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Mekala

Challenges in allocation of RAM after EOS Dawn 4.0

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Mekala

DAPP developers on EOSIO mainnet require RAM as one of the valuable resources for the development of application.  Availability, accessibility and affordability of RAM (Random Access Memory) to ensure the storage of application state is an essential requirement. EOSIO is more like a distributed computer network operating system. This operating system belongs to the underlying software infrastructure, hardware infrastructure and many DAPP projects.  The hardware infrastructure which includes CPU, Network Bandwidth and RAM are limited resources of the operating system. Like mobile phones, when an application is online, CPU, Network Bandwidth, RAM are used, but when the application is turned off data is stored temporarily in RAM in the form of cache.

In EOSIO ecosystem, the right to use the CPU and the network is EOS pledge. According to the ratio of the number of pledge EOS to the total EOS pledge of the whole network, the corresponding proportion of the right to use is obtained. Once you do not use it, you can redeem all the EOS tokens. Then came the EOS-RAM marketplace called EOS Dawn 4.0 which utilizes Bancor algorithm. When a developer buys or sells RAM, a 1% handling fee is charged on both buyer side and seller side. When a buyer does not use the purchased RAM, the stacked EOS can be redeemed.

 

The Bancor algorithm follows the economic principles of supply and demand, essentially meaning that the lesser the availability of RAM service higher the price. The advantage of Bancor algorithm is that the market supply and demand are automatically adjusted. It does not depend on liquidity, and all operations of all accounts are transparent.

Coming to the challenges faced by the developer’s community:

·        Retailers who do not need RAM occupy a large amount of it, resulting in shortage and increase in price

·        High price acts as a hurdle to achieve Million TPS

·        Lack of support from super nodes in the form of expansion

·        Over 40 GB RAM out of the available 64 GB have been reserved by whales.

The market also observed EOS-RAM price hike up from 0.11 EOS/kb to 0.91 EOS/kb, which meant a new account cost ~US$32 at that time.

 

EOSIO community apparently has introduced the following solutions to start with:

·        Forcibly confiscating RAM from hodlers who fail to use RAM within a certain period

·        Sidechains which could have their own RAM allocations, but this would take at least a year

·        RAM increase on EOSIO approved by 3rd party plus one of the block producers

·        RAM on rental basis

 

The price of RAM on the main chain and side chain are different because it is determined by the supply and demand on the chain. Obviously, the DAPP development needs in the main chain will be much larger. So, the RAM of the main chain will be more expensive; also, the developers of DAPP can also choose to develop on the side chain, the price of which is cheaper. It can be deduced that side chains will save costs.

 

In response to the sky rocketing prices of RAM in DAPP development, 15 of the 21 EOS BPs approved a measure to double the supply of RAM, flooding the market and thereby decreasing the cost to ~0.0640EOS/kb.

 

We can conclude that RAM marketplace, though is an interesting concept, needs some peculiar solutions addressing the issues of DAPP community globally. Being one of the contenders of 21 Supernodes of EOSIO, MoonX through its quick market survey has also felt the increasing need for RAM accessibility and affordability on a large scale. This would not just boost the DAPP community but encourage new developers on the community.

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About MoonX

 

MoonX the world’s fastest and safest decentralized exchange platform, built by world-class stock exchange and blockchain veterans, campaigning for one of the 21 SuperNodes of EOS. MoonX is the future of trading digital assets in a truly decentralized ecosystem co-owned by the entire MoonX Family. While existing solutions offer to solve just one problem at a time, the MoonX Family offers a highly secure, useful and easy-to-use product based on private blockchain. So far, MoonX has raised 29 million dollars in funding within a short period of time and is supported by BCH, DHVC, Fission Capital, PreAngel, NGC, Ledger Capital, Node Capital, DU Capital, NEO, Badwater Capital and other investment institutions.

 

 

 

 

 

 

 

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