EOS Up 5% As Mainnet Launch Vote Gets an Unanimous “GO”

Updated On Jun 9, 2018 by Cameron Bishop

Three days ago, we had provided an update on the EOS mainnet testing process. We had mentioned that the EOS mainnet would go live once the testing process completes successfully. Today, Block.one, which owns the EOS network, has announced that all security checks have been completed and the mainnet will launch today at 13:00 UTC. The decision was taken after receiving a “GO” from all the all block producer candidates across the world.

Block.one successfully released version 1.0 of open source EOSIO blockchain software on June 2. EOSIO is an operating System on which scalable DACs (Decentralized Autonomous Communities) can easily be built, launched, and governed. During the launch of the software Block.one tweeted that the block producers are conducting detailed tests on the mainnet candidate and may take up to seven days before the mainnet goes live.

A few days before the release of the software, a group of organizations who intend to serve as block producers came together and formed the EOS Mainnet Launch Group (EMLG). One of the things they agreed upon is to launch a mainnet for EOS.

More than 100 candidate organizations joined a call at 1:00 UTC Saturday to vote on taking the mainnet live. The voting took place ~45 minutes later and more than 1800 watched the proceedings, which were telecast live on YouTube by EOS GO.The unanimous support to “Go” was announced through a tweet by the EOS team.

Additional tests will be conducted before appointed block producers will take the mainnet live. Once 15% of tokens outstanding have been staked to votes and the first group of elected block producers is recognized, the active chain will be declared as the mainnet.

The EOS token is trading at $14.50, up 5% from the previous close.

Cameron works tirelessly behind the scenes ensuring his many US news stories are factual, informative and brought to you in a timely fashion before most other media outlets have them. He is an investigative journalist at heart who also has a fond interest in the money and business markets too.

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