THELOGICALINDIAN - n-a
Scalability has continued apparitional blockchain. As user action and dApp development abide to increase, transaction times acceleration alongside fees, creating a constant pain-point for users and developers.
EOS claims to action solutions for the scalability bugbears that accept bedeviled added blockchain platforms, best conspicuously Ethereum (ETH). Delegated Proof of Stake (dPoS), which gives arrangement ascendancy to twenty-one block producers, allows the arrangement to calibration – currently to about 1,000 affairs per additional (tps) – and facilitate feeless payments. Block producers are adored from newly-minted EOS tokens, rather than funds from users’ wallets.
But one of EOS’ above downsides is the ever-increasing high amount of RAM. In adjustment to handle millions of affairs per additional – EOS’ ultimate ambition – the arrangement requires an ultra-fast basement that heavily relies on RAM – Random Access Memory – to abundance advice on new EOS user accounts as able-bodied as on alive network dApps.
As EOS expands so will the arrangement crave added RAM. This itself is accessible to do. EOS users can acquirement RAM from the EOS arrangement itself, in barter for EOS tokens.
But it isn’t cheap. And teams attractive to body an able dApp can absorb thousands. Prices aren’t stable. The less RAM accessible on the market, the college the bazaar price. Developers abaft the EOS game, PandaFun, reportedly had to absorb $65,000 account in EOS aftermost year to acquirement a acceptable bulk of RAM.
For a time, the market-based access – as against to the fixed-price access – created a way for speculators to accumulation from accession RAM. Shortly afterwards the Mainnet launch, the prices skyrocketed as speculators bought best of the accessible RAM, affairs it at a exceptional to dApp developers.
Today, 1 MB of EOS RAM currently costs around 55.6 EOS (~$130) at the time of press.
LiquidEOS designs a band-aid for EOS RAM issues
So up until September of aftermost year, the high-cost amount of RAM bound the adequacy of dApp developers and slowed the clip of acceptance of EOS. To abate the aggressive costs of abstract RAM markets, 15/21 block producers voted to abate the cost of new EOS accounts from 4 kibibytes to 3 KiB.
That in itself isn’t enough. Block producers blurred RAM costs is acknowledging to the needs of developers in the ecosystem, but it additionally highlights how centralized EOS is. There’s annihilation endlessly a majority of block producers voting to accession costs at a after date.
Now, LiquidEOS is an Israel-based R&D center, and EOS Block Producer, has an another solution. Through the addition of vRAM, LiquidEOS hopes to action RAM at a lower amount through a agency which doesn’t depend on consensus from the block producers.
vRAM is an alternative band-aid for data storage on EOS that is, “RAM-compatible, decentralized, and aims to abundance and retrieve abstracts affordably and efficiently.” Rather than dApp developers accepting to acquirement added RAM for every new user who registers, LiquidEOS will acquiesce added RAM to be purchased with its DAPP tokens. It will, however, abbreviate the bulk appropriate by alone autumn capital abstracts on the blockchain.
The beneath RAM required, agency lower costs for dApp developers, removing cogent banking barriers to development on the EOS ecosystem. LiquidEOS believes that in adjustment “to optimize for both scalability and decentralization, blockchains charge be advised to abundance the minimum bulk of advice bare to verify approaching transaction validity.”
By autumn abstracts offchain, and alone utilizing RAM assets back actually necessary, vRAM hopes it could become an affordable solution; “the analytical courage of dApps.”
There’s added than vRam
This isn’t LiquidEOS’ alone contribution. It has additionally congenital an EOS voting portal, allowing EOS users to casting votes every anniversary for their favorite block producer.
The aggregation has also released a step-by-step DIY adviser on architecture an EOS accouterments wallet, and partnered with BancorX, to acquiesce users to acquirement and advertise EOS tokens anon on the EOS platform. Not to mention, its dApp Network allows developers to run decentralized applications abundant added easily.
But the development of vRAM – slated for barrage after this ages – will be a technical band-aid that allows dApp developers to body on the EOS blockchain, while at the aforementioned time aspersing costs associated with on-boarding anniversary and every new user as able-bodied as in ablution an application.
If it catches on, the EOS ecosystem will be the capital beneficiary.
The columnist is invested in agenda assets, including ETH which is mentioned in this article.
