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EOS Network Foundation Reveals Major Tokenomics Transformation
The EOS Network Foundation, an open-source blockchain platform, has recently announced a significant transformation of its EOS blockchain. This transformation will occur through proposed updates to its tokenomics, explained in the EOS System Contracts v3.4.0 release.
According to the first installment of a two-part series, these changes are designed to stabilize and grow the EOS token economy by implementing a fixed supply model. This includes capping the total EOS token supply at 2.1 billion tokens, effectively ending the previous model of inflation. Additionally, the new model introduces token vesting schedules for network custodians, including EOS Block Producers, Staking Rewards, the EOS Network Foundation (ENF), and EOS Labs.
“The EOS System Contracts v3.4.0 release marks a watershed moment for the EOS blockchain, introducing foundational changes to its tokenomics,” states the EOS Network F
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