In an exciting update, the EOS Foundation has recently launched a major upgrade bringing innovative developments and solutions to its network ecosystem.
The upgrade today coincided with a market recovery that saw the price increase of Bitcoin and some altcoins next to it. The theme of the upgrade had a positive ring to it, with the intention of delivering speed, scalability and reliability to the EOS blockchain network.
EOS Network launches upgrade to Antelope Leap V4.0.0
The Antelope Leap v4.0.0 update is an open-source software that allows anyone to seamlessly operate any node on the EOS blockchain network.
To be clear, a node is a computer system that executes a blockchain consensus model by validating incoming user transactions and storing the data in a distributed network ledger.
Node operators use these computer systems to validate network transactions while securing a blockchain network. They earn token rewards for their contributions to the validity and integrity of blockchain ecosystems.
Related reading: Bitcoin price signals fresh rise, but $29,000 is key to more gains
That said, the EOS Antelope Leap v4.0.0 upgrade was launched to optimize node performance, making it easy for anyone to perform node operations without any hassle.
Solutions the upgrade brings to node operators include multi-threading features to improve node performance, reduced node latency, faster block propagation, and greater visibility and control.
The Leap v4.0.0 upgrade is a major milestone and achievement for the EOS blockchain ecosystem.
Node operators have been advised to use their nodes to the latest Leap version for ease of use and compatibility with other network infrastructure.
Will Price respond
The price of the EOS token was slow to respond despite the launch of the Leap v4.0.0 upgrade and the recent market rally, with Bitcoin regaining the $29,000 price region.
At the time of writing, the third-generation blockchain token is trading at $1.07, according to data from Coinmarketcap. This is only a slight increase from the 24-hour low of $1.02.
While BTC made more than $1600 from its 24-hour price move, EOS is still notably yet to move compared to some altcoinslargely benefiting from the BTC rally.
Related Reading: Bitcoin Market at Decision Point: aSOPR Retests Crucial Level
Bitcoin is on its way to test its $29,200 resistance. If it does not break, a retracement could occur, negatively impacting the price of EOS and other cryptocurrencies traded in the markets.
However, on the time frame of the EOS monthly chart, the token is seen trading at base levels and midway close to its all-time lows, which may indicate near bottom levels before a reversal.
There is room for the token’s upside to profit from as current market sentiment turns positive due to BTC’s recent price movement.
EOS token shows signs of price recovery after major upgrade | Source: EOSUSD on TradingView.com
Featured image of Istock, chart from TradingView.com
