With Antelope Protocol Release, The EOSIO Blockchain Is Reborn

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The EOS Network Foundation has kicked off a new era by forking the underlying software for EOSIO blockchains to Antelope, a new, community-run blockchain protocol that has been rebuilt with the full support of the ENF’s most important members.

The shift to Antelope marks a new chapter in EOSIO’s long-running saga. Unlike most other well-known decentralized networks like Ethereum, Polkadot and Avalanche, EOSIO isn’t a blockchain itself. Rather, it is an open-source software protocol that’s used to build multiple blockchain networks that support high-performance, decentralized applications. Some of the best known blockchains built on EOSIO include EOS itself, Telos, Wax and UX Network.

First created by the developer Block One in 2018, EOSIO provides a way for developers to rapidly set up a blockchain for dApps by simulating a machine plus the compute, networking and RAM resources they require. It also provides a wide array of tools and protocols for establishing security and permissions for specific blockchain networks. 

When it first launched in 2018, big things were expected of EOSIO. Due to its revolutionary design and consensus mechanism, it's able to handle many times more transactions per second and do so with much lower fees than other networks. It was billed as the perfect tonic to the network congestion and high gas fees plaguing the Ethereum network, and such were the expectations that it raised a stunning USD 4.2 billion in what remains, to this day, the largest-ever Initial Coin Offering in the blockchain industry. 

For a variety of reasons, EOSIO failed to build on that