
It improves the quality of application programming interfaces (APIs) provided by providers while simultaneously developing more extensive tools for operators to use in dealing with transaction processing and maintaining networks.
As Leap 5 ushers in a new age of blockchain technology for the EOS Network, it also serves to reinforce the EOS Network Foundation’s commitment to innovation, efficiency, and community involvement. This is because Leap 5 is now in the process of being implemented.
The Foundation is in an excellent position to further develop consensus methods via the use of Leap 6, which will allow it to continue its journey toward a prosperous and decentralized future. Specifically, this is because the Foundation is excited about the future.
The EOS Network and EOS EVM
The EOS Network sees value in its third-generation blockchain platform that delivers low latency and high capacity. The platform gives users a better Web3 experience and transactions that work quickly.
For developers, the EOS EVM serves as a bridge between the EOS and Ethereum ecosystems, providing them with the advantages of both ecosystems: the powerful Ethereum tools and libraries as well as EOS features.
The EOS Network Foundation’s core goals are to support multi–chain synergy, ecosystem funding, and open technology systems. As the EOS Network’s guardian, the EOS Network Foundation is making the changes that devs and users need.
With Leap 5, an era of blockchain technology that focuses on efficiency, adaptability, and scalability is here. It marks a breakthrough in evolving the EOS Network at a core level.
As it prepares for the Leap 6 update, the EOS Network Foundation sees a brighter future ahead for both its network, and the wider blockchain ecosystem.
EOS Growing With Blockchain
EOS is part of a global movement to free movement of data. While many people pay attention to price, the real power of decentralized blockchain technology is found in making data work for everyone.
Bitcoin is likely the most successful proof-of-concept in human history, but the network is severely limited in many ways. EOS sees how to move data sharing forward, and make the base-layer blockchain efficient and reliable.
With a high-speed blockchain, novel data use across industries can thrive. The EOS Network Foundation is pushing blockchain forward with Leap 5 and Leap 6. As more devs see the value in these advancements, EOS is primed to grow with the blockchain sector as a whole.