Vitalik Buterin, the creator of Ethereum (ETH), praised the EOS blockchain in response to a question from a member of the Ethereum staff. Buterin’s answer implies that he thinks EOS is a superior blockchain to Ethereum.
Vitalik’s statement that EOS is Ethereum on steroids drew attention from
Yves La Rose, the CEO of the EOS Foundation. He went on to provide some clarifications regarding the EOS blockchain.
The EOS blockchain is a high-performance blockchain that can process more than 100 million transactions every day. The network’s main problem in the past, according to the founder, has been bad leadership.
La Rose anticipates that the network will finally be on the path to growth now that EOS has solved the leadership problem. The network, he added, is a “Ethereum enabler” rather than a “Ethereum killer.” This suggests partnerships between the two networks as well as growth possibilities for EOS.
EOS peaked in 2018 at £12.9, but owing to bad management, it was unable to surpass its record highs during the bull market of 2021. The token was priced at £0.77 at the time of writing and was ranked #52 on Coingecko.
The token has made some progress since its most recent drop, during which it hit a new record low of £0.67 on June 18. However, its improvement pales in comparison to the decline it has gone through since 2018.
EOS has probably received enough attention as a result of Vitalik Buterin’s favourable remarks to catch investors’ attention. A significant increase in its social dominance was seen on June 27, hours after the Ethereum founder’s remark.
While publicity has its place, EOS is not leaving important bases uncovered as evident from the increased development activity,
Over the past 30 days, EOS has continued to see high NFT trade volumes. This shows that despite historically bearish price action and difficulties, the network has maintained activity levels.