Last night the EOS block producer candidates unanimously voted to go ahead with the EOS MainNet launch. The vote comes in light of delays due to recent security issues plaguing the network.
Over 100 candidate organizations took part in the voting which took place around 1:00 am UTC and concluded roughly 45 minutes later. The positive result means a set of appointed block producers will now prepare for taking the initial network live in the next 12 hours. An additional 48 hours of testing will follow and validation will then take place before the final launch.
An order of events for the launch can be found on the EOS New York blog.
EOS is a distributed proof-of-stake (PoS) network, which means it uses Block Producers in place of traditional miners found on Proof-of-Work (PoW) networks. The company held a year-long initial coin offering (ICO) to raise the $4 billion it required to develop its open-source software.
A collaboration between block producers each fighting for control of the network resulted in the formation of the EOS Mainnet Launch Group (EMLG) which has now managed to organize voting to finalize the launch.
The EOS launch still faces a large number of potential issues including bugs, vulnerabilities and other problems. With the launch now imminent, hopefully the block producers can address and resolve these in time.
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