EOS News Today: EOS Price Could Boost With New Blockchain Launch

EOS is one of the most valuable digital currencies in the world, and it is currently sitting at the number 5 position on the list of top digital currencies based on market cap. The blockchain of EOS is scheduled to launch on the 9th of June, according to the results of a live-streamed vote that took place on the 8th of June.

The Launch Time

Candidates to become the so-called “Block Producers” of the blockchain of EOS – the equivalent of miners on the blockchain of bitcoin – voted “Go” in their previous voting session to make the Mainnet of EOS go live at 1:00 PM on June 9.

At the moment, the community is yet to confirm if the blockchain launch of EOS was successful or not. The news came one week after Block.one – a blockchain software developer and the creator of EOS – released v1.0 of EOSIO blockchain protocol to the public.

The Use of EOSIO

The EOSIO software is aimed at letting community-driven and enterprise-level businesses to develop scalable blockchain-based apps. EOSIO – which a lot of commentators and enthusiasts expect to compete directly with Ethereum as a blockchain protocol for creating Dapps (decentralized apps) – also got a new boost of funding a week ago.

On the same day the company released EOSIO version 1.0 to the general public, they announced the launch of a $50 million fund to support the development of the ecosystem of EOSIO in partnership with SVK Crypto – a blockchain investor based in London.

EOS completed its yearlong sale of tokens, raising a record-breaking $4 billion, making it the largest Initial Coin Offering in history – this was reported by Cointelegraph on the 1st of June. EOS is presently the fifth largest digital currency based on market cap, with a market capitalization of $12.8 billion. The value of the digital currency has increased by just 3% in the last twenty-four hours, and it is presently trading at $14.4.

Princess Ogono is a writer, lawyer and fitness enthusiast. She believes cryptocurrencies are the future. When she's not writing, she spends time with her adorable cat, Ginger and works out often.

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