Yves La Rose, CEO and Executive Director of EOS Network Foundation, said this about Antelope: “We are building upon over four years of battle-hardened code, and the cumulative knowledge of four L1 chains leveraging each other’s strengths, all united behind the Antelope protocol.”
Antelope announces it is forking from open-source blockchain protocol EOSIO 2.0 to become an independent blockchain utilizing an open framework to build next-gen dAPPs and other Web3 services. EOS Network Foundation will develop the newly rebranded protocol. The announcement came as a result of block.one’s failure to capitalize on the rise in DeFi and NFTs to add value to EOSIO.
Established in January, the EOS Network Foundation consists of four protocols based on the EOSIO blockchain: EOS, Telos, WAX, and UX Network, with the coalition focusing on areas where the protocols overlap to develop Antelope’s blockchain codebase. Moreover, the coalition will possess a shared treasury to ensure that the Antelope protocol receives regular updates.
The price of the EOS token surged following a tweet regarding the rebrand announcement earlier today. As of writing this article, EOS is priced at $1.53, having rallied over 19% in the last 24 hours.
Antelope’s Github repository and website went live following the rebranding, with new developments already planned for the newly independent protocol. The initial release of Antelope will feature enhancements in its API, in addition to history pruning and improved cryptographic functions.
Moreover, EOS Network Foundation has put forth several proposals, including SDK and P2P enhancements, to add critical improvements to Antelope. The firm will also work on enabling interactions between Antelope-based protocols via an Inter Blockchain Communication system.
