EOS blockchain is ready to launch

EOS blockchain is ready to launch

Fifth largest crypto by marketcap is ready to launch its own blockchain

The EOS blockchain is set to launch today, June 9, according to the results of a live-streamed vote that took place yesterday, June 8.

The news comes a week after EOS’ creator, blockchain software developer Block.one, released version 1.0 of the blockchain protocol EOSIO to the community The EOSIO software is designed to allow enterprise-level and “community-driven” businesses build scalable blockchain-based applications.

EOSIO, which commentators expect to compete directly with Ethereum (ETH) as a protocol for building decentralized applications (Dapps), also received a new boost of funding last week. The same day Block.one released EOSIO 1.0 to the public, the company announced the launch a $50 mln fund to support the development of the EOSIO “ecosystem”, in partnership with London-based blockchain investor, SVK Crypto.

On June 1, Cointelegraph reported that EOS had completed its year-long token sale, raising a record-breaking $4 bln to become the largest Initial Coin Offering (ICO) in history.

EOS is currently the fifth largest cryptocurrency by market capitalization, with a market cap of $12.8 bln. The coin has seen just over 8 percent decline over the past 24 hours to press time, trading at $13.3



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