The EOS Network will make way for Vault, a project that promises to position itself as a bench pillar in the web era, leaving its original name behind.
The initiative was announced by the foundation behind the network As part of a strategy to activate the ecosystem And it constantly evolves and attracts the attention of the market.
As explained, this Transitions retain existing technology infrastructure, including intelligent contract architecturesthe capacity of connections between a distributed database and a blockchain.
Despite this possibility, the cryptographically active network of the network is struggling to maintain its brightness on the first day. In April 2018, the cryptocurrency reached a historic maximum of $22. However, today it is 97% below that number..
However, the announcement of Vaulty appears to have injected a new impulse. In the last 24 hours, EOS prices rose 15% from $0.49 to a peak of $0.64then stabilizes at $0.56.
Commitment to Webbank
The foundation’s statement shows that it is “after years of laying the foundation between racks that began as the EOS network is trying to redefine the banking industry.”
This new proposal He focuses on becoming a financial ecosystem that combines security, scalability and inclusion.he says, taking advantage of the growing global interest in cryptocurrencies and the demand for disruptive financial products.
To achieve this, the team plans to integrate the platform with EXSAT. As part of Web 3 Bank Vision, a digital banking solution focused on Bitcoin.
Additionally, the transition will include nervously scheduled token exchanges by the end of May. If the proposal is approvedEOS owners can exchange assets for new token vaults. Details about the token Valuta ticker will be revealed later. Exchanges will be two-way for four months, allowing you to exchange tokens without any problems at a 1:1 rate.
“Web3 is evolving. What started as an emerging industry has flourished and become a complex ecosystem,” the statement says. Emphasizing the intention to link traditional finances with digital assets Decentralization.
It’s important to emphasize that The network doesn’t offer anything else that others don’t offer, such as Bitcoin, Ethereum, Solana… (Cross -border Payments, Tokenization, etc.). Name renaming and rebranding strategies appear to respond to marketing attempts rather than real innovation, with the aim of revitalizing platforms that have been unrelated in recent years. At Vaulta, they either try to distinguish themselves in a competitive market or ask that it is nothing more than an effort to restore lost terrain.
New perspective: Real-world assets and regulations
The rebranding arrives at a key moment in the cryptocurrency sector. Vaulta is betting on Real World Assets (RWA).
As explained in Cryptopedia, the education section of Cryptootics is a booming niche. They seek specific elements of tokens, such as real estate assets and raw materials, and intangible assets such as bonds and copyrights.. This approach addresses the growing interest in protocols seeking to attract institutional stakeholders to a decentralized financial space.
At the same time, the project is consistent with a regulatory environment that begins to shape. The European Union entered into force on December 30th, providing a clearer framework for digital assets.
A leading advisory committee
To support your vision, Vaulta has established the Banking Advisory Committee, a group consisting of leaders from the Banks, Fintech and Web Glasses emojiweb3 sectors.
The team will work on integrating traditional finances with new technology. This is a challenge that seeks to change users and their digital asset management experience, according to the foundation.
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