- EOS achieves more than 100 million transactions a day
- EOS EVM is the fastest EVM on the market with 950 swaps per second
- Its community forked the old EOSIO codebase to create Antelope Protocol
EOS Network Foundation (ENF), lead developer of the EOS Network blockchain, is celebrating a monumental milestone. Today marks the fifth-year anniversary of the launch of the EOS Network and an impressive 1,800+ consecutive days of uptime, Bankless Times learned from a press release.
More than 100M transactions a day
With the launch of the EOS Ethereum Virtual Machine, EOS has been able to achieve a breathtaking performance of more than 100 million transactions per day.
The EOS EVM clocks in at an industry leading 950 Swaps Per Second, making it the fastest EVM on the market and the go-to network for high performance, throughput and reliable uptime.It enables full interoperability with Ethereum, the blockchain’s largest and most thriving ecosystem.
Community empowerment
EOS’s progress hit a stumbling block as the community waited more than two years for its original developer Block.one to fulfill its promises of meaningful investment. Various attempts to gaslight the community led to multiple initiatives that were either never attempted or quickly paused. During that time, EOS ecosystem builders were strung along, given false hope of being funded.
ENF takes control
After a period of misguided hope and optimism, the EOS community finally lost patience with Block.one. Its desire for change, leadership and action resulted in the birth of the EOS Network Foundation (ENF) under the leadership of founder and CEO Yves La Rose in August 2021. The ENF quickly took control of the project and promptly invested millions in grants, a new crowdfunding platform and the creation of working groups to set a roadmap for future development.
Those roadmaps were finalized with the publication of a series of “Blue Papers” that set out a new vision for the future of EOS. Multiple changes have occurred since, including a wide range of ecosystem funding opportunities and upgrades to the core network.
One of the most important funding mechanisms was Pomelo, a crowdfunding platform that uses quadratic voting to empower the EOS community to fund their favorite projects.
Old codebase forked to create community protocol
Development of the EOS Network accelerated rapidly, with the community forking the old EOSIO codebase to create the Antelope Protocol it owns and maintains. With Antelope, the future of EOS was placed firmly in the hands of the ENF and its community.
Yves La Rose commented:
We have endured much uncertainty standing against corporate greed in defense of our network. Today, we have emerged as champions for the ethos of free and open-source software, forging a path to boundless innovation, not just for ourselves, but for the entire Web3 space.
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