In a recent tweet, Vitalik Buterin praised EOS calling it “Ethereum On Steroids”.
He said the naming reflects the lessons the core team learned from “the naivety and amateurish idealism of Ethereum” to deliver a platform with superior scalability and speed.
EOS is Ethereum on steroids.
The name reflects that the core team learned from the naivety and amateurish idealism of Ethereum and built a team of high-level professional software developers who created a smart contract platform with scalability. and much higher speed.
— vitalik.eth (@VitalikButerin) June 27, 2022
Given the bizarre nature of the tweet, particularly the criticism leveled at the way ETH developers conducted their business, the internet is split on whether Buterin was being sarcastic.
EOS plans a comeback
Some say EOS has been a victim of its own success. Its one-year initial coin offering (ICO), which ended in June 2018, raised a record $4.1 billion and remains today the highest ICO raise in the world. story.
With that, expectations were high, but a series of disasters, including claims of falsely overstated speed, the highly centralized Delegated Proof-of-Stake (DPoS) mechanism, and the resignation of CTO Dan Larimer, discouraged investors. .
Currently, EOS is down 96% from its all-time high of $22.71, reached in April 2018. Back then, EOS was one of the top 5 tokens competing with Ethereum and Cardano.
CEO of EOS Yves LaRose acknowledged the difficulties in a recent tweet. But that changed with reference to a return and emergence of “The New EOS”.
The #EOS community has been through a lot, but they have shown great resilience.
Other than Bitcoin, has any blockchain proven to be as resilient as $EOS?
After the comeback, everyone will be talking about the new $EOS… and more than just a casualty @hosseeb https://t.co/1gMWOm28Bh
— Yves La Rose (@BigBeardSamurai) June 24, 2022
EOS has several projects in development, including the Recovery+ initiative, which refers to a formalized hack response process for a safer and more reliable network, the launch of Pomelo Season 3 NFTand the deployment of Co2Zero DEX carbon exchange.
However, it remains to be seen if La Rose and the EOS developers can reignite interest in the project.
Was the Ethereum co-founder joking?
In response to Buterin’s tweet on “Ethereum On Speed”, Input Output CEO Charles Hoskinson answered by asking him if he was alright.
W, are you okay? https://t.co/vbW9gNjcHo
—Charles Hoskinson (@IOHK_Charles) June 27, 2022
Crypto YouTuber Jungle Inc. chimed in by saying Buterin’s behavior has been “odd lately,” before ending the post by expressing his confusion over the tweet.
Vitalik has been acting very strange lately. I don’t know what’s going on with that.
— Jungle Inc 💥Steady Lads💥 #MMG (@jungleincxrp) June 27, 2022
In a June 24 message, @songadayman commented on Buterin’s utopian goals for society and said his critiques “of what eth has become” are lost on most people.
The fact that Vitalik is just as critical of what eth has become as most crypto critics is lost on most crypto critics. https://t.co/T72o76sYKB
—Jonathan Mann (@songadaymann) June 24, 2022
Buterine previously commented on a desire to bring the world closer to “Yudkowski’s dath ilan”, a fictional parallel Earth in which the wealthy donate money to support “public goods”, rather than spending it on “shit to zero sum”.
In response to @songadaymann, Buterine gave insight into his thinking saying his criticisms of crypto come as he expects more from the industry.
At least with crypto, we have *some* building blocks to protect our autonomy and try to build institutions independent of the state.
And non-crypto billionaires are also wasting huge amounts of money on yachts. I criticize crypto because I hold it to a higher standard.
— vitalik.eth (@VitalikButerin) June 24, 2022
You could say that he also expects more from Ethereum.