BM has issued new coins! Will EOS play to die in the end?

As a star project that was born with the “blockchain 3.0 leader” aura, EOS has been trying to create new ways of playing.

After the main online line made a big vote, EOS began to gradually become silent, RAM transactions skyrocketed a hundred times, and rekindled the heat. The previous foot just sent the RAM transaction, and now comes the CPU lease. I have to say that BM has worked hard to make EOS a hen that keeps laying eggs!

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BM’s “EOS Resource Leasing Era”

Two days ago, EOS founder BM published “Recommendations on EOS Resource Leasing and Rent Allocation” on Medium, and proposed a “resource lease” solution to reduce the use of networks and CPUs in EOSIO-based blockchains. The cost of capital for resources.

In the technical white paper of EOS, there has been an explanation about resource allocation:

If a blockchain is developed using the EOSIO system and its token is held by a ticket holder, it may not need to consume all or part of the available bandwidth immediately, so that the holder can choose to give the unconsumed bandwidth Or rent to others; block generators using the EOSIO system will recognize such authorizations and directly allocate the appropriate bandwidth.

Most of the holders are not involved in the development of DAPP on the chain, so the resources in their hands become idle. To put it simply, EOS is actually equivalent to a toll booth. The holder can use various resources in the ecology, such as bandwidth, CPU, RAM, etc., in proportion to the amount of money held in the hand. Now, due to the scarcity of these resources, BM hopes that holders will not hold the currency, allowing EOS to operate in the recycling ecosystem and maximize idle resources.

Going into the dilemma of a dead end?

There are three sources of value for EOS: bandwidth and journal storage (disk), computation and computational backlog (CPU), and state memory (RAM).

In the EOS network, there are currently two types of resources available, one is RAM, the purchase type; the other is CPU and network bandwidth, mortgage type. Think of EOS as a blockchain operating system. CPU and network bandwidth are time-dependent. The CPU and network bandwidth you can use for a certain period of time is limited. The amount of usage is related to the amount of EOS you are mortgaged. Elapsed, the CPU and network bandwidth will slowly recover, and the mortgaged EOS can be returned when it is not in use.

At the peak price of RAM, the price is about 0.44 EOS/KB, which means that 450 EOS can exchange 1M of RAM memory. DAPP developers are unable to pay high RAM fees and slow down the current development of the network. The determination of the expansion plan has cooled down some of the speculative boom, and the price has now returned to 0.157 EOS/KB.

Like the RAM at the time, the CPU skyrocketed more than a hundred times in a short time. After the initial excitement of pushing up prices, foreign EOS communities began to complain about RAM and CPU. why?

Fundamentally, there is nothing wrong with the design of EOS. The rental solution is designed to solve the problem of large system users not picking up the system resources, but the real developers have no resources available, or they need to spend more to have resources available. The problem. Compared to the large purchase of EOS, “lease” does not need to bear the risk of the principal caused by EOS price fluctuations, which is undoubtedly worthy of participation.

But the CPU is completely relying on the EOS weight of the mortgage, the retailer’s CPU usage rights are dynamically changing, and the developer can’t estimate the CPU cost. However, this unpredictable cost is a nightmare for small and DAPP small development teams. It is like walking into a dead end. BM aims to reduce the cost of using EOS network, but there is a certain probability that it will accidentally hurt those who really want to do DAPP. A small team with little financial strength.

Reissue SGD REX and SEOS

Not only is resource leasing, but for the ecological cycle, BM also put forward a bold idea –

A new coin called REX, and a SEOS token generated in sync with REX, create a new resource exchange, EOS holders mortgage EOS to obtain REX tokens, and hold REX tokens to obtain loan proceeds. , renting CPU and NET resources revenue, RAM trading account auction and other income, renting resources to mortgage EOS to obtain SEOS, using SEOS in exchange for system resources, in order to prevent speculation of SEAS, the currency will be inflation.

To be honest, there are more and more types of tokens and how to play. I don’t understand the BM’s suspected marketing style.

Although EOS’s current TPS has reached 3,590 times per second, the “million class” in the promise is not enough. V God is focusing on technology upgrades, but BM has been making topics, from frying RAM to frying CPU to issuing new coins. Is this set of combos a booster or a destroyer for EOS’s ecological construction? The beautiful lease era will not come, only wait for time and market to help verify.

Just like the discussion with foreign communities, EOS is getting more and more complicated now, and the entry threshold is getting higher and higher. I just hope that the smartest child at the beginning will not play with himself in the end.

[su_quote]This article is writing on 08 Aug 2018 based on information available online & news portal. If you feel it’s outdated or incorrect, please write here to update it. Mail us: [email protected] Or Whatsapp Us- +13098896258[/su_quote]