EOS Goes Live, Over 150 Mln Tokens Staked to Validate Mainnet

The EOS blockchain has now officially been activated, after the 15 percent - or 150 mln - positive vote threshold was hit yesterday, June 14, according to EOS Block Producer voting statistics.

As of press time, over 177 mln of all EOS token have been staked, successfully validating the EOSIO blockchain.

Candidates to become the EOS blockchain's so-called "Block Producers" - the equivalent of miners on the Bitcoin blockchain - first voted "Go" in a voting session on June 8, kicking off a preliminary 'boot stage' that has now been sealed by official mainnet validation.

I think the reason EOS voting turnout is low is that you can't vote your tokens from exchange.

Tushar Jain June 14, 2018 Earlier this month EOS' creator, blockchain software developer Block.

One released version 1.0 of the blockchain protocol EOSIO to the public.

Commentators have been expecting EOSIO to compete directly with Ethereum as a DApp-supporting blockchain protocol.

One 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 in the crypto industry's history.

EOS is currently the fifth largest cryptocurrency by market capitalization, with a market cap of $9.7 bln.