The EOS Blockchain Isn't Live Yet, But It's Getting Closer

Days after first initiating its launch in an unorthodox, distributed process, the EOS blockchain isn't yet live, but so far, the software appears to be progressing toward that goal without major issues.

The plan was always for these tokens to be frozen at the end of the ICO, in preparation for a formal blockchain launch, meaning those coins won't be tradeable again until EOS is live.

The last big event took place June 2 at 10:59 UTC, when the tokens froze on ethereum and so-called "Snapshots" were taken in order to preserve a record that can later be used to allocate tokens issued on the EOS blockchain to their owners.

A controversy broke out in the EOS launch community last week when a group calling itself "Ghostbusters" published a critique of the launch approach led by EOS Canada, another group vying to become a block producer.

EOS Canada had published a piece of open-source software called "EOS BIOS" on April 9, a suite of code that aimed to coordinate the launch of the EOS software.

"Using the EOS BIOS process will create unnecessary risks for the EOS blockchain launch and ultimately all EOS token holders. Also, any negative press on insecurities in EOS blockchain launch or failed attempt to launch the blockchain will have a negative impact on EOS price and reputation."

The creators use something of a complicated process for users to claim their tokens, but MyCrypto CEO Taylor Monahan asked her team to look at it, and they don't see anything dangerous about an EOS holder claiming EOS Classic tokens.

One reserved 10 percent of EOS tokens for the company, the EOS Classic reserves the same for itself, in what could be just another simple play for easy crypto money.

It's not surprising that this message didn't get through to everyone who had ever bought any EOS. So, in order to prevent the exclusion of crypto users who weren't following the EOS blog, the EOS community coded up a workaround so that users wouldn't lose their tokens.

Ross would not commit to any kind of timeline for EOS to go live.