Undoubtedly, the past four weeks have been unusually busy for block.one, as the team has released two versions of the EOSIO Dawn software, versions 3.0 and 4.0 respectively. The primary reason behind this quick and unexpected succession of software releases is the instability of earlier versions, an issue that block.one is trying to solve.
The most conspicuous upgrade in the latest version, 4.0, is replacement of the usual ‘time of head block’ with the newer ‘time of current block’. This improvement resolves a significant number of issues that are time-based. As a result, cases of missed blocks are forgone, and the accuracy of timing the duration of smart contracts is substantially improved.
— EOS (@EOS_io) May 5, 2018
Additionally, the EOSIO Dawn 4.0 will sell its RAM at a starting price of $0.000-18 per byte, a figure that translates to $20 per token. First-time accounts often require 4kB of RAM to operate, meaning that it will cost $0.10 to register new users. Since the RAM is reserved, the price will increase as per the situational demand, resulting in an almost infinite price by the time tits usage reaches critical level (the maximum number of nodes).
In the previous version, EOSIO Dawn 3.0, users could not sell RAM at a profit. Instead, they were forced to sell the memory space at the buying price, a move that was meant to curb hoarding and speculation. Nonetheless, the major bottleneck of this approach was that the RAM owners had no reason to sell their memory to newbies. The Dan 4.0 will buy and sell RAM at the prevailing market rates, a feature that is expected to spur the massive acquisition of the memory allocations by investors. Consequently, the demand for RAM allocation will intensify, forcing the investors to sell their Ram, and thus a sustainable business model will be actualized.
The establishment of a ready market for RAM is good news to speculators, since it presents a potentially lucrative business opportunity. However, EOSIO has already implemented stringent measures to block this possibility. In this regard, EOSIO has made RAM non-transferable, as well as imposed a 1% fees on all transactions. The role of the fee is to offset the natural inflation of crypto tokens by removing them from the market.
Another improvement on the Dawn 3.0 that is present on version 4.0 is the upgrading of the execution infrastructure from a single-threaded to a multi-threaded architecture. For this reason, it is considerably easier to tweak the latest version without necessarily performing a major system upgrade.
Dan Larimer had this to say on twitter the other day:
— Daniel Larimer (@bytemaster7) May 6, 2018