Ethereum co-founder Vitalik Buterin tweeted that EOS is “Ethereum on Steroids,” recalling an old joke in the crypto community. The Ethereum co-founder praised the project, saying that the core team learned from "the amateur naivety and idealism of Ethereum" and that it is a smart contract platform with much higher scalability and speed. Buterin's remarks came as a surprise to many, especially since he has been so critical of EOS in the past. Cardano (ADA) founder Charles Hoskinson replied to Buterin, "Are you okay?" posed the question.
EOS is a smart contract platform that gained popularity after its launch, raising $4.1 billion in its initial coin offering (ICO) in 2018. The project was considered an "Ethereum killer" due to its higher transactions per second (TPS) performance. But over the years, Block.one, the developer of EOSIO, a blockchain protocol based on EOS, has failed to add value to the blockchain, causing developers to abandon the project and miss the blockchain's decentralized finance (DeFi) and non-fungible token (NFT) booms. is said to be. This prompted dissatisfied members of the EOS community to form an organization against Block.one. The organization, called the EOS Network Foundation (ENF), rebelled against Block.one and took over the network codebase.
ENF CEO Yves La Rose promised to "return". In response to Buterin, Yves La Rose said that EOS is the "best performing" and the only blockchain "able to process more than 100 million transactions per day". “Technology is not an issue for EOS... But management was a big issue in the past,” the CEO said.
It recently announced TrustEVM, a new virtual machine that brings Ethereum Virtual Machine (EVM) compatibility to EOS and allows developers on the EOS network to create smart contracts using the popular programming language Solidity.