EOS Price Jumps on News of EOSIO 1.0 Release, $50 mln Fund to Support 'Ecosystem'

One has released version 1.0 of their open-source blockchain protocol, EOSIO, according to an official blog post published today, June 2.

The software is a platform designed for building applications at both the enterprise and "Community-driven" levels.

One does not guarantee that the EOSIO software will perform "As intended" or "Will be free of errors, bugs or faulty code," claiming that developers implement EOSIO at they own risk.

One also announced today that they had partnered with blockchain investment firm SVK Crypto to launch a $50 mln fund to support the development of the EOSIO "Ecosystem".

One's EOS had completed its year-long token crowdsale, raising a total of $4 bln, making the project the largest Initial Coin Offering to date.

Earlier this week, leading Chinese Internet security firm Qihoo 360 detected a number of high-risk security vulnerabilities on the EOS blockchain that would enable remote attacks on all EOS nodes.

The vulnerabilities were reportedly fixed on the same day they were reported.

The altcoin, currently fifth largest by market capitilization, is up almost 27 percent on the day, trading at $15.35.