Bitcoin, Ethereum, Dogecoin weekly gains dwarfed by this soon-to-be morphed token
The token of the open source blockchain platform EOS was the biggest gainer last week — the coin shot up 13.8% in the period, surpassing the gains clocked by Bitcoin BTC/USD, Ethereum ETH/USDand Dogecoin DOGE/USD.
| Cryptocurrency | 7-day % change (+/-) | All-Time High value/date reached | % change (+/-) since all-time high |
|---|---|---|---|
| EOS (EOS) | +13.8% | $22.89 on April 29, 2018 | -93.3% |
| Chillies (CHZ) | +7.65% | $0.89 on March 13, 2021 | -78.7% |
| USDD (USD) | +0.4% | $1.03 on May 4, 2022 | -3.2% |
Fork sets the buzz
The EOS Network Foundation recently announced that they had combined resources with partners such as Wax and UX Network to form a “coalition of blockchains.”
EOS will undergo a rebranding and will be called “Antelope,” according to a blog post from the EOS Network.
The blog post said so Block.onethe company associated with EOS, “stopped” supporting EOSIO development which in turn “jeopardized the future of EOS and all other EOSIO-based blockchains.”
Yves La Rosefounder and CEO of EOS Network Foundation said while unveiling the EOSIO rebrand this week, a hard fork will be activated next month in a tweet on August 16.
This week we reveal the long-awaited EOSIO rebrand, and next month, $EOS will activate its v3.1 consensus upgrade (hardfork).
Here’s what you need to know about #TheNewEOS.
— Yves La Rose (@BigBeardSamurai) 15 August 2022
La Rose said last year that the EOS community “fired” Block.one and “took control of the network.”
Last year was $EOS society fired @B1 and took control of the network.
As crazy as it sounds, a bunch of #EOS community members stood up to a multi-billion dollar company and won!https://t.co/1gMWOm28Bh
— Yves La Rose (@BigBeardSamurai) 15 August 2022
Hardfork A solution against IP
The CEO of the Network Foundation said that firing Block.one was necessary for EOS to make a “comeback”, another problem was caused by the fact that the technology firm Bullish owned EOSIO intellectual property rights.
La Rose said: “How can the #EOS community move forward without it? That’s why we need hard fork and rebrand!”
Shooting @B1 was necessary for $EOS to make a comeback, but it also presented a problem: who will handle the EOSIO code? Since @Bullish owner EOSIO IP, how can #EOS society move on without it?
That’s why we need hard fork and rebrand!https://t.co/2K07NNV9uk
— Yves La Rose (@BigBeardSamurai) 15 August 2022
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