Vaulta: A fresh start in Blockchain Finance
Vaulta, the rebranded version of EOS, is making waves with its focus on practical finance and compliance-driven blockchain infrastructure.The network has teamed up with VirgoCX to launch VirgoPay, a cross-border remittance app. This app uses stablecoins to reduce fees and speed up transactions.
VirgoPay,with Vaulta as its default settlement layer,aims to provide near-instant payments across different countries. It will start in markets like the U.S., Canada, Brazil, and Hong Kong.
Yves La Rose, Vaulta’s Founder and CEO, explains how the network’s architecture and governance upgrades set it apart. Vaulta addresses past EOS issues, like validator collusion and governance problems, through concrete changes.
Two early criticisms of EOS were its unworkable social pressure vote buying and excessive decentralization in decision-making. To tackle these, the EOS Network Foundation (ENF) was created in 2021. This foundation acts as a centralizing force, distributing community resources for development and marketing.
With the rebranding to Vaulta, the community adopted a new consensus model. This model distributes validation roles among more participants, reducing the influence of a small group. Token-holder votes now decide on code changes, balancing coordination and distributed decision-making.
VirgoPay relies on USDC and USDT.If a stablecoin depegs or is frozen, users face systemic risks. Vaulta supports multiple stablecoins, offering adaptability. Automated triggers can halt inflows or swap users to safer assets if a stablecoin’s peg deviates.
Vaulta offers both native and bridged stablecoins. USDT is natively issued on Vaulta, while other stablecoins use a bridging solution. This setup ensures funds are secured and audited, minimizing cross-chain vulnerabilities.
Vaulta’s ExSat Bridges Enhance Cross-Chain Liquidity and Security
Vaulta has introduced exSat, a Bitcoin transport Layer, to unlock cross-chain liquidity. This innovation integrates USDC
Revolutionizing Digital Banking with Vaulta’s Web3 Banking OS
vaulta is setting the stage for the future of digital banking. It aims to be more than just a payment solution. Rather,it seeks to become a complete infrastructure for various financial services.
While Ripple and Stellar focus on cross-border transactions, Vaulta has a broader vision. It aims to offer a wide range of banking services. Remittances are just the start. The platform supports lending, escrow, and compliance tools. This makes it stand out in the crypto space.
The term “Web3 Banking OS” is central to Vaulta’s mission. But what does it mean? Essentially, it’s a platform that goes beyond stablecoin transactions. It’s a foundational layer for next-generation banking and finance. This system enables banks,fintechs,and institutions to manage digital assets seamlessly.
