EOS Price Jumps on News of EOSIO 1.0 Release, $50 mln Fund to Support ‘Ecosystem’
Blockchain software developer Block.one has launched version 1.0 of their open-source blockchain convention, EOSIO, as indicated by an official blog post publicated today, June 2. The product is a platform developed for building applications at both the enterprise and "community driven" levels.
As indicated by the organization's post, Block.one does not ensure that the EOSIO software will perform "as proposed" or "will be free of blunders, bugs or defective code," guaranteeing that designers implement EOSIO at their own risk.
Notwithstanding the new software launch, Block.one likewise declared today that they had cooperated with blockchain venture firm SVK Crypto to launch a $50 mln funda to help the advancement of the EOSIO "ecological system".
Recently, Cointelegraph revealed that Block.one's EOS had finished its year-long token crowdsale, raising a sum of $4 bln, making the crowdsale the biggest Initial Coin Offering (ICO) to date.
Prior to this week, leading Chinese Internet security firm Qihoo 360 identified various high-risk security vulnerabilities on the EOS blockchain that would allow remote attacks on all EOS nodes. The vulnerabilities were allegedly settled around the same time they were reported.
Of the top 100 coins on crypto price tracker CoinMarketCap, the EOS coin has seen the most grown in the course of recent hours to press time. The altcoin, as of now fifth biggest by market capitilization, is up very nearly 27 percent on the day, trading at $15.35.