LIVEEOS RAM
@eostools
EOS RAM,一种系统每天都在自动拉盘的稀有资源！
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EOS RAM is booming, on-chain lending rates are rising: a great opportunity to seize the market opportunity
Recently, with the boom in the EOS RAM market, on-chain lending rates have increased significantly, providing investors and developers with unprecedented opportunities. The surge in demand for EOS RAM has promoted the overall activity of the EOS economy and made more people aware of the potential in this ecosystem.
What is EOS RAM?
EOS RAM is a resource used to store smart contract data. With the arrival of applications such as EVM, RAMS, DROPS, EXSAT, and the increase in the number of users, the demand for RAM has also increased. Its scarcity and high demand have led to a rapid rise in prices, attracting the attention of a large number of investors and developers.
What is EOS RAM?
EOS RAM is a resource used to store smart contract data. With the arrival of applications such as EVM, RAMS, DROPS, EXSAT, and the increase in the number of users, the demand for RAM has also increased. Its scarcity and high demand have led to a rapid rise in prices, attracting the attention of a large number of investors and developers.
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A letter to all old EOS users!
Dear old EOS users:
Time flies, and we have witnessed the prosperity and vitality of the EOS community. In that passionate and creative moment, we explored the infinite possibilities of the digital world together and left many precious memories.
However, as time goes by, we may drift apart, and the busy life makes us neglect the enthusiasm and companionship of each other. But I believe that deep down in our hearts, the love for EOS still exists.
Now, I sincerely invite you to return to the EOS RAM Chinese community. This is a vibrant and creative place where a group of like-minded people who love EOS gather together. Here, we can discuss the latest technology trends, share our insights and experiences, and work together to contribute to the development of EOS.
Time flies, and we have witnessed the prosperity and vitality of the EOS community. In that passionate and creative moment, we explored the infinite possibilities of the digital world together and left many precious memories.
However, as time goes by, we may drift apart, and the busy life makes us neglect the enthusiasm and companionship of each other. But I believe that deep down in our hearts, the love for EOS still exists.
Now, I sincerely invite you to return to the EOS RAM Chinese community. This is a vibrant and creative place where a group of like-minded people who love EOS gather together. Here, we can discuss the latest technology trends, share our insights and experiences, and work together to contribute to the development of EOS.
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New beginning!
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Crypto Intelligence
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The Biggest ‘Community Takeover’: How EOS Is Reinventing Itself Under the ENF
The crypto space is all about decentralization, self-sovereignty and privacy, but it’s quite rare to see projects really follow this ethos. Bitcoin and Ethereum are unquestionably decentralized, but outside of those, most projects are managed more like Silicon Valley startups than decentralized communities. There is an exception: EOS, the startup turned decentralized community project.
EOS was once considered the blockchain most likely to challenge Ethereum’s dominance. Built on solid technology and designed by visionaries in the Blockchain space, it was hailed as the original “Ethereum Killer.”
Initially, the project enjoyed immense success, becoming the most successful ICO of all time in 2018, raising over $4 billion. But it was unable to adapt to the bear market and saw its market share quickly drop to near irrelevancy — so much that by the time we found real use cases for smart contracts, it was already too late.
The protocol had originally outlined ambitious goals, including the capacity to process 1 million transactions per second and hosting 1000 dApps. Unfortunately, by the end of 2019, none of these promises had been fulfilled. While chasing for greatness, Block.One, the company developing EOS, failed to make the network competitive in that state of the market, and gradually abandoned the project.
Block.One launched several spin-off projects, most notably Voice, a blockchain-based social media network, and Bullish, a centralized exchange. While Voice relied on EOS technology, it did not use the network as it existed. It was pretty clear that the company did not care about EOS and its community, and mostly coasted on the huge amount of cash it had raised prior.
With tensions reaching a boiling point, the users and backers who had believed and invested in the project decided to take action. They founded the EOS Network Foundation (ENF), a non-profit organization aimed at addressing Block.one’s mismanagement and providing financial and non-financial support to EOS.
In December 2021, under the leadership of Yves La Rose, the ENF officially severed ties with Block.one, booting its remaining EOS share and transferring $6.5 million worth of tokens to the ENF’s official account to ensure the future development of EOS.
