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.
— 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.
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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