In a recent tweet, Vitalik Buterin praised EOS calling it “Ethereum On Steroids.”
He said the naming reflects the lessons the core team learned from “Ethereum’s amateurish naivety and idealism” to deliver a platform with superior scalability and speed.
EOS is Ethereum On Steroids.
The name reflects the fact that the core team learned from Ethereum’s amateurish naivety and idealism, and built out a team of professional top-talent software developers that created a smart contract platform with much higher scalability and speed.
— vitalik.eth (@VitalikButerin) June 27, 2022
Given the odd nature of the tweet, particularly the criticism leveled at how ETH devs have gone about their business, the internet is divided on whether Buterin was being sarcastic.
EOS is planning a comeback
Some say EOS was a victim of its success. Its year-long Initial Coin Offering (ICO), which ended in June 2018, raised a record $4.1 billion and still stands today as the highest ICO raise in history.
With that, expectations were high, but a series of disasters, including claims of falsely overstated speed, the Delegated Proof-of-Stake (DPoS) mechanism being highly centralized, and the resignation of CTO Dan Larimer, turned investors off.
Currently, EOS is down 96% from its all-time high of $22.71, achieved in April 2018. Back then, EOS was a top 5 token competing with the likes of Ethereum and Cardano.
EOS CEO Yves La Rose acknowledged the difficulties in a recent tweet. But turned this around by referring to a comeback and the emergence of “The New EOS.”
The #EOS community has been through a lot, but they’ve shown great resiliency.
Other than Bitcoin, has any blockchain shown itself to be as resilient as $EOS?
After we pull off the comeback, everyone will be talking about The New $EOS…and as more than just a victim @hosseeb https://t.co/1gMWOm28Bh
— Yves La Rose (@BigBeardSamurai) June 24, 2022
EOS has several projects in development, including the Recovery+ initiative, which refers…
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