The Next EOS Bull Run Can Be Spurred By Decentralizing RAM Resources For Optimal User Adoption
EOS Adoption Can Be Spurred By Decentralizing RAM Resources
From the very beginning, it was being said that EOS would be the project that finally solved many of the scalability challenges that existed within today's ever-evolving crypto ecosystem. While the project’s infrastructure is designed to facilitate millions of transactions per second, statistical data shows that its current record block speed lays at just around 4,000 tps.
The RAM Problem
At press time, it is being widely rumored that the “availability and price of RAM” within the EOS ecosystem is proving to be one of the biggest challenges for the platform’s developers.
RAM resources are valued according to market demand— something which has caused their prices to soar to nearly eight times of their initial valuation. Thus, in order to restore confidence in this niche’ market segment, a number of EOS block producers have voted to increase the volume of RAM up to a new cap of 128GB by the end of this year (December 2019 to be exact).
With that being said, the other issue that is bound to arise with the increase of the above-mentioned cap size is that it doesn't provide the required “storage capacity needed to run many sophisticated, data-centric dapps concurrently”. This is one of the main reasons as to why a number of independent devs are still running more than 60% of their dapps atop the Ethereum blockchain — in spite of EOS having more users.
If that wasn’t enough, it is also being reported that the first dapps to make use of Ethereum’s Plasma scaling protocol will be deployed by the end of this year— a move that could once again see ETH zoom past EOS. However, over the past few weeks, a new project called ‘LiquidApps’ has emerged that could solve EOS’ RAM problems. This is because this new module makes use of something called vRAM– an affordable storage solution for EOS developers.
What Is vRAM?
In its most basic sense, we can think of vRAM as being a digital entity that acts as a “storage drive within the EOS ecosystem”. Not only does it allow for one’s regular RAM resources to serve as a cache layer for in-operation data, but it also allows for information to be stored on different “distributed file storage systems” (that have been hosted by DSPs and loaded onto a temporary cache table).
As a result of these aforementioned features, smart contract operations will most likely become much easier to facilitate within the EOS ecosystem.
In rounding off this piece, it should be clearly noted that the use of vRAM for an EOS developer is quite remarkable— since it removes many of the existing barriers that are currently preventing independent/ small-market devs from creating novel dApps solutions for the masses.
Last but not least, it should also be pointed out that LiquidApps has already gone live and thus interested users can go and purchase “DAPP tokens to buy vRAM”.