#Vaulta
EOS Network (EOS), a layer-1 blockchain launched in 2018 and emerged as the largest ICO in the history of the cryptocurrency industry, announced it will be rebranding to Vaulta and shifting towards becoming a 'Web3 bank'.
Vaulta will be built on the existing EOSIO software of EOS while integrating with exSat, a protocol that enables smart contract support on Bitcoin. The ecosystem of Vaulta will support EVM compatibility and handle transactions in just 1 second.
EOS rebrands to Vaulta, with a focus on 'Web3 banking' and a new token.
With the new direction of becoming a bank serving the cryptocurrency sector, Vaulta will collaborate with renowned asset management organizations in the industry such as the custody unit Ceffu, Blockchain Insurance, and the real-world asset project Spirit Blockchain – aligning with the 4 pillars in the new development strategy, including asset management, retail payments, investments, and insurance.
