EOS transforms into "web3 bank" and is renamed Vaulta, plans to launch new token
According to The Block, the public chain EOS will be renamed Vaulta and transformed into a "web3 bank". If the proposal is approved, EOS tokens will start to be exchanged for new vaulta tokens from May.
Vaulta will build around the existing EOSIO software of blockchain and integrate with exSat, which is a so-called "docking layer" that can introduce smart contracts into Bitcoin. This cross-chain system will have 1-second transaction finality and support C++ and EVM compatible smart contracts. Vaulta's "web3 banking operating system" will provide a set of institutional-level financial services through cooperation with projects including Ceffu, Spirit Blockchain, and Blockchain Insurance. The Vaulta Bank Advisory Board consists of experts in finance and blockchain industries; members will come from Systemic Trust, Tetra, and ATB Financial.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Anthropic "accidentally" leaks IPO documents! Plans to raise $69.3 billion, valuation drops from 2 trillion to 1.3 trillion
Anthropic mistakenly published and then withdrew a prospectus for a planned $69.3 billion fundraising, with its valuation dropping from a peak of $2 trillion to between $1.1 trillion and $1.3 trillion.
Subaru Publishes Transcript of First-Half FYE 2027 Financial Results Presentation
Citi: Occidental Petroleum (OXY.US) Q3 cash flow surpasses expectations, accelerated debt repayment cannot hide concerns over Q4 output
Citi published a research report maintaining Occidental Petroleum's "Neutral" rating, with a target price of $65.
WikiLeaks Founder Julian Assange Welcomes Daughter With Terminator Quote
Crypto prices
More
