- The Community Basis (ENF) has introduced that the venture has been renamed Antelope, forming a coalition with Telos, Wax, and UX Community.
- The ENF additionally introduced that Leap v3.1 would be the node software program that implements the Antelope protocol.
- Going ahead, Antelope will construct a community that helps inter-blockchain communication between all 4 blockchains.
- The information of the rebrand sparked a serious rally that noticed EOS grow to be one of the best performing crypto, gaining 28% in a bearish market.
The EOS Community is an open-source blockchain platform that prioritizes excessive efficiency, flexibility, safety, and developer expertise. As a third era Layer 1 blockchain, EOS leads the pack in excessive efficiency and low latency.
EOS was one of the crucial hyped crypto tasks when it launched. At launch, Block.one, its then guardian firm, raised a report $4 billion in its preliminary coin providing (ICO) on the top of the ICO craze in 2017.
Nonetheless, the hype fizzled out resulting from inner issues with its builders, Block.one. EOS is now on its approach to a comeback, collaborating with three different tasks and rebranding as Antelope.
Social Media: Web site | Weblog | Discord | Twitter (NYSE:) | Antelope | Github | Weblog | Telegram | Twitter
In mid-2021, Block.one ceased supporting EOS.io growth. Nonetheless, neighborhood members discharged Block.one and took management of the venture. Sadly, the venture has seen little progress ever since.
To reclaim its prime place within the crypto house, Yves La Rose, the CEO of the EOS Community Basis (ENF), on August 15, introduced that it had put collectively a bunch of gifted builders “EOSIO dream crew,” to deal with the EOS codes.
On August 17, the ENF introduced that it’s collaborating with Telos, Wax, and UX Community to mix its sources right into a coalition of blockchains with a shared codebase. The ENF referred to as the coalition Antelope.
In response to the ENF, though the members serve distinctive markets, they are going to be associated by a typical framework, Antelope. The ENF additionally introduced that Leap v3.1 would be the node software program that implements the Antelope protocol.
Antelope is an open framework for constructing next-generation Web3 services. The coalition goals to hold the torch of open-source growth for the entire ecosystem.
The information of the rebrand induced EOS, the native token of the EOSIO ecosystem, to rally in a bearish crypto market, changing into the highest performer within the final week with positive aspects of 28.2%.
The 7 days worth chart for EOS (EOS). Supply: CoinMarketCap
The rally helped EOS hit a three-month excessive at a worth of $1.89 earlier than retracing to its present worth of $1.67. Regardless of retracing, EOS continues to be the second best-performing crypto over the past month, with its positive aspects of 48.5%.
The 30 days worth chart for EOS (EOS). Supply: CoinMarketCap
EOS is now ranked because the thirty third largest cryptocurrency, with a market capitalization of $1.7 billion.
Yves La Rose introduced that the onerous fork that may start the rebranding course of for EOS is scheduled to launch in September.
Earlier than the launch, La Rose stated that the EOSIO dream crew was engaged on fixing excellent points and including new performance to the EOS codes. The neighborhood ought to anticipate EVM compatibility and sooner finality time on the EOS chain earlier than the onerous fork arrives.
Future developments will see Antelope launch trustless inter-blockchain communication between all Antelope-based blockchains, a sturdy suite of Safe Sensible Contract Libraries, SDKs, and P2P Code Enhancements, amongst different promised improvements.
In response to the Antelope highway map, the inter-blockchain communication is scheduled to launch in This autumn of 2022. Nonetheless, in Q3, customers ought to anticipate the EVM launch, an EVM product suite, a yield portal, and a scalability blue paper.
On the Flipside
- A United States district court docket has rejected a $27.5 million settlement high quality within the Block.one ICO case.
- The case was supposed to resolve buyers’ allegations that Block.one bought unregistered securities within the 2017 ICO of EOS.
EOS belongs to a handful of crypto tasks that may be stated to be owned by the neighborhood. The coalition, Antelope, goals to be essentially the most user-friendly, steady and safe protocol for constructing new chains which might be infinitely versatile and always upgradeable.
The coalition, specifically, has reinvigorated the assumption of neighborhood members in the way forward for the venture. Reacting to the information, crypto strategist @Trim_Bot wrote;
Increasingly more persons are beginning to understand the $EOS comeback is imminent…#TheNewEOS https://t.co/rZe9nQP6qj
— TrimBot (@Trim_Bot) August 21, 2022
One other consumer, Chuck MacDonald, writes concerning the upcoming improve;
$EOS has essentially the most thrilling roadmap in all of crypto. It was fully passed-over by the bull of the final 2 years, and now it is time. #TheNewEOS is unstoppable.All the nice #opensource work that has occurred on different chains will discover an final house on #EOS. pic.twitter.com/YfFYoDbeco
— Chuck MacDonald (@IgnoreRonPaul) August 16, 2022
Asserting its help for the brand new EOS, 4BillionDAO wrote;
So enthusiastic about this milestone that $EOS has achieved. #TheNewEOS has lower all ties with @B1. 4Billion Dao will deliver all our energies to battle towards @B1 and get a refund to the EOS. Go to 4Billion Dao official web site and be a part of our neighborhood.https://t.co/nyKSDjDQxf https://t.co/THa2gV5iFx
— 4BillionDAO (@4BillionDAO) August 17, 2022
Why You Ought to Care
Since its launch, EOS confirmed the potential of a prime cryptocurrency venture. Transferring previous its ties with Block.one and collaborating with different high-performance tasks, EOS is gunning for the place it as soon as held as a number one venture within the house. The respective expertise of the 4 members of the coalition could also be sufficient to push Antelope into the highlight.