Fifth Largest Cryptocurrency EOS' Blockchain Set to Launch

The EOS blockchain is set to launch today, June 9, according to the results of a live-streamed vote that took place yesterday, June 8.Candidates to become the EOS blockchain's so-called "Block Producers" - the equivalent of miners on the Bitcoin blockchain - voted "Go" in their latest voting session to make the EOS mainnet go live at 1:00pm UTC today.

The community has yet to confirm that a successful launch has taken place as of press time.

EOS Go June 9, 2018 The news comes a week after EOS' creator, blockchain software developer Block.

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

The EOSIO software is designed to let enterprise-level and "Community-driven" businesses build scalable blockchain-based applications.

EOSIO, which commentators expect to compete directly with Ethereum as a protocol for building decentralized applications, also received a new boost of funding last week.

One released EOSIO 1.0 to the public, the company 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 history.

EOS is currently the fifth largest cryptocurrency by market capitalization, with a market cap of $12.8 bln.

The coin has seen just over 3 percent growth over the past 24 hours to press time, trading at $14.37.