EOS Blockchain Mainnet Votes are a GO: June 10 Launch Details Included
It is official: the EOS Mainnet blockchain is a GO – come June 10, 2018 at 1300 UTC the enterprise operating system cryptocurrency is set to go live once and for all after a $4 Billion dollar ICO launch that lasted a year.
The EOS blockchain has made headlines many a time, due to the announcement of preparation that has been spent on this experiment in the crypto world with a remote platform. As of June 9th, 2018, all of the “block producers” (EOS’s version of bitcoin miners) have agreed to activate the Mainnet, making it live tonight.
— EOS Go (@go_eos) June 9, 2018
Block.One is responsible for taking on the EOS project with proof-of-stake technology. Their co-founder, Dan Larimer, has participated in other systems with this technology and platform-style, like BitShares and Steem.
Recently, they managed to prepare for EOS by providing a year-long ICO, which ended up raising over $4 billion. While there was a lot of speculation about the direction that the company would go, the recent vote among producers makes it clearer.
As the release date for EOS neared, there were many different organizations that were looking to contribute. However, as they made connections with each other, they created their own association called EOS Mainnet Launch Group (EMLG). Right now, there does not seem to be any disagreements, and they have agreed upon a single Mainnet for EOS.
With 1800 people watching their vote on June 2nd, 100 candidate organizations got together to discuss the Mainnet launch, but there was no conflict. The vote was unanimously in favor of the launch, which can be viewed on YouTube for individuals that missed the live session.
As the vote dictated, the EOS blockchain group will now setup a collection of block producers that will be in charge of activating the network. The group has already been decided, though there are a few more steps that need to take place before the system launches.
In the designated order of events, there will be another 48 hours for testing of the network. As long as there are no major problems, the EOS holders will have the opportunity to vote on a certain set of producers. Once 15% of the tokens have been allotted to those votes, EOS will be live.
There are plenty of concerns about the activation, but those concerns already will be eliminated with correctly following the designated events that need to take place. Consumers will have to wait and see if the EOS platform is published as planned, or if a competitor will take its place.