On March 18, 2023, the scalable blockchain infrastructure EOS Network officially announced its rebranding to Vaulta, marking its strategic shift towards Web3 banking services. This transition is accompanied by a token swap expected to be arranged by the end of May; if the proposal is approved, EOS tokens will begin to be exchanged for the new Vaulta tokens starting in May.

## Core Business Areas

Vaulta is a Web3 banking network designed to bridge the gap between traditional banking and decentralized digital assets, focusing on four core areas to bring value to institutions and consumers: wealth management, consumer payments, portfolio management, and insurance.

## Technical Infrastructure

Vaulta plans to retain its technical infrastructure from the EOS Network, including smart contract architecture, decentralized databases, and cross-chain connectivity. This cross-chain system will feature 1-second transaction finality and support C++ and EVM-compatible smart contracts. It is built on a dynamic and flexible infrastructure that supports customizable virtual environments (such as Vaulta EVM and exSat) to provide complete data availability and seamless inter-blockchain communication, with zero downtime, instant finality, and one of the lowest transaction costs in the market.