#Vaulta Web3 Banking Network: A Short Explanation
**Vaulta** is a **Web3 banking network** focused on bridging the gap between traditional finance and decentralized digital assets. Formerly known as EOS Network, the project rebranded to Vaulta to better reflect its focus on Web3 banking services.
Here's a breakdown of what Vaulta aims to be:
* **A Bridge:** Connecting traditional financial systems with the world of Web3 and cryptocurrencies.
* **Comprehensive Services:** Focused on four key pillars:
* **Wealth Management:** Offering diverse yield opportunities by integrating CeFi and DeFi.
* **Consumer Payments:** Simplifying crypto transactions with faster settlements and lower fees.
* **Portfolio Investment:** Tokenizing real-world assets (RWAs) to increase liquidity and accessibility.
* **Insurance:** Providing custodial protection and security for digital assets.
* **Key Technologies:**
* **exSat:** A Bitcoin bridge that allows Vaulta to utilize Bitcoin as a transport layer and access its liquidity.
* **Enterprise-Ready Smart Contracts:** Utilizing both C++ WASM (compatible with traditional banking systems) and EVM-compatible Solidity contracts.
* **Decentralized On-Chain RAM Database:** For efficient management of high-frequency transactions and data.
* **Interoperability:** Facilitating seamless asset movement across different blockchain networks.
* **Speed:** Aiming for approximately 1-second transaction finality.
* **Regulatory Focus:** Establishing the Vaulta Banking Advisory Council to navigate global regulations and build trust.
In essence, Vaulta envisions a future where users can seamlessly interact with both traditional and decentralized finance within a secure and user-friendly network. It leverages blockchain technology to offer innovative financial solutions for individuals and institutions.