In the recent past Block.one has announced the release of EOSIO v1.0. This software has made businesses possible in developing high performance and high-security blockchain-based applications.
After the announcement, the company soon launched the EOSIO Developer Portal supporting the organic growth of an EOSIO developer community and the software’s widespread adoption for the growth of its Developer Relations team.
Recently, EOS Blockchain is live now, after receiving 150 million votes from block producer candidates which are needed to determine the entities or individuals for maintaining a distributed network.
The Block.one has raised more than $4 billion in a year-long initial coin offering (ICO) that will now be accessible. It is also informed that blockchain will begin operations at 17:46 UTC.
After the testing by block producer candidates the groups will be receiving rewards for transactions who are vying for one of the 21 validator node spots.
If we talk about the project's process, that percentage was the two-thirds +1 of the candidate community to initiate the launch, but the blockchain wasn't officially live until the completion of further validation.
The chain becomes active as 15 percent of token holders had voted to establish the set of 21 elected block producers.
To learn more you can go through the official post by Coindesk.
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