In this live stream, the Block producers discussed the final points of launching and the launch went live 1300 UTC. The voting to obtain 15% i.e 150,000,000 EOS has to cast the vote for at least one Block producer only then the chain will be considered valid.
You can track the Voting Statistics Here.
This Block Explorer shows the movement of the Blocks
EOS is one of the first projects that has taken a decentralized approach to launching the Mainnet which means that the launch is decided by the people and the date and time of launch is not really predetermined as it is up to the community to cast the vote.
There are six phases to the actual launch of EOS which are:
Only after the completion of the voting process the will EOS launch and can be used.
To vote, it is recommended to use ‘cleos’ command line tool, in other tools the vote goes through a trusted third party which can be a risk to secure the private key and might risk the loss of funds. Some concerns have been put forth by the users on the voting as the command line interface is not really user-friendly for non-coders.
EOS Authority Tweeted:
sevenlu on Reddit said:
EOS is currently the 5th largest Cryptocurrency with a market cap of $11.7 Billion. It is priced at $13.08 at the time of writing this article. It has lost over 8% of its value in the past day.
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Disclaimer: Blockmanity is a news portal and does not provide any financial advice. Blockmanity's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Blockmanity won't be responsible for any loss of funds.
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