The EOS blockchain has turned 5 years old, although it has gone through a bumpy journey. EOS Network Foundation believes the community’s resilience and support has helped the project survive.
EOS Network’s Journey and Troubled Early Years
EOS launched in 2018 after raising over $4 billion in the largest ICO at the time. However, it soon faced:
- Fines from the SEC
- Allegations of wash trading during the ICO
- Exodus of developers
This led the community to form the EOS Network Foundation (ENF) and take control from Block.one.
Progress Since ENF Took Over
Since ENF took over, EOS has:
- Launched an Ethereum Virtual Machine mainnet for interoperability
- Received a $60 million investment to accelerate growth
- Pledged $20 million fund for DeFi and GameFi project developers
- Partnered with industry leaders like Binance and Messari
The Road Ahead
La Rose believes the formative years have taught EOS a lot and that the project is just getting started, thanks to the support and resilience of its community. EOS currently ranks in the top 50 cryptocurrencies by market cap.
The post EOS at 5 Years: The Trials and Triumphs of an Embattled Blockchain appeared first on YourCryptoLibrary.
Wil je op de hoogte blijven van het laatste nieuws? Abonneer je dan op onze push-berichten op Telegram of Twitter.
Heb je vragen of wil je in contact komen met andere crypto fanaten join dan onze Telegram chat!