EOS blockchain launches after year-long $4 billion ICO

EOS, a new blockchain system touted as a “faster and more efficient” Ethereum alternative has finally launched on June 15 after a year-long ICO by developer Block.one which raised over $4 billion. Initially planned to go live on June 2, a series of roadblocks stalled the launch, including the discovery of vulnerabilities causing disagreement among block producer candidates, security concerns with the voting process, as well as a lack of votes themselves. Ethereum’s founder Vitalik Buterin has expressed concerns over the security of the technology used within EOS, as well as its vulnerability to ‘vote-buying’ and plutocracy, with certain groups or ‘cartels’ rallying for candidacy while offering rewards in return.

Read more

Both comments and pings are currently closed.

Comments are closed.