EOS Gets Forked

Market Meditations | August 24, 2022

The EOS blockchain hasn’t received much attention from the crypto community since its ICO in 2018, so a 28% price surge that led it to be the top gainer of the past week garnered further investigation into the often overlooked blockchain.

  • Last week the EOS Network Foundation (ENF) announced that Antelope will become the underlying protocol for EOSIO-based blockchains.
  • Antelope is a community-run protocol and will be supported by members of the ENF including EOS, Wax, Telos, and UX.
  • The hard-fork to Antelope will take place on September 21st and comes from necessity after the original designers of the network, Block.one, stopped supporting EOSIO development, jeopardizing the blockchain.
  • The ENF is pursuing legal action against Block.one but they also began their own initiatives to coordinate the EOSIO-based blockchains and the advanced codebase they share.
  • After abandoning EOS, Block.one has directed their focus on developing Bullish, an upcoming exchange and a social platform called Voice.

EOS has since fallen back to its’ previous price levels but even the 28% surge didn’t bring it near the all-time-high of $14.