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The EOS cryptocurrency, which has mostly disappointed since the initial coin offering (it managed to raise $ 4 billion in 2018), has received a new impetus thanks to the upcoming technological changes.
The EOS rate for the week increased by almost 30%, which was the best result among assets with a market capitalization of at least $ 1 billion, which are tracked by Messari. Now EOS is trading around $1.8.
The EOS Network Foundation has announced that Antelope will be the foundational protocol for EOSIO-based blockchains. Antelope is a community-managed blockchain protocol that has received support from members of the EOS Network Foundation including EOS, UX Network, Telos, and Wax.
The hard fork of the EOSIO blockchain code is scheduled for September 21. That’s when the official transition to the Antelope protocol will take place.
The EOS Network Foundation has decided to sue Block.one, which originally developed the EOS network, due to abuse of trust (last year it stopped providing support for the development of EOISO, putting the blockchain at risk).
At the end of last year, the EOS Network Foundation began creating initiatives to research the coordination of blockchains based on EOSIO, as well as to protect and develop the code base.
Over the past 30 days, the EOS rate has risen by more than 40%, although it is still significantly below its all-time high of $ 14 reached a year ago.
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