Daniel Larimer, EOS Blockchain Creator, Speaks About How To Figout Out the CPU Issues
Daniel Larimer, the CTO of Block.one, has recently talked about how to solve the CPU issues that plague the EOS blockchain. He decided to do it now because of a massive CPU collapse that happened on the network two weeks ago.
At the time, the EOS network was heavily congested because of an airdrop and most users faced issues with transactions. After the trouble, the governance had no choice but to explain what actually happened. Larimer affirmed that the CPU market for the EOS, known as Resource Exchange (REX), faced some issues because of how it works.
These issues happened because REX basically ran out of tokens to distribute to people. This congested all transactions and caused the network to basically collapse for the time. This happens in situations in which the distribution of CPU rental is not very well balanced and there is a mismatch in demand. This combination of problems can easily result in volatility and in lacking EOS to rent in the marketplace.
Fortunately, Larimer proposed a way out of this situation. He claims that the way to do it is to make all CPU time leased from the system and then make the EOS leasing price grow exponentially as the percentage of CPU leased grows. This would balance the system, as prices would be more dynamic than they are at the moment.
This new approach would eliminate the current dynamic supply method and it would not incentivize people to withdraw EOS from the REX if they did not really need it, so hopefully, it would prevent this from ever happening again.