LONDON (Bywire News) - It might be hard for younger folk to believe but back in the early nineties, there was nothing less cool than owning an Apple. I should know – our family had one. It was a big, friendly box of joy and attracted so much ridicule that we would stick a blanket over it when people came round. My dad, though, was a zealot telling anyone who would listen, and also a fair few who wouldn’t, why they should ditch their PCs for the Mac. They were faster, more reliable – and just generally all-around better machines.
It's a pattern EOS fans might recognise. Ever since the ENF took control from B1, they have been telling everyone who will listen – and again plenty who will not – that EOS is the most exciting blockchain out there. The trouble just as with Apple in the 90s, nobody has been listening. So, can Apple’s resurrection offer encouragement for EOS?
The rebirth of Apple
Apple’s rebirth from a company which was being written off to the most valuable firm in the world is nothing short of extraordinary. We all know what happened next. From the return of Steve Jobs and the creation of the iMac, Apple underwent a revolution. In ten years, Apple’s stock increased by 2,000%. By the time he resigned it had risen by more than 9,000%.
So, what exactly happened? Part of it was down to great product, but it was also down to fantastic marketing. Apple managed to reshape its story and put the vision of those die-hard fans front and centre of the popular view. It wasn’t easy and it took time. Apple, after all, had a huge amount of baggage. Overcoming that was no easy task.
Hope for EOS
Nevertheless, it worked and EOS enthusiasts point to this as a reason to keep the faith. The parallels with Apple in the 90s are certainly striking. Like Apple, EOS has the best technology and the most loyal fans, but like Apple, it struggles to make this known to the world. The good news, though, is that things are changing.
There are signs that things are changing. Last week’s report by Wired was the first time a version of EOS that the community would recognise has made it into the mainstream. It told the story of EOS’ highly public birth, the problems with B1, its decline and its possible rebirth under the ENF.
More have followed. Pieces on CryptoDaily and Coinpedia recount roughly the same story – one of B1’s failure, their expulsion by the EOS community and the revival led by the ENF. Meanwhile, the Blockchain Reporter's piece ‘The Rise of the ENF’, adds to the growing impression within the crypto community that EOS is under new management. Each of these is important in that they are taking the message about EOS and its recovery beyond the small world of the EOS community and out into the wider crypto sector.
As the wider world turns its eyes to EOS, there is plenty to get excited about. Investment is being pumped into the ecosystem courtesy of the ENF. A series of blue papers are being published setting out a rapid roadmap for development, while the prospect of the EVM is being heralded by many as a game changer. The Mandel development is bringing a much-needed update to the EOSIO codebase and the EOSIO rebrand will take the network further into a new era.
The timing couldn’t be better. The collapse of Luna has shaken up the world of cryptocurrency. Confidence is shaken, not just in the world of stable coins, but in cryptocurrency as a whole. There is an opening for any blockchain which can demonstrate value and performance.
In this respect, EOS is better placed than most. It has been independently named the best blockchain in the world. It’s faster, more sustainable and more affordable than anything else out there. It’s a developer’s dream and has all the tools needed to do exactly what Apple did in the 2000s.
The only problem is that until now the community hasn’t been paying attention. However, thanks to the article on Wired all that might, just might, be changing. So, all those EOS holders looking at the asset price and despairing can take heart. The EOS renaissance is gathering momentum.
(Writing by Tom Cropper, editing by Klaudia Fior)