The Currency Analytics
By Steven Anderson
EOSIO (EOS) Refining the Model
EOSIO Resource Exchange (REX) allocates resources like CPU/NET to users. However, it became unusable on the EOS Public Blockchain after there came an increased requirements for…
Supply of resources is crucial for the functioning of the EOS Public Blockchain. REX had issues in being able to cope with the large demand.
Block.one are therefore proposing a new REX system which will establish a resource rental market.
Users will stake tokens under this proposed resource model. Rather than receiving CPU/NET resources proportionate to staked tokens, users who stake to REX will get certain fees…
The purpose of this new model is to remove the influence of speculative markets over the resource pricing.
In this regard, Sydney Ifergan, the crypto expert tweeted: “The new Resource Model Proposal from Block.
To operate smoothly, EOSIO app developers and users should have consistent access to resources with predictable pricing. Block.
When there is a spike in resource utilization, the adjusted utilization will follow the same rate of increase like instant Utilization, and the price will increase in real-time…
The new resource allocation model is set to be further refined with time. Block.one developers are willing to take feedback to work closely with their team to improve EOSIO…