The EOS Network has been officially rebranded as Vaulta, marking a strategic shift towards Web3 banking.
Why EOS is Becoming Vaulta
Launched with a groundbreaking ICO in 2018, EOS faced governance challenges and lost market relevance. The rebrand to Vaulta is more than just a name change; it's a decisive move towards building an open financial future based on Web3 banking. The new network retains the EOS architecture's key features, such as C++ smart contracts, on-chain RAM database, and multi-chain interoperability.
A Banking Advisory Council to Bridge DeFi & TradFi
Vaulta is establishing a Banking Advisory Council that brings together top banking and blockchain industry experts. Their collaboration will focus on tackling regulatory challenges and developing financial innovations. Key council members include Lawrence Truong, Didier Lavalle, Alexander Nelson, and Jonathan Rizzo.
The Token Transition: EOS to Vaulta
A significant component of the transition is the EOS token swap to Vaulta Token, expected to begin in May 2025. The new token will be available on over 140 exchanges and integrated into Vaulta’s financial services ecosystem. Details about the ticker symbol and technical specifications will be released closer to the transition date.
The transformation of EOS into Vaulta marks a new phase in the network's development, emphasizing Web3 banking and enhancing financial capabilities, aiming to reclaim its significance in the blockchain industry.
