EOS voting seemed to stall initially - but as the right tools were unrolled, in only one day, the number of voting tokens greatly expanded. The EOS blockchain is now considered officially verified. More than 17% of the EOS tokens have cast a vote, though this does not reflect the number of owners. The cutoff for officially verifying the chain was 15%.
https://twitter.com/EOSauthority/status/1007319398259085313
The network is now live - although the block producers were running the blockchain before that, in test mode. Some believe the sudden pickup in voting was due to whales joining the game. The chain going live means it is now open to block producers to become active. Producers can, in theory, be voted in or out. However, some believe the EOS holdings are quite centralized and an almost permanent list of producers may form.
At the moment, 291 block producers have been listed on the voting page. There are notable tiers of popularity, with projects like EOS Canada and EOS Authority gathering a lot of votes easily, while a long tail of almost unknown entities receives a handful of votes. Right now, to be voted among the top 21, more than 22 million EOS are required.
The news came just as the markets were starting to recover, and the EOS price spiked above $11. Overnight, the asset appreciated by more than 10%, reaching $11.16.
!EOS!
As EOS sees enthusiasm again, trading has picked up. But the liquidity comes from newly added Tether pairs, and more than 31% of EOS volumes depend on USDT trading.
The next big step for EOS would be the airdrops and distributed apps. However, there are still skeptics who believe airdropping tokens will create more whales on those networks, given the rather centralized distribution of EOS.
In recent days, the news of a BlockOne hacking has hardly affected the voting. But it is one example for the extra attention needed during airdrops. The Zendesk account of BlockOne was hacked, sending out messages with promises of giveaways and airdrops.
This article appeared first on Cryptovest
