EOS Network Foundation Announces Spring 1.0 Upgrade on September 4th
CryptoNewsTerminal Staff10 Jul, 2024
EOS Network Foundation Announces Spring 1.0 Upgrade on September 4th
The EOS Network Foundation (ENF) has announced that it will be implementing the Spring 1.0 upgrade on September 4th, 2023 (PST). Spring 1.0 will introduce EOS's new consensus algorithm, Savanna, which aims to improve the network's speed and efficiency. The mainnet hard fork is scheduled for September 25th following the upgrade. This announcement comes shortly after EOS launched its staking feature on August 8th. The staking feature allows EOS holders to earn rewards for staking their tokens and helping to secure the network. The Spring 1.0 upgrade is a significant milestone for the EOS Network. It is expected to improve the network's performance and scalability, and it will help to pave the way for the adoption of EOS by more users and businesses.
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