EOS week of chaos

As the EOS network launch data passed, the confusion and crosswaves of information around EOS only get crazier. While no expert on the subject, let's try to get a glimpse into that world and summarize some things.

EOS mainnet is not launched yet. As the EOS community agrees, that the mainnet should not be launched without proper testing and validation, multiple groups have created their own validation networks and lobby them, with the 2 main favorites standing out.

EOS Core (also called Ghostbusters, by their previous group name) and EOS BIOS Boot (EOS Canada) both have created a serious network, with the former focusing on security and the latter, automated booting tool and various other features.

_{Which way? Credz: pixabay.com}

Until the community works out and agrees, which one will launch as the mainnet, we're about to see more confusion and lobbying from involved parties.

It's entirely possible that we will end up with 2 competing mainnets, with all you EOS holders getting double the tokens :)

It's not unheard of - forks are created in cryptocurrency world all the time.

So when will the main network launch? According to finder.com.au

_{finder.com.au}

So who are these delegates that have to emerge?

Basically the system is a bit similar to Steem witnesses system. As far as I know at the moment, everyone can vote with their EOS for Block Producers, who lobby for votes. Top 21 will be the main Block Producers and earn a decent amount of dough. Yep.

So if you don't get into the top 21, you can still be a backup BP (Block Producer) and still earn rewards. To be eligibile for any rewards at all, you need a minimum of 0.5% votes.

EOS Canada (Bios Boot camp) has done a neat review of potential Block Producers Rewards here:

Anyway, with the main chain selection still in progress, kick your feet up and wait to see, which one get eventually listed on the exchanges, has the biggest following and dev groups.

Patience ;)

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EOS dentralization (typo intended)

This piece of news is nothing new and is provided as just an interesting part of information. According to multiple independent EOS snapshots, only 10 EOS addresses hold almost 50% of all the EOS supply!

As ethereumworldnews.com reports:

According to research from six independent snapshots of EOS ownership it was revealed that only ten addresses hold almost 50% of the total supply. Almost 500 million EOS tokens equating to 49.67% of the total 1 billion supplied are held in 10 addresses. The company behind the EOS ICO, Block.one, holds 100 million tokens, or 10% of the total. In addition to the $4 billion they already raised this awards them a further $1.5 billion.

Why is there nothing new in that? For one, there's always been a group of richer people than others and that is not always a bad thing. Everyone can't have the same amount of funds and assets.

And the second fact is that these addresses could be actually owned by exchanges, who hold tokens for thousands of underlying accounts.

_{ethereumworldnews.com}

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And finally a tweet from someone named Daniel Larimer ;)

He notes, that the EOSIO dApps ecosystem is already large enough to push out a graphic, showing how teams and groups are already building stuff. Ecpect this dApps system to exponentially blow up soon.

_{Graph created by eostribe.io, linked by twitter.com}

Materials and sources (hit them up - they contain valuable information):

finder.com.au
medium.com

ethereumworldnews.com
twitter.com/bytemaster7

Need more technical info? Hit up the @buildteam post, where @cryptomancer has a neat collection of links:

https://steemit.com/buildteam/@buildteam/buildteam-eos-testnet-nodes-online-as-mainnet-launch-approaches

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_{Title image from pixabay}

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