Hassan Maishera
The EOS Network Foundation (ENF) announced via a blog post on Thursday that it has partnered with the EOS Stable Coin Chain (ESCC), a groundbreaking Ethereum-based blockchain deployed as a smart contract on the EOS Network using a customized implementation of the EOS EVM architecture.
The partnership between the two entities aims to advance the EOS ecosystem by providing an optimized platform for high-speed compliant stablecoin transactions. Together, the ENF and ESCC will offer a specialized and efficient solution for handling stablecoins, which is expected to bring significant enhancements to the EOS ecosystem. The collaboration is also is expected to deliver unprecedented transaction efficiency, the ENF added.
EOS is a Delegated Proof-of-Stake cryptocurrency that launched in 2018 after a record-breaking ICO raising over $4.1bn. Its focus is on providing development flexibility, network scalability, and user-friendliness. EOS is up by less than 1% in the last 24 hours and is currently trading at $0.780 per coin.
