EOS made a new start and announced that it will re -brand it under the name of “Vaulta .. This development causes a rapid increase in the price of the EOS Token, while investors are curiously following the future of the network.

EOS gained 36 percent value

The EOS is going to restructure as Vaulta to focus on web 3.0 banking and to meet the increasing demand for innovative financial products. This change attracted the attention of traders, increasing the EOS price by 36 %and Token rose to $ 0.67 in a short time.

However, despite this sudden rise, the EOS value is 180 %lower than $ 22.89, the highest level of all time. This reveals the technical and administrative difficulties experienced since the beginning of the network. The transformation process of the EOS to Vaulta is planned to be completed at the end of May 2025 and the existing EOS tokens can be replaced with Vaulta Tokens at a ratio of 1: 1.

Vaulta: Transition to Web 3.0 banking

Vaulta will present a new infrastructure defined as Web 3.0 Banking Operating System (OS). This system aims to provide financial solutions such as Fractional Ownership), Staging, Custody and Bitcoin return strategies.

However, Vaulta will be built on existing EOS technology, but will contain some important upgrades that will increase cross -block chain compatibility. One of the most remarkable features will be the “EXSAT” technology to improve Bitcoin smart contracts. In addition, the system will have technical advantages such as one -second transaction accuracy, C ++ and Ethereum Virtual Machine (EVM) compatibility.

EOS’s history and transition to the new era

In 2018, the EOS was released in order to compete with Ethereum and made a record of $ 4.1 billion at that time. However, the network faced various management problems over time. In 2019, the US Securities and Stock Exchange Commission (SEC) filed a lawsuit against EOS’s developer Block.one on the grounds that it was unregistered. The company closed this case by paying a penalty of 24 million dollars, but this process became one of the factors that shook EOS’s market confidence.

In addition, the network was faced with congestion problems and central governance criticisms. The “mutual voting” practices between the users reduced the trust in the management model of the network and EOS’s market value has decreased. Together with Vaulta, EOS’s entry into a new era aims to leave its old problems behind by offering web 3.0 finance solutions.