Vitalik Buterin Recalls Old Joke About EOS as the Team Claims They are 'Making a Comeback'

Ethereum (ETH) co-founder Vitalik Buterin has tweeted that EOS, a once-popular blockchain project, stands for “Ethereum on Steroids,” recalling an old joke within the crypto community.

Timeline of Eos

Ethereum (CRYPTO: ETH) co-founder Vitalik Buterin recalled an old joke about cryptocurrency project EOS (CRYPTO: EOS) on Twitter Inc (NYSE: TWTR). What Happened: “EOS is Ethereum on Steriods,” joked Buterin, in response to what was presumably more sarcasm from Ethereum developer Josh Stark who asked what EOS was.

It's no secret that cryptocurrencies are experiencing a wild ride lately. Prices are surging and plummeting at unprecedented levels, and it can be tough to know which coins will come out on top.

Backed by serious investors, the EOS Network was once touted among the fastest third-generation blockchain networks. However, in the course of time, the project has faded into obscurity - primarily because of the inconsistent effort from developer Block.one.

The altcoin market saw a slight uptick over the last five days after most altcoins' four-hour technicals swooped into the oversold mark. Consequently, Solana flashed a bullish edge after breaking out of its falling wedge.