Everything you need to know about EOS Mainnet
EOS, created by a genius software programmer, Dan Larimer (Whom also created Steem and Bitshares) is a sound blockchain operating system which aims to provide databases, account permissions, scheduling, authentication, and internet-application communication to improve the efficiency of smart business development and make blockchain scalable to millions of users,
facilitating millions of transactions per second. With the addition of its ability to deploy smart contracts and build decentralized applications (Dapps), it has been named a strong competitor to Ethereum.
Currently ranked 5th on the CoinMarketCap with a market cap of almost $10B USD, they have finally concluded their year-long ICO and launched its own blockchain on main-net, which no longer relies on Ethereum as its underlying layer. The blockchain launch was initially scheduled for the start of June 2018, but due to some vulnerabilities found in the coding, there were unforeseen delays and they have since been rectified.
As of right now, the following actions have been carried out:
– Crowd-sale of EOS Tokens is officially closed.
– Block.one has released EOS.io v1.0.
– EOS ERC20 Smart Contract is frozen and the snapshot was taken.
– The community has agreed on the contents of the chain and verified.
– The blockchain is launched and open for voting.
– 15% of all tokens have been cast.
If you invested in EOS during the ICO phase, you should have your tokens registered on an exchange or verified wallet. This was required to be done before the launch of main-net. You can no longer register tokens. You can check your wallet address here: https://eoscountdown.com/
As for price movement, EOS is a little stagnant around $11 USD and the news hasn’t really sparked a bull run. This is due to the general sentiment across the entire Cryptocurrency market. In conclusion, the main-net launch was a success and its expected that they will continue to have a great year.
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