Network EOS rose sharply RAM. What is the reason?
Source:
The Cost of RAM in the EOS network this week soared to 920 coins per one megabyte. At the current exchange rate is approximately 8160 dollars, according to .
thethe Growth rates of EOS is reflected in the operating memory
Recall, the EOS is a framework for decentralized applications. At the moment, the market capitalization of bitcoin has reached eight billion dollars.
Now the price of one megabyte of RAM has decreased to about 480 EOS. Such sharp jumps in the cost can entail serious risks for the normal functioning of the network, because developers are not profitable to buy resources for their projects.
In may, the team Block.one published update for DApps architecture called Dawn 4.0. After you upgrade the operating memory, the network has passed on the distribution law of market supply and demand. Dan Larimer explained in his post that the way to encourage users to give the unused resources of your PC in return for remuneration.
Larimer also noted the possibility of market speculation. According to him, some traders unable to stock up on cheap memory operating now in case of its deficit in the future.
Mania is around the price of RAM on EOS was created some accounts in the system which propanil the cost of operating a memory for profit. Commentator on under the name cryptopriceiq made an interesting conclusion from this situation.
I suddenly realized that RAM is a real token EOS, at least for the next few years. If the offer RAM will rise 20 percent a year, means the total amount of operating memory is very limited for the near future. You do remember what created the token EOS? It's not a cryptocurrency as such, it is a token for which you buy EOS network resources for applications. By itself, the token is not a resource. But the memory, by contrast, is a resource.
Similar price hikes could be avoided if manufacturers of blocks in the network EOS will vote for an increase in the total amount of RAM in the network. This will reduce the operating deficit of memory. However, such a move may again cause a pile around the project, as it was talking about its centralization and bad .
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