Vitalik Buterin sarcastically mentioned the once popular blockchain project EOS. He said that EOS stands for “Ethereum On Steroids”. Here are the details…
Vitalik Buterin surprised everyone with his EOS comment
Ethereum co-founder Vitalik Buterin made fun of the formerly hugely popular EOS. Saying that EOS stands for “Ethereum On Steroids” drew reaction. He added that the core team of the project managed to learn from the “purity and idealism of Ethereum” and built a highly scalable Blockchain project. Cardano’s founder, Charles Hoskinson, must have been surprised by Vitalik’s comment, “V, are you okay?” he tweeted.
V, you OK? https://t.co/vbW9gNjcHo
— Charles Hoskinson (@IOHK_Charles) June 27, 2022
Some assumed Buterin’s account had been hacked. Others severely criticized Buterin. In reality, Buterin was simply referring to an ongoing joke in the community about EOS. Only some of the programmer’s followers were able to understand this joke. cryptocoin.comAs we reported, EOS, once the world’s most eagerly anticipated blockchain with a record-breaking $4 billion ICO, has shrouded in uncertainty over the past few years.
After its good start, Block.one’s project failed to gain momentum. It faced a massive developer migration. Blockchain’s user base has dwindled since 2018. The native EOS token is currently ranked 48th in terms of market cap, despite being among the top cryptocurrencies in 2018. Buterin has been very critical of EOS in the past, so his praise is seen as a huge red flag by cryptocurrency enthusiasts. He described the “Ethereum killer” as a “central garbage heap” while targeting the controversial on-chain governance structure in 2019.
the background of the joke
In a tweet shared by Josh Stark, one of the employees at the Ethereum Foundation, a user asked the crypto community to explain what EOS means. Stark replied, “Okay, here I go – What is EOS?” he tweeted. Surprisingly, Buterin joined the list of Twitter users who commented on the tweet. However, his EOS designation caught everyone’s attention.
EOS is Ethereum On Steroids.
The name reflects the fact that the core team learned from Ethereum's amateurish naivety and idealism, and built out a team of professional top-talent software developers that created a smart contract platform with much higher scalability and speed.
— vitalik.eth (@VitalikButerin) June 27, 2022
Meanwhile, the ADA token of Cardano, founded by Hoskinson, is trading at $ 0.48 with an increase of 2.6 percent. Vitalik’s Ethereum is down 1.7 percent to around $1,200. Finally, EOS has lost 2.9 percent in the last 24 hours. Currently trading at $0.98, EOS is down 95.7 percent from its all-time high. The coin last reached an all-time high at $22.71 on April 29, 2018.
