There is a countdown available online for the much anticipated EOS (EOS) MainNet launch that is on the 2nd of June, 2018 at 22:59:59 UTC. The available countdown clarifies on whether the release will be on the 2nd or on the 3rd as has been the debate on various online platforms. This means that all you have to do, is to adjust to your time zone around UTC time. Say you are from New York City. The MainNet launch will be on the 2nd of June at 15:59:59, UTC – 7.
The current countdown on the site reads 14 days, 8 hours, 2 minutes, 13 seconds; at the moment of writing this.
The EOS.IO software introduces a new blockchain architecture designed to enable vertical and horizontal scaling of decentralized applications. This is achieved by creating an operating system-like construct upon which applications can be built. The software provides accounts, authentication, databases, asynchronous communication, and the scheduling of applications across many of CPU cores or clusters. The resulting technology is a blockchain architecture that may ultimately scale to millions of transactions per second, eliminates user fees, and allows for quick and easy deployment and maintenance of decentralized applications, in the context of a governed blockchain.
With the above mentioned vertical and horizontal scaling, EOS will attempt to improve on what Ethereum started with its smart contract capability on its platform. EOS also aims at making sure the platform is secure from any malicious users as was the case with the Parity incident.
Also to note is that during the same time period, Oyster Pearls (PRL) has its MainNet launch on the 29th of May. Tron (TRX) will also launch its Main Net on the 31st of May. VeChain (VEN) has scheduled its MainNet release for the end of June. This means there will be a lot of action as we walk into the second quarter of 2018.
Current market analysis indicate that EOS has cemented its position in the number 5 spot after slowly dethroning Litecoin (LTC) from the same position. The difference in market capitalization between the two crypocurrencies is $3.707 Billion.
EOS is currently trading at $13.21 and up 5.95% in 24 hours. The current levels by EOS are very welcome after we experienced a serious drop in values this week. EOS had reached a new low of $12.06 on Wednesday, May 16th.
With the much anticipated MainNet launch scheduled in 2 weeks time, we can expect some more upward mobility of EOS in terms of price. This is as crypto-traders and enthusiasts buy in bid not to miss out on the event.