EOS EVM
During the Block.one era, EOS was recognized for its immense technical potential, earning the nickname “Ethereum on Steroids” from its enthusiastic supporters. But one of the biggest obstacles to adoption was the EOS development experience, which simply lacked the variety of tools and existing developers to make it self-sufficient.
Under the new community leadership, EOS quickly pivoted to offering its own EVM protocol, which is deployed as a regular smart contract on the EOS blockchain. The latest version is EOS EVM v0.6.0, which provides EOS USDT as a native token and facilitates cross-chain trading and “bridge messages” between the EVM and the regular EOS VM.
The EOS EVM is exceptionally fast and provides full support with other Ethereum-based contracts, which makes it possible to run complex apps like order book exchanges.
The ENF is making concerted efforts to incentivize programmers to develop on EOS with financial and strategic support though its ENF Grant Framework, Pomelo, and EOS Network Ventures.
With that said, the EVM is a “bare-minimum” implementation of a viable blockchain today. While EOS brings interesting innovations to the EVM space, it’s difficult to stand out now. But there are other ways to use the efficiency of EOS.
EOS’ commitment to Bitcoin
Bitcoin is seeing a bit of a renaissance as Ordinals NFTs and Layer-2 solutions are starting to see some interest and traction. The benefit is that it would unlock the hundreds of billions in BTC currently not doing much of anything on the Bitcoin blockchain.
EOS has recently launched exSat, which acts as an extra layer to connect Bitcoin with EOS by using EOS’s memory (RAM) and to store Bitcoin data. This includes all kinds of information from Bitcoin, like transaction records and Ordinals NFT data.
The network is pushing hard on exSat, planning on using up to 50% of its total memory (RAM) for it. It has also recently amended its tokenomics in part to make this possible, dedicating 350M EOS ($283M) for growing the liquidity of its native RAM market and thus expanding the throughput of the network.
Other planned changes include fixing the token supply to a maximum of 2.1 billion tokens released in regular halving cycles, which is something that Bitcoin fans might find familiar.
Years of EOS development and adaptation to the current market might finally pay off. The performance of the network enables it to become an infrastructure backbone of the space, giving computing resources to projects that need it.
The story of EOS is a curious demonstration that a rough start must not necessarily lead to defeat, as long as there’s someone who’s not giving up. The strength of the community is everything, and sometimes it might lead to projects taking their own life, rejecting their original creators. For an industry as misunderstood as crypto, being resilient and decentralized might just be the only way to thrive over a very long term, and the EOS community is certainly strong on those fronts.
EOS was once considered the blockchain most likely to challenge Ethereum’s dominance. Built on solid technology and designed by visionaries in the Blockchain space, it was hailed as the original “Ethereum Killer.”
Initially, the project enjoyed immense success, becoming the most successful ICO of all time in 2018, raising over $4 billion. But it was unable to adapt to the bear market and saw its market share quickly drop to near irrelevancy — so much that by the time we found real use cases for smart contracts, it was already too late.
The protocol had originally outlined ambitious goals, including the capacity to process 1 million transactions per second and hosting 1000 dApps. Unfortunately, by the end of 2019, none of these promises had been fulfilled. While chasing for greatness, Block.One, the company developing EOS, failed to make the network competitive in that state of the market, and gradually abandoned the project.
Block.One launched several spin-off projects, most notably Voice, a blockchain-based social media network, and Bullish, a centralized exchange. While Voice relied on EOS technology, it did not use the network as it existed. It was pretty clear that the company did not care about EOS and its community, and mostly coasted on the huge amount of cash it had raised prior.
With tensions reaching a boiling point, the users and backers who had believed and invested in the project decided to take action. They founded the EOS Network Foundation (ENF), a non-profit organization aimed at addressing Block.one’s mismanagement and providing financial and non-financial support to EOS.
In December 2021, under the leadership of Yves La Rose, the ENF officially severed ties with Block.one, booting its remaining EOS share and transferring $6.5 million worth of tokens to the ENF’s official account to ensure the future development of EOS.
EOS EVM
During the Block.one era, EOS was recognized for its immense technical potential, earning the nickname “Ethereum on Steroids” from its enthusiastic supporters. But one of the biggest obstacles to adoption was the EOS development experience, which simply lacked the variety of tools and existing developers to make it self-sufficient.
Under the new community leadership, EOS quickly pivoted to offering its own EVM protocol, which is deployed as a regular smart contract on the EOS blockchain. The latest version is EOS EVM v0.6.0, which provides EOS USDT as a native token and facilitates cross-chain trading and “bridge messages” between the EVM and the regular EOS VM.
