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Ethereum Classic Enters New Era In Development And Management

Stefan by Stefan
10/06/2018
in EOS News
Reading Time: 1 min read
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EOS Launched EVM, blockchain, support, eth
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EOS, which is currently the fifth largest cryptocurrency out there, has officially launched the blockchain, after the results of a live-streamed vote that took place a couple of days ago.

The candidates to become the EOS blockchain’s so-called “Block Producers” have voted “Go” in their latest voting session – making the EOS mainnet go live yesterday. The community should still confirm if the EOS blockchain is live and working as it should.
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EOS LAUNCH IS A GO! The blockchain will launch at 1300 UTC Saturday. GO EOS!! #eosio #blockchain #cryptocurrency

— EOS Go (@go_eos) June 9, 2018

A week after the EOS creator and the blockchain software developer Block.one released the version 1.0 of the blockchain protocol EOSIO to the public, the EOS blockchain is ready – and set to let enterprise-level and “community-driven” businesses to build scalable blockchain-based applications.

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Many analysts expect EOSIO to be a direct competitor to the Ethereum blockchain, mainly because of the similarity seen in the decentralized application (dapps) and their building. The EOSIO blockchain received a new boost of funding this week – and the company announced the launch of a $50 million fund to support the development of the EOSIO “ecosystem” in partnership with the London-based blockchain investor SVK Crypto.

On June 1st, the news reported that EOS had completed its year-long token sale and raised a record-breaking $4 billion, becoming the largest Initial Coin Offering (ICO) in history. The EOS market cap currently sits at around $11.6 billion – and the coin has seen a 10% decline over the past 24 hours, aligned with the overall market correction that is happening today.

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DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at editor@dcforecasts.com

Tags: BlockchainEOSfeaturedLaunchmainnet
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Stefan

Stefan

Stefan has been writing articles for DCForecasts since 2016 in-house full time. As one of our main cryptocurrency writers, he focuses on covering the latest cryptocurrency news, technical charts, price analyses of coins and press releases. When he is not exploring and covering the latest topics in crypto, you can find Stefan playing basketball, tennis or cycling.

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