EOS nodes implement the proposal to stop the additional issuance of EOS RAM, and RAM’s weekly increase exceeds 250%
On December 18th, according to relevant page information, the EOS node has executed the SETRAMRATE proposal, which suggests stopping RAM issuance and changing the RAM rate parameter to zero. As a result, EOS RAM has stopped inflating. It is reported that the proposal aims to improve the supply and demand environment in the RAM market.
According to Newdex market information, RAM has risen by 275% in the past week, with a current price of 0.0438 EOS/KB.
EOS RAM is a resource used to store memory databases on the EOS blockchain, which was previously designed by BM as an issuance mechanism, expanding at a rate of 1KB/block, which means that for every new block produced by EOS, RAM expands by 1KB.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Kidnappers free TikTok crypto influencer after realizing he has no money
Share link:In this post: A TikTok crypto trader was released on Sunday after being kidnapped when assailants discovered he didn’t have enough funds for his ransom. The assailants kidnapped the crypto trader and demanded an extortion of €50K. France wants to delete the public addresses of business leaders from public records to prevent kidnapping attacks.
TradFi's deep liquidity issue is crypto's silent structural risk
Fidelity files for Solana ETF with staking option in US
Chamath projects $600 billion hit to US economy from tariffs, interest rate cuts
Trending news
MoreCrypto prices
More
