EOS is ready to launch its mainnet. The launch of EOS.io will move EOS from the Ethereum blockchain to the main network in 40 days.
EOS promised to change the crypto world with its revolutionary EOS.io, making digital transactions faster, cheaper, and more secure. The launch of EOS.io will mark a transition for EOS from its current Ethereum network to the mainnet. With the transition to the mainnet, EOS will also replace current tokens based on the Ethereum protocol. Therefore, EOS owners who purchased their coins on exchanges are advised to register them before June 1st. All EOS tokens will be frozen on the Ethereum network on June 2, before the launch.
Cryptocurrency platforms Binance and Bitfinex have already announced their full support for new tokens of the EOS network.
OK Blockchain Capital, managed by OK Group, has made it clear that wants to finance new projects built on the EOS blockchainin the coming years, since creating the necessary infrastructure will require a lot of time, effort and money. OK Blockchain Capital is the venture capital of OK Group, which also manages the OKCoin project, which is quite popular in the world of cryptocurrency. Despite the fact that the EOS project is among the top 10 with a dominant position in the market, the venture capital fund is committing $100 million to support the EOS ecosystem. In addition, the firm is committed to promoting the adoption of EOS in global digital markets.
EOS.io is a blockchain architecture that enables horizontal and vertical scaling of a decentralized application. The software allows for authentication, asynchronous communication, application, account and database scheduling. This, according to the developers, will allow up to a million transactions per second, reduce fees to a minimum and simplify the creation of applications.
Against the backdrop of recent positive news, EOS is showing steady growth. According to CoinMarketCap, at the time of writing, EOS is at $14.55 with a market capitalization of $11.8 billion and has recorded a price increase of over 42% over the past week. It was previously assumed that EOS would regain the 5th position before the end of the second quarter, but EOS succeeded in the first month of the period.
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