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EOS managed to raise $4.2 billion in its year-long ICO back in 2018. Despite a very hyped start, the project had a rather bumpy ride. After edging close to dissolution, EOS has finally declared “independence.”
According to the press release shared with CryptoPotato, EOS block producers have executed a coordinated hard fork to Leap 3.1. EOS is finally migrating to the newly forged Antelope Framework.
This essentially means that an individual running a node will have upgraded them to continue syncing with the network. This is EOS’ second hard fork and seeks to activate new features that are not backward compatible with previous code versions.
Liberating EOSIO Codebase
Leap 3.1 is the C++ implementation of the new Antelope protocol, which comes with several new features such as transaction lifecycle improvements, upgraded crypto primitives that power EVM-related cryptography functions, and block and SHiP pruning.
For the uninitiated, Antelope is a community-run blockchain protocol supported by members of the EOS Network Foundation (ENF), which include EOS, Telos, Wax, and UX Network. The hard fork of the code of the EOSIO blockchain signals the official switch over to Antelope.
It uses an evolved version of the Proof-of-Stake (PoS) consensus mechanism called – Delegated Proof-of-stake (DPoS), wherein network users vote and elect delegates (referred to as block producers) to validate the next block. The devs use this protocol for various apps, including DeFi, NFT, games, supply chain, etc.
The announcement also revealed the “liberation” of EOS code with a community takeover to facilitate an “open future built on open-source foundations.”
Following the development, Yves La Rose, CEO, EOS Network Foundation, commented,
“Today is the hard-won culmination of our efforts to secure independence for the EOS blockchain. Thanks to the EOS Block Producers—through their trust, support, and their technical prowess, the ENF has been able to proceed unhindered in our mission to deliver value to the EOS Network.”
Centralization Concerns
EOS, the native crypto token, was once among the top 10 assets by market cap. However, the lack of EOSIO development over the years put the blockchain ecosystem in jeopardy. The initial creators of EOS, including Block.one, as well as the ICO backers, were blamed for most of the issues.
The EOS Network Foundation (ENF) was soon formed to get rid of Block.one and revive EOS. As part of its roadmap, the ENF disclosed plans earlier to onboard new talents and build new projects for the EOS ecosystem. The organization was formed by the community and is community-owned.
The post EOS Officially Adopts Community-Led Leap 3.1 Codebase After Hard Fork appeared first on CryptoPotato.

The milestone, however, failed to prompt any meaningful uptick in EOS's price which was trading at $1.30 at the time of writing.

cryptopotato.com

EOS Officially Adopts Community-Led Leap 3.1 Codebase After Hard Fork

If BTC bounces from its key underlying support, ADA, ATOM, FIL and EOS could break out. 

cointelegraph.com

A range-break from Bitcoin could trigger buying in ADA, ATOM, FIL and EOS this week

The EOS ecosystem is undergoing some significant changes. Ever since Block.One was ousted, and the community took the reins; everyone worked hard to take the project to a new level. EOSIO will rebrand into Antelope and finalize the move away from Block.One.
A Troublesome Relation With Block.One
There has been tremendous excitement regarding EOS and its future direction from day one. Block.One, the company behind EOSIO, indicated they had a plan to develop one of the first robust proof-of-stake blockchains. In an era where proof-of-work networks can cause harm to the climate, more efficient solutions are in high demand. Proof-of-stake can provide a suitable alternative without compromising network security.
Despite the enthusiasm surrounding EOSIO and its vision for this ecosystem, things never went according to plan. In fact, Block.One seemed to take a slow approach to development without committing too many resources to achieve goals. Of course, a slow and steady approach can be viable in any blockchain environment, but people have high expectations when teams make bold initial claims.
Unfortunately, that approach by Block.One created a cascading effect hampering the growth of EOSIO and the EOS network. There isn’t much other developers can do without proper infrastructure supporting new ideas and innovations. Ultimately, the community got fed up with the situation and took over control of the network. Moreover, the community effectively “fired” Block.One – still a multi-billion dollar corporation – and ousted them altogether. Legal action may still be taken against the company, though.
 

