Inside the Sprawling (Ongoing) Vote That Will Decide When EOS Launches
Almost one week after initiating, one of the largest, strangest experiments in global crypto governance hesitated as it neared its culmination.
While EOS, a new blockchain created by Block.One, which raised approximately $4 billion to build it over the past year, had effectively turned the code over to its users as of last Saturday, into Friday, the fruits of that effort suggest a lack of clear process is holding back progress.
At least two votes that could have ended with a version of the software launching actually took place (based on CoinDesk's view of an unofficial stream of the decision-making). Assembled were candidates vying to become EOS "block producers," or the entities able to process transactions and claim the network's rewards.
Almost one week after initiating, one of the largest, strangest experiments in global crypto governance hesitated as it neared its culmination.
While EOS, a new blockchain created by Block.One, which raised approximately $4 billion to build it over the past year, had effectively turned the code over to its users as of last Saturday, into Friday, the fruits of that effort suggest a lack of clear process is holding back progress.
At least two votes that could have ended with a version of the software launching actually took place (based on CoinDesk's view of an unofficial stream of the decision-making). Assembled were candidates vying to become EOS "block producers," or the entities able to process transactions and claim the network's rewards.