The EOS EVM is exceptionally fast and provides full support with other Ethereum-based contracts, which makes it possible to run complex apps like order book exchanges.
The ENF is making concerted efforts to incentivize programmers to develop on EOS with financial and strategic support though its ENF Grant Framework, Pomelo, and EOS Network Ventures.
With that said, the EVM is a “bare-minimum” implementation of a viable blockchain today. While EOS brings interesting innovations to the EVM space, it’s difficult to stand out now. But there are other ways to use the efficiency of EOS.
EOS’ commitment to Bitcoin
Bitcoin is seeing a bit of a renaissance as Ordinals NFTs and Layer-2 solutions are starting to see some interest and traction. The benefit is that it would unlock the hundreds of billions in BTC currently not doing much of anything on the Bitcoin blockchain.
EOS has recently launched exSat, which acts as an extra layer to connect Bitcoin with EOS by using EOS’s memory (RAM) and to store Bitcoin data. This includes all kinds of information from Bitcoin, like transaction records and Ordinals NFT data.
The network is pushing hard on exSat, planning on using up to 50% of its total memory (RAM) for it. It has also recently amended its tokenomics in part to make this possible, dedicating 350M EOS ($283M) for growing the liquidity of its native RAM market and thus expanding the throughput of the network.
Other planned changes include fixing the token supply to a maximum of 2.1 billion tokens released in regular halving cycles, which is something that Bitcoin fans might find familiar.
Years of EOS development and adaptation to the current market might finally pay off. The performance of the network enables it to become an infrastructure backbone of the space, giving computing resources to projects that need it.
The story of EOS is a curious demonstration that a rough start must not necessarily lead to defeat, as long as there’s someone who’s not giving up. The strength of the community is everything, and sometimes it might lead to projects taking their own life, rejecting their original creators. For an industry as misunderstood as crypto, being resilient and decentralized might just be the only way to thrive over a very long term, and the EOS community is certainly strong on those fronts.
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#EOS
Want to invest in EOS RAM (currently RAM pool only accounts for 2% of EOS circulation, there is a lot of room for appreciation), want to get stable income from EOS REX (on-chain annualized rate is as high as 30% or more). Which coin in the entire currency circle has such a good choice? The key is that the current EOS price is still seriously underestimated!
Want to invest in EOS RAM (currently RAM pool only accounts for 2% of EOS circulation, there is a lot of room for appreciation), want to get stable income from EOS REX (on-chain annualized rate is as high as 30% or more). Which coin in the entire currency circle has such a good choice? The key is that the current EOS price is still seriously underestimated!
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Due to the recent popularity of EOS RAM, the interest rate on EOS chain is too high. If you have idle EOS, you can deposit it into BOX lending, and the current interest rate is 60% annualized! If you are optimistic about EOS and hold it, depositing it in BOX lending agreement is a good choice.
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Recently, EOS RAM hit a high and then fell back, which made many new players a little panicked. In my opinion, the fundamentals of EOS RAM's rise have not changed. The high rise and fall back are normal market phenomena. Secondly, the high interest rate of EOS lending on the EOS chain has also caused some players who previously borrowed EOS to buy RAM to exit the market. All EOS RAM transactions are transparent and can be checked!
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Unlocking the potential for EOS RAM market to grow 25 times
The EOS network’s RAM market has performed well this year and has the potential to continue to grow based on three key factors:
Supply Shock: EOS block producers (BPs) made a critical decision to stop the inflation of RAM supply with each new block. In any market, price is driven by the balance of supply and demand. By eliminating the constant influx of new RAM, BPs essentially set the market up for a rally. This change was recognized by many savvy players who understood the impact of the price increase.
External Demand Injection: The recent tokenomics proposal by the EOS Network Foundation (ENF), which has now been approved, has injected a significant amount of capital (estimated to be eight figures in USD) into the RAM market. This has created a strong wave of external demand, further supporting and boosting the RAM price.
Supply Shock: EOS block producers (BPs) made a critical decision to stop the inflation of RAM supply with each new block. In any market, price is driven by the balance of supply and demand. By eliminating the constant influx of new RAM, BPs essentially set the market up for a rally. This change was recognized by many savvy players who understood the impact of the price increase.
