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The long-awaited launch of the EOS blockchain took place

Block EOS was officially launched.

The threshold required for appointing operators who will maintain the functionality of the detachment was 150 million votes in the evening on Thursday, which allowed to complete the week-long process of launching the network of the fifth largest in terms of capitalization of the Crypto Currency.

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Thus, the software for which Block.one raised more than $ 4 billion in the course of ICO, which lasted almost a year, was presented to users. According to estimates, the detachment began working at 8:46 pm Moscow time.

This happened after a week of evaluation and testing of the network by candidates for the role of block producers from all parts of the world. Although  several critical vulnerabilities  were identified during this phase , due to which the launch date was postponed, on June 9, the candidates unanimously gave green light.

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According to the project plan, two thirds plus one candidate had to vote for the launch of the network in order to initiate a further process, during which additional validation was carried out, block manufacturers were appointed and holders of 15% EOS tokens were approved.

As soon as these 15% were collected, 21 block manufacturers were approved and the chain was launched. The process took more time than many expected, which is explained, among other things, by considerations of security. At the time of publication, 1 EOS costs $ 11.08 according to CoinMarketCap.

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The post The long-awaited launch of the EOS blockchain took place appeared first on 9 to 5 Live.



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The long-awaited launch of the EOS blockchain took place

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