As of today, June 10th, the voting for Block Producers for the EOS network has started. It is finally live, the moment all EOS token holders have been waiting for, if you do not know what is happening, here is a quick recap.

After a year of being in the ICO process, EOS has raised over $4 Billion and has gotten a lot of people excited with the promise of being the next big “thing”. This past week the MainNet had been going through some checkups and Block Producers (BPs) were able to try out the network and search for bugs. The EOS network will work under a Delegated Proof-of-Stake (DPoS) consensus, meaning that everyone who owns EOS tokens can vote and decide who will be producing blocks, or in other words who will be making the network work properly. This past week, BPs had to vote for a Go or No-Go on launching the MainNet, it would only be launched after there had been 2?3 +1 votes in favor of launching the net, and surprisingly on June 7th, this majority vote was not reached. This left a lot of people in the community very frustrated, because no specific reason was given to why not launch the net. However, on the next day, June 8th, the majority of votes was achieved and the MainNet was launched. From then until the next few hours probably, a randomly assigned BP was chosen to run the network.

Coming back to today, the vote for all EOS token holders has been opened. Today the top 21 most voted BPs will be the ones in charge of running the net. For the vote to be successful, a total of at least 15% of total EOS tokens have to be staked as a vote (around 150 million tokens). You can follow the total vote count here. Once this 15% threshold is reached, the MainNet will be officially launched and everyone will be able to send and receive EOS through its net.

Are you excited about the launch finally so close? Or are skeptical of the technology? For more information, check out my YouTube channel: https://www.youtube.com/channel/UCR7DmzG8UULUuYLLIU7FhLw?view_as=subscriber

**Disclaimer: I am NOT a financial advisor and this should NOT be taken financial advice. You should ALWAYS do your own research before investing.