NEWSLETTER
The EOS Network, a block chain that was launched in 2018 in the middle of the boom of the initial currency offer, has been renamed to vault and will focus on focusing on web banks.
Vaulting change is tentatively scheduled by the end of May and will include a new token and the establishment of an advisory group known as the Vaulting Banking Advisory Council to help with the new management of the company, the company saying In a statement of March 18.
In a separate statement, the company saying The token Eos (EOS) of the network will pass to the Vaulta token, which will be available in the almost 140 exchanges where EOS is already quoted through an exchange portal available in May. He added that the Ticker and the technical details of the Token will be revealed at a later date.
Fountain: <a target="_blank" data-ct-non-breakable="null" href="https://x.com/EOSNetworkFDN/status/1902097812814491743″ rel=”nofollow noopener” target=”_blank” text=”null” title=”https://x.com/EOSNetworkFDN/status/1902097812814491743″>Red Eos
Vaulta will also inherit the underlying infrastructure of EOS Network, including integration with the bitcoin digital banking solution, exsat, which complements the Vaulta Bankingos system, which offers a set of financial services through associations with CEFFU, Spirit Blockchain and Blockchain Insurance Inc.
The Network brand change is Vaulta marks an important correction of the course for the block chain, which was launched to a large fanfare in June 2018 from the back of a larger and larger year of $ 4.1 billion ICO led by the company behind the network, block.one.
After its launch, EOS was one of the 10 best market projects for several years. But its value has been constantly decline and is now within the top 100, sitting at 95, according It is Coingcko.
There is a variety of opinions about where Eos went wrong. Some who offered as volunteers to help develop the network say there was a lack of support and direction from block.
Related: Tracking the evolution of Blockchain, with EOS Network Foundation Exec.
Block. One made a $ 24 million settlement With the Bag and Securities Commission in September 2019, and some commentators argued that the firm's approach then changed the base technology of EOS to other projects, such as the social application converted into Voice of the market and the Crypt of Alcista exchange.
The CEO of GoodBlock, Douglas Horn, believes that EOS investors were deceived from the beginning, telling Cointelegraph magazine in 2023 that “Block. One made a deceptive ICO, whether it was planned from the beginning or not.”
Magazine: What happened to EOS? Community shots for an unlikely return
