HomeBlockchainVitalik Buterin: EOS is like Ethereum on steroids

Vitalik Buterin: EOS is like Ethereum on steroids

Astonishment has been sparked by a tweet from Ethereum’s founder who had words of praise for the EOS blockchain, calling it a much faster and more scalable project than Ethereum.

Buterin’s comment on the EOS blockchain and community responses

This tweet by Vitalik Buterin, who quoted an old joke from the crypto world to celebrate the EOS project, caused astonishment throughout the industry, especially considering that the project seems to have encountered multiple difficulties throughout the years. 

Due to the respect and high regard the crypto world has for Buterin, many commented on the tweet, calling it a purely sarcastic joke.

The founder of Cardano, one of the rival blockchains, tweeted in an ironic tone whether Buterin was okay.

The history of the blockchain praised by Vitalik Buterin 

EOS is a smart contract platform that at the time of its debut in 2018 raised $4.1 billion through an ICO. From the outset, the project was considered an “Ethereum killer,” on par with Cardano, Solana or Polkadot, because of its speed of transactions and cheaper fees.

The company that developed it, Block.one, failed to meet the high expectations in pursuing the project, which was gradually abandoned by developers and dApps from DeFi and NFT projects.

Currently, the EOS token ranks 48th on the list of the most capitalized cryptocurrencies, and its price hovers around a dollar valuation, down 95% from the highs reached in 2018 at $22. Earlier this year, the community, dissatisfied with the development operated by Block.one, founded the EOS foundation, whose CEO, Yves La Rose, responded to Buterin by saying they are ready to return to the original project.

In April, the EOS foundation announced that it would soon introduce Ethereum Virtual Machine (EVM) compatibility, which would allow developers to create smart contracts using the popular Solidity programming language.

Vincenzo Cacioppoli
Vincenzo Cacioppoli
Vincenzo was born in Genova but lived most of his life in Milan. He has a degree in political science. He is a journalist, blogger, writer, and marketing and digital advertising expert. After a long experience in traditional marketing, he started working with the web and digital advertising in 2011, creating a company called Le enfants. Passionate about the web and innovation, in 2018 he started exploring the topics related to blockchain technology and cryptocurrencies. Independent cryptocurrency trader since March 2018, he now collaborates with companies in the sector as a content marketing specialist. In his blog. mediateccando.blogspot.com, he has long been primarily focused on blockchain, which he considers to be the greatest technological innovation after the Internet. His first book about blockchain and fintech is scheduled for release in November.