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RE: The "REAL" EOS - Fighting for Identities
At network creation the boot node will need this power to load the necessary system contracts and snapshot. Once this is done eosio control is transferred to the governance system. The community is devising several verification methods to be sure that the boot node did not abuse this power by inserting custom code or manipulating the snapshot prior to selecting a network as the mainnet.
Only one node will initiate this process? If so, how is it being selected?
This is a great question. We all need to form consensus on a way to validate which node should be selected. Currently the BIOS Boot page is peer reviewing candidates based on launch drills but this does not cover the entire BP community.