EOS Update July 11. EOS RAM, Adding More Ram, Scaling Sidechains, ETH comparison And Accounts

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Ram

Some has criticised EOS for not being transparent in regards to RAM trading. Dan has talked extensively about how they are aiming to openly and gradually add ram to the system. There is no way to decrease ram - which will crash the system, only add ram. But to double RAM over night would also crash the system. So this needs to be done systematically and openly and predictably and scale with sidechains.

Cost

People also criticize EOS for the cost of account creation. But keep in mind that that is the only cost. On Ethereum you have to pay transaction fees. That is not the case for regular users on EOS. But one could of course argue that charging people a fee of almost 40$ up front to use a network is not the best business model. Even if they are able to use it for free after that.

Block.one however has said that they have some ideas on how to onboard people.

Sidechains

As soon as it is profitable to launch a new sidechain which is what the Ram prices will do. As ram prices increase new chains get launched until it is not profitable to launch new chains anymore. And thats how things will scale through supply and demand. Sidechains will be valued through proximity to the other contracts that are on the same chain.

Accounts

Auction off 6-11 character accounts, one every ten minutes. That particular change would require a referendum.

Watch the full interview with Dan Larimer here

 

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Disclaimer: eosmastering is not associated or affiliated with EOS or Block.one in any way. It is a private informational blog run by an EOS investor.

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