In 2018, EOS set a historical record with a $4.1 billion ICO, earning the title of "Ethereum killer"; by 2025, it shed its old name and redefined Web3 banking under the name Vaulta. This public blockchain, which had once fallen from grace, now claims to build a financial infrastructure that is "as secure as a vault, as fast as lightning, and seamlessly connected to the real world." Is this a technological redemption or a capital game? Let us delve into Vaulta's ambitions and challenges.

I. The Birth of Vaulta: The Predicament and Transformation Logic of EOS

1. The "Fall of EOS"

The collapse of technological idealism: the promised "million TPS" ultimately got stuck at 4,000 transactions per second, and the DPoS mechanism devolved into a "blockchain aristocracy game" monopolized by exchanges.

Ecosystem withering: 95% of on-chain transactions were deemed "zero-value operations" by research from Imperial College London, leading developers to collectively defect to forked chains like Telos and Wax.

Regulatory blow: In 2019, the SEC charged it with illegal fundraising, while its parent company Block.one turned around and used the raised funds to buy 160,000 bitcoins, which was criticized by the community as "betrayal."

2. Why Choose Web3 Banking?

The "Handshake" between Tradition and Crypto

1. Strategic Partners

Financial institutions: ATB Financial provides fiat channels, and Systemic Trust designs compliance frameworks.

Mining pool alliances: Antpool and ViaBTC provide computing power support for the Bitcoin layer but are questioned for being driven by "short-term interests."

2. Controversies over Token Economic Models

Bidirectional exchange trap: Initially 1:1 exchange of EOS tokens, with a one-way lockup after 4 months, coupled with 250 million inflationary tokens, criticized as "Ponzi fuel."

Institutional entry incentives: 30% of tokens reserved for VC subscriptions, with Spirit Blockchain and others already investing.