Alluxio is an open source memory-speed virtual distributed storage system. It enables applications to access data closer to the CPU and improves performance by serving data from memory and burst buffer before spilling to persistent storage. The document outlines key updates and improvements in Alluxio versions 1.0 and 1.1, including new integrations with storage systems, usability enhancements, and significant performance optimizations that increase throughput for file creation, listing directories, and scalability of the Alluxio master and workers. Benchmark results show up to 23x faster file creation throughput and 7x faster directory listing throughput compared to prior versions.