After a Year Long ICO, The EOS MainNet Blockchain Is Finally Live!

The EOS main net is finally live after a year long ICO. Over $4 Billion USD was raised in total by investors from all around the world making EOS one of the largest ICO’s ever! With no live platform or working product, raising $4 Billion is very impressive.

The team has a lot of experience with blockchain technology, the CTO Dan Larimer has created the successful blockchain projects bitshares and steemit in the past so it comes as no surprise the EOS ICO was so successful.

Block.one

The company in charge is called block.one, aiming to ‘decentralize everything’,

Block.one designs free market systems to secure life, liberty, and property by publishing open source software that is free for everyone to use.

The company claims to have invested over $1 Billion into ‘funds focused on the growth of the EOS ecosystem’. The investments aim to help maximise the global reach, increase education around blockchain and build strategic partnerships.

“Brought together by a shared passion for decentralization, the Block.one team, led by CEO Brendan Blumer and CTO Daniel Larimer, is dedicated to closing the gap between the promise and the reality of blockchain technology. By creating platforms and tools that enable the building of blockchain supported and decentralized businesses, applications, and collectives, the Block.one team is dedicated to creating a more secure, free, and connected world.”

The EOS Mainnet blockchain launch

After a week long voting period, where votes were over 150 million votes were collected in order to decide the distribution of control on the decentralized network.

Now the main blockchain is live, the previously used ERC20 tokens issued on the Ethereum blockchain will no longer be used and the tokens have been transferred over to the main EOS blockchain.

Given the fact the top 100 wallets hold over 75% of all EOS tokens, the token based voting system must be questioned considering the platform has been designed to be completely decentralized. Because token holders with the greater balances have more voting power, there’s concern that power over the 21 allocated block producers could potentially be bought by users with very large token balances.

EOS

EOS is designing itself to be a one of the most powerful blockchain platforms, as it is seeking to enable the use of smart contracts in a much more efficient and effective way. The EOS platform will support decentralised applications (Dapps), providing businesses with a simple solution to build and keep going. Businesses will be able to access the full functionality of the EOS platform offering a simple solution for businesses who are looking to integrate and use blockchain technology.

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By | 2018-06-28T16:53:19+00:00 June 15th, 2018|EOS News|0 Comments

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