EOS Pumps Following EOSIO 1.0 Release, $50 Million Fund Announcement

Block.one has officially released EOSIO 1.0. Additionally, the publisher has partnered with SVK Crypto to launch a $50 million fund aimed at assisting projects being developed on the EOSIO platform. 

EOSIO is Here

At long last, Block.one — an open source software publisher specializing in high-performance blockchain technologies — has released version 1.0 of its open source EOSIO blockchain software. The platform purportedly affords businesses the ability to quickly and efficiently construct and deploy “high-performance and high-security blockchain-based applications.”

The core features of EOSIO 1.0’s design, as noted by Block.one, include:

• Free Rate Limited Transactions
• Low Latency Block confirmation (0.5 seconds)
• Low-overhead Byzantine Fault Tolerant Finality
• Optional high-overhead, low-latency BFT finality
• Smart contract platform powered by Web Assembly
• Designed for Sparse Header Light Client Validation
• Scheduled Recurring Transactions
• Time Delay Security
• Hierarchical Role Based Permissions
• Support for Biometric Hardware Secured Keys (e.g. Apple Secure Enclave)
• Parallel Execution of Context Free Validation Logic
• Inter Blockchain Communication

At the time of this writing, EOS is trading at $14.10, up 16.02 percent over the last 24 hours — with much of those gains taking place over the span of one hour.

Plowing Ahead

EOSIO’s publisher has also partnered with London-based SVK Crypto, a community-driven investment firm focused on cryptocurrencies and blockchain technologies, in an effort to launch a brand new $50 million fund.

The goal of the fund is to “accelerate the growth and development of the EOSIO blockchain ecosystem” by injecting funds into “projects that are building on the EOSIO blockchain platform, with a focus on decentralized applications (DAPPs) for social media, data ownership, data control, technology platforms, supply chains and logistics.”

SVK Crypto’s co-founder, Hugh Cochrane, stated:

Block.one has created the world’s most powerful infrastructure for decentralized applications and is the most forward-thinking company driving growth in the blockchain space. SVK Crypto is thrilled to partner with Block.one to establish a fund that enables developers to thrive. We look forward to helping to produce innovative game-changing DAPPs in the coming months and years.

Block.one CEO Brendan Blumer also noted his excitement, stating:

Working with a market-leader such as SVK Crypto is a positive step as we grow the impact and footprint of the EOSIO developer ecosystem. This fund further strengthens our top-notch roster of VC partners focused on identifying and fostering projects that are building a decentralized, open future.

Block.one’s Brian Mehler added:

We aspire for our funds to be global leaders in blockchain venture investing. The teams at SVK Crypto and Block.one bring together broad leadership in the VC and funds space with blockchain expertise and exceptional go-to-market drive. This fund gives blockchain entrepreneurs and innovators reason to be excited about developing on EOSIO.

What are your thoughts on the launch of EOSIO and Block.one’s partnership with SVK Crypto? Let us know in the comments below! 

Images courtesy of Shutterstock, CoinMarketCap.com.