The EOS network announced the successful completion of the vote and its launch with virtual fireworks.
The long-awaited activation of the EOS mainnet took place last night.
After weeks of unsuccessful attempts, the threshold of 15 percent voting for the 21 mining pools that will create blocks for the blockchain service has finally been reached and even exceeded. Thus, the lengthy process of launching the network of the fifth largest cryptocurrency by capitalization has ended. Note that the first version of the software for the EOSIO blockchain Block.one presented June 2, technically the network EOS was launched on June 9, but was in No-Go state, and the network began full operation yesterday evening. The successful completion of voting was celebrated with virtual fireworks and an official announcement on the online voting page. By this morning, more than 85,000 transactions had already taken place in 60,000 blocks of the updated network.
The launch is important not only for users, but also for software developers Block.one, which owns an impressive portion of the tokens and has already announced its plans to create a new fund with $50 million in assets to implement EOS technology together with London-based investment firm SVK Crypto. And at the beginning of the month, they announced the creation of a venture fund with a capital of $1 billion for developers creating platforms on the EOS blockchain, which works using the proof-of-stake method and offers transaction speeds of up to several thousand per second and the creation of smart contracts with various access options.
The EOS rate immediately responded to the launch, rising by 15% overnight and reaching a maximum value of $11.53 overnight. By morning, passions had calmed down a bit and at the time of filing the material, EOS was trading at $10.89.
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