EOS blockchain is officially live now.
César Rodríguez Twitter
The threshold required for appointing operators which will maintain the functionality of the blockchain was 150 million votes in the evening on Thursday, which allowed to complete the week-long process of launching the network of the fifth largest crypto.
Thus, the software for which Block.one raised more than $ 4 billion via ICO, which lasted almost a year, was presented to users.
This happened after a week of evaluation and testing of the network by candidates for the role of block producers from all parts of the world. Although several critical vulnerabilities were identified during this phase, due to which the launch date was postponed, on June 9, the candidates gave green light.
According to the project plan, two thirds plus one candidate had to vote for the launch of the network in order to initiate a further process, during which additional validation was carried out, block producers were appointed and holders of 15% EOS tokens were approved.
As soon as these 15% were collected, 21 block producers were approved and the chain was launched. The process took more time than many expected, which is explained, among other things, by security considerations.