It’s August 22nd, and the general crypto market seems to be on a downward spiral. While other cryptocurrencies are down, EOS is up by 13% for the day and 34% for the week. Undoubtedly, the Mandel Hard fork coming up in the next few weeks has stirred the surge of the crypto asset. With a current value of $1.7, EOS becomes the only top hundred token showing bullish strength.
About five days ago, the CEO of the EOS network foundation, Yves La Rose, also announced the release of Antelope by the protocol. Antelope is a new product that would replace EOSIO. The EOS foundation believes in a new leap for the ecosystem, and that explains the adoption of the name Antelope.
Antelope will be used to build some of the next-generation web3 products and services. The framework has a community-run codebase behind some of the fastest and most secure blockchain protocols.
Yves La Rose further described Antelope as the best thing that has happened to EOS, WAX, TLOS, and UTX. Thus, the network will now be able to control its destiny.
EOS was once one of the most famous blockchain protocols, always finding a spot among the top ten crypto assets in the past. However, with excessive competition in the crypto space, the blockchain network quickly fell off the pecking order.
Further, the EOS blockchain has been accused of having a terrible board, although this issue has been fixed in the last few months.
EOS had an outstanding vision in its roadmap from the onset. Sadly though, the protocol has been unable to achieve most of its goals. With the upcoming Mandel hard fork, though, the network is set for a complete revamp.
Yves La Rose believes the EOS blockchain would be able to process over 100 million transactions daily, as assumed theoretically.
