September 23, 2021
EOSIO will ban users from buying blockchain resources

EOSIO will ban users from buying blockchain resources

EOSIO will ban users from buying blockchain resources

EOSIO, the company behind the EOS cryptocurrency platform, wants to make changes to the network resource allocation system, replacing the purchase with a lease.

According to EOSIO blog, the purpose of these changes is to combat network congestion associated with the inability to use about half of the CPU resources owned by users, despite the presence of demand for them. This ultimately reduces overall network performance..

To solve the problem, the project team invites users to pay for resource rent through smart contracts in order to get a 30-day CPU / NET load from the total supply. At the end of this period, the lease must be extended, but at new prices, which are automatically adjusted by the market mechanism, taking into account the current supply and demand..

The innovation will also affect the equity model. Users will still be able to stake EOS tokens, but instead of receiving CPU / NET resources, they will be paid EOS name auction fees, RAM fees, and rental income.

The transition to the new system must be gradual.

text: Ivan Malichenko, photo: Steemit

EOSIO will ban users from buying blockchain resources

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