Holding bad actors accountable for their actions is a positive step forward for the crypto industry.
On behalf of the #EOS community, the @EOSNFoundation has been preparing legal action against @B1 
Review of all possible legal recourse to seek $4.1B in damages underway. https://t.co/f609tlqdyE
— Yves La Rose (@BigBeardSamurai) June 30, 2022

 
EOS Network Foundation CEO Yves La Rose recently commented on how this takeover occurred. In a Twitter post, he confirms how Block.One raised $4.1 billion, yet most of that money was never used to build the EOS ecosystem. Moreover, Block.One caused the user base to dwindle, continued to prevent more DApps from hitting the network, and saw key developers leave the network. Thankfully, all of that is now in the past, and EOS will enter a new era.
From EOSIO to Antelope
As the EOS network is now free from Block.One, a new problem arises: who will maintain and improve the code? A community takeover is always interesting, but someone needs to take charge. Moreover, the EOSIO IP was in the hands of a third party, which would pose another problem. The obvious solution is a hard fork and full rebrand to cast off the shackles of being associated with Block.One and EOSIO. The hard fork will go into effect on September 21, 2022.

Firing @B1 was necessary for $EOS to make a comeback, but it also posed a problem: who will handle the EOSIO code? Since @Bullish owns the EOSIO IP, how can the #EOS community move forward without it?
That is why we need to hardfork and rebrand!https://t.co/2K07NNV9uk
— Yves La Rose (@BigBeardSamurai) August 15, 2022

All of the code created to date is viable for all EOSIO chains, including EOS. Furthermore, through a coordinated effort by the EOS Network Foundation, all of these chains – which used to operate in siloed environments – have become a united front. That includes networks like Wax, Telos, UX Network, etc. The new coalition will yield cost savings, better distribution of human resources, and a growing quality talent pool.
Moreover, the unified effort will signify a rebrand from EOSIO to Antelope. Under the new banner, Antelope becomes the community-run blockchain protocol and signifies a crucial hard fork. It is worth noting Antelope will replace the placeholder brand “Mandel”, which was part of the EOS Network Foundation’s roadmap for several months. The overall plans and upgrades will still go ahead, but the Antelope brand will be the one used moving forward.
Under the hood, Antelope will be an open framework blockchain with Delegated proof-of-stake consensus rules. In addition, there is an Antelope Coalition that works hard on requesting proposals to improve EOS and build new applications. Furthermore, the new roadmap will offer some exciting developments that aim to restore EOS to its former glory.
A Solid Priority Line-Up
Antelope will bring many improvements to all networks built on the EOSIO framework. These primary points of focus stand out:

Faster Finality
Wallet SDKs
Compatibility with the Ethereum Virtual Machine (EVM)
Implementing the Inter-Blockchain Communication protocol (IBC) used by the Cosmos ecosystem and its internet of blockchains.
The addition of automated security auditing tools

All of these developments will bring a breath of fresh air to the EOS ecosystem and all networks under the Antelope Coalition banner. Moreover, now that the community has a bigger say in these matters, the ecosystem can embrace decentralization and open-source code once again. There is also the guidance of the EOS Network Foundation to steer this ship in the right direction.
 
 


The EOS ecosystem is undergoing some significant changes. Ever since Block.One was ousted, and the community took the reins; everyone worked hard to take the project to a new level. EOSIO will rebrand into Antelope and finalize the move away from Block.One. A Troublesome Relation With Block.One T...

bitcoinist.com

EOS Network Foundation CEO Yves La Rose Comments On Antelope Rebrand

Popular crypto strategist Michaël van de Poppe is naming two altcoins that he believes should be part of a trader’s watchlist.
The widely followed analyst tells his 623,200 Twitter followers that while smart contract platform EOS (EOS) has recently staged a strong rally, he’s still has his radar locked on blockchain scaling solution Polygon (MATIC) and Binance’s utility token BNB.

