EOS network, one of the oldest protocols of the cryptocurrency ecosystem, is going through an important period these days. After the deactivation of Block.One, the community has been working hard to reconfigure the EOS network. According to the latest developments, the rebranding of EOSIO as Antelope came to the fore as the final stage of the process of removing Block.One.

In the past years, the EOS community has been very excited about the promises of Block.One, the parent company of EOSIO. The company had announced plans to develop the ecosystem's most robust proof-of-stake network. However, things didn't work out and Block.One was getting further and further away from the target, causing the EOS community to lose hope. In the end, Block.One has created a damaging effect on the EOS network, rather than growing it, on the road that started with high hopes. As a result of all these developments, the EOS community was able to take control by disabling Block.One, believing that it damaged the network.

EOS

Yves La Rose, CEO of the EOS Network Foundation, recently made some statements about how they took over the network. In his Twitter post, Rose added that Block.One had raised $4.1 billion in funding, but that this fund was not used for the development of EOS. Now the community, which wants to leave behind all the negative developments in the past, is preparing for a new era.

After the EOS network left Block.One, an important issue came to the fore, such as maintaining the network and continuing its development. The community will now perform a hard fork and rebrand as a solution to this. The hard fork, which is extremely important for the network, is expected to take place on September 21. With the targeted hard fork to unify all networks in the EOS ecosystem, the EOSIO protocol will be rebranded as Antelope and this new protocol will operate as a community-run Blockchain.

The Antelope protocol will work with the “Delegated Proof-of-Stake” consensus mechanism, which will form a coalition to improve the EOS network and develop new applications. With the transition to the new protocol, at the beginning of the planned developments for EOS, there are goals such as compatibility with the Ethereum Virtual Machine (EVM), creating a communication protocol with Blockchain networks deployed in the Cosmos ecosystem. All these developments are expected to bring new excitement to the EOS ecosystem. It is also seen as an important factor that the network will continue to be more decentralized and open source, as the control will be in the hands of the community.