The EOS mainnet nightmare: How not to launch a blockchain network

Jun08

by Sindy Cator on June 8, 2018 at 4:42 pm

Posted In: Around the Web, cryptocurrency, Finance, Hard Fork, Insights

In a year-long initial coin offering (ICO), Block.one raised $4 billion for its blockchain and smart contracts platform EOS. It is worth noting that a host of such platforms already existed, but Block.one promised a more scalable solution for decentralized applications (DApps). The only problem is, one year later, the EOS network is still not a reality. EOS’s mainnet launch was slated to happen on June 2, 2018. But almost a week later the blockchain is not yet live. For those who do not know, mainnet is an acronym for the main network of a blockchain platform. The EOS cryptocurrency…