Fifth Largest Cryptocurrency EOS’ Blockchain Set to Launch

Fifth Largest Cryptocurrency EOS’ Blockchain Set to Launch6170Total views

585Total shares

The EOS blockchain is set to launch today, June 9, according to the results of a live-streamed votethat took place yesterday, June 8.

Candidates to become the EOS blockchain’s so-called “Block Producers” – the equivalent of miners on the Bitcoin blockchain – voted “Go” in their latest voting session to make the EOS mainnet go live at 1:00pm UTC today. The community has yet to confirm that a successful launch has taken place as of press time.

The news comes a week after EOS’ creator, blockchain software developer Block.one, released version 1.0 of the blockchain protocol EOSIO to the public. The EOSIO software is designed to let enterprise-level and “community-driven” businesses build scalable blockchain-based applications.

EOSIO, which commentators expect to compete directly with Ethereum (ETH) as a protocol for building decentralized applications (Dapps), also received a new boost of funding last week. The same day Block.one released EOSIO 1.0 to the public, the company announced the launch a $50 mln fund to support the development of the EOSIO “ecosystem”, in partnership with London-based blockchain investor, SVK Crypto.

On June 1, Cointelegraph reported that EOS had completed its year-long token sale, raising a record-breaking $4 bln to become the largest Initial Coin Offering (ICO) in history.

EOS is currently the fifth largest cryptocurrency by market capitalization, with a market cap of $12.8 bln. The coin has seen just over 3 percent growth over the past 24 hours to press time, trading at $14.37.

Advertisements

Published by

fintechcryptocurrencymining

Financial Technological Networker , developing Crypto Currency Mining enthusiast , here in an African Continent !! A participant in various FinTech Platforms Local and Globally !!

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

Advertisements
%d bloggers like this: