#Vaulta EOS was launched by Block.one in 2017, raising over $4 billion in ETH through the largest ICO in history, aiming to create a high-performance blockchain that supports decentralized applications (DApp). The mainnet launched in 2018, utilizing a DPoS consensus mechanism, promising high throughput and zero transaction fees, and was once seen as the "Ethereum killer." However, Block.one was accused of not fulfilling its promises, and after the community takeover, the EOS Network Foundation was established in an attempt to revitalize the project. In 2025, EOS was renamed Vaulta, transforming into a Web3 banking system, but its market value had shrunk to below $1 billion, far from its former glory, reflecting the disparity between the crypto market boom and reality.