“Apparently, EOS is one of the strongest performers lately.
I think I’d focus on MATIC [and] BNB on trends, honestly. BNB is acting super strong and BTC pair keeps on running.
The moment that DXY shows weakness, these will most likely take off.”
DXY is an index tracks the value of the US dollar against a basket of other fiat currencies. According to Van de Poppe, the DXY looks bullish as long as it is above 108 points.
“All eyes are on the USD to break beneath 108 points again, as we’ve got a fake-out. Otherwise, trend contains and risk-on [assets] will have more pain.”
Source: Van de Poppe/Twitter
At time of writing, the DXY is trading at 108.74 points.
Looking at the TOTAL chart, which measures the collective market capitalization of all digital assets, Van de Poppe says that his bullish thesis remains intact despite the recent weakness in the crypto markets.
“The total market capitalization of  crypto is still on pace to create a higher low. Would maybe look at $900-$925 billion though, for confirmation. The scenario still stands.”
Source: Van de Poppe/Twitter
At time of writing, TOTAL is hovering above $1 trillion.
As for Bitcoin, Van de Poppe says he sees BTC going through one more corrective move in line with his predicted bullish higher low scenario for the TOTAL chart.
“It’s a deep correction on the markets, but crypto remains relatively stable. One more sweep of the lows isn’t unexpected, and I think we’re still relatively close to the low.”
At time of writing, BTC is valued at $21,366, flat on the day.
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The post Crypto Analyst Says Polygon (MATIC) and One More Large-Cap Altcoin Are the Ones To Watch Right Now appeared first on The Daily Hodl.


Popular crypto strategist Michaël van de Poppe is naming two altcoins that he believes should be part of a trader&#8217;s watchlist. The widely followed analyst tells his 623,200 Twitter followers that while smart contract platform EOS (EOS) has recently staged a strong rally, he&#8217;s still ha...

dailyhodl.com

Crypto Analyst Says Polygon (MATIC) and One More Large-Cap Altcoin Are the Ones To Watch Right Now

Bitcoin continues to consolidate around the $21,000 mark after dipping below that level on multiple occasions yesterday.
Most altcoins are well in the green on a daily scale, with EOS emerging as the most impressive gainer following a double-digit price surge.
Bitcoin at $21K
The primary cryptocurrency fell hard last week, dumping from a multi-month high of over $25,200 to a multi-week low of under $21,000. This all happened in less than seven days.
As such, when the weekend arrived, the asset had calmed and traded mostly in a range between $21,000 and $22,000. The start of the current week also lacked any firecrackers. Yesterday saw a few price dips below $21,000 but BTC managed to recover those losses rather immediately.
As of now, the cryptocurrency has jumped to above $21,000 and stands $500 north of it. Consequently, its market cap has managed to defend the $400 billion level. Its dominance over the altcoins has also taken a breather and sits just over 40%.
BTCUSD. Source: TradingView
EOS Steals the Show
The alternative coins retraced slightly yesterday, but most have turned green today.
Ethereum had lost over $500 at one point after last weekend’s surge above $2,050. Now, though, the second-largest crypto trades confidently above $1,600 after a 5.5% daily increase.
Binance Coin is just inches away from tapping $300 again following a minor price jump. Ripple, Cardano, Solana, Dogecoin, Shiba Inu, and Avalanche are also in the green now.
Polkadot, Polygon, and Avalanche have spiked by more than 5% in a day. However, EOS is the most substantial gainer from the mid-cap alts following a massive 21% surge. As a result, EOS trades close to $1.8.
ATOM is another impressive performer, with a 15% daily surge taking the asset to over $11.
Overall, the crypto market cap has remained above $1 trillion after adding $30 billion in a day.
Cryptocurrency Market Overview. Source: Quantify Crypto
The post Bitcoin Price Struggles at $21K, EOS Soars 20% (Market Watch) appeared first on CryptoPotato.

EOS has gained the most from the altcoins, followed by ATOM. Bitcoin currently stands above $21,000.

EOS price	$1.17
Low - High 24H	$1.16 - $1.22
Market cap	$1.18B
Volume 24H	$166.95M
All time high	$22.71 -94.87% April 29th 2018
All time low	$0.5024 131.93% October 23rd 2017
Genesis date	N/A

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