External Demand Injection: The recent tokenomics proposal by the EOS Network Foundation (ENF), which has now been approved, has injected a significant amount of capital (estimated to be eight figures in USD) into the RAM market. This has created a strong wave of external demand, further supporting and boosting the RAM price.
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EOS has not died even after suffering the devastating disaster of “the project owner ran away”. There are still so many individuals and groups building the ecosystem for EOS. As a long-term holder of EOS, what reason do you have not to be optimistic about EOS and EOS RAM in 2024!
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$BTC $ETH $EOS #EOSRAM
Why so-called "fools" may indeed be more likely to get rich than "smart people" in some cases? Here are some possible reasons:
1. Simple thinking, decisive action:
Fools tend not to analyze and think about complex details too much, and they prefer to act directly. This decisive action allows them to seize opportunities quickly without missing out on opportunities due to over-analysis.
2. Fearless of risk:
Fools may not understand and perceive risks as well as smart people, so they are more likely to take bold actions. Sometimes, this fearlessness can bring high returns because they dare to enter areas that smart people may avoid.
3. Perseverance:
Fools may not be easily defeated by failure. They tend to keep trying until they succeed. Smart people may reevaluate and change direction when they encounter difficulties, resulting in missing some opportunities that can be obtained by persistence.
4. Social skills: Some so-called "fools" may have strong social skills. They are able to build good relationships with all kinds of people and gain support from their connections. In the business world, relationships and networks are often more important than pure intelligence.
5. Focus: Fools may be more likely to focus on one area or one project without being distracted by other potential opportunities or distractions. This focus can lead to deep expertise and continuous improvement, which leads to success.
6. Not bound by traditional thinking: Fools are less likely to be bound by traditional thinking patterns or rules. They may take unconventional methods and paths to find innovative business models or market opportunities. "Fools" look at things without prejudice. Even if they step on the same road and fail, they will continue to try.
7. Blessing of luck: Sometimes, success requires a certain amount of luck. As the old saying goes, fools have foolish luck. Fools may accidentally choose the right time and place to enter a fast-growing industry or market, thereby achieving rapid wealth.
Think carefully, is the RAM community growing stronger and stronger with the persistence of a group of "fools"? The RAM community will become the greatest community in the cryptocurrency circle. RAM will become the most valuable investment in the future.
Why so-called "fools" may indeed be more likely to get rich than "smart people" in some cases? Here are some possible reasons:
1. Simple thinking, decisive action:
Fools tend not to analyze and think about complex details too much, and they prefer to act directly. This decisive action allows them to seize opportunities quickly without missing out on opportunities due to over-analysis.
2. Fearless of risk:
Fools may not understand and perceive risks as well as smart people, so they are more likely to take bold actions. Sometimes, this fearlessness can bring high returns because they dare to enter areas that smart people may avoid.
3. Perseverance:
Fools may not be easily defeated by failure. They tend to keep trying until they succeed. Smart people may reevaluate and change direction when they encounter difficulties, resulting in missing some opportunities that can be obtained by persistence.
4. Social skills: Some so-called "fools" may have strong social skills. They are able to build good relationships with all kinds of people and gain support from their connections. In the business world, relationships and networks are often more important than pure intelligence.
5. Focus: Fools may be more likely to focus on one area or one project without being distracted by other potential opportunities or distractions. This focus can lead to deep expertise and continuous improvement, which leads to success.
6. Not bound by traditional thinking: Fools are less likely to be bound by traditional thinking patterns or rules. They may take unconventional methods and paths to find innovative business models or market opportunities. "Fools" look at things without prejudice. Even if they step on the same road and fail, they will continue to try.
7. Blessing of luck: Sometimes, success requires a certain amount of luck. As the old saying goes, fools have foolish luck. Fools may accidentally choose the right time and place to enter a fast-growing industry or market, thereby achieving rapid wealth.
Think carefully, is the RAM community growing stronger and stronger with the persistence of a group of "fools"? The RAM community will become the greatest community in the cryptocurrency circle. RAM will become the most valuable investment in the future.
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$BTC $ETH $EOS
The former "top streamer" started a new business: EOS still has the potential to reach the top again
The genius founder, $4 billion crowdfunding, and the super node election with a luxurious lineup under the huge community scale... At the beginning of its birth, EOS's high community popularity and outstanding technical advantages have amazed countless people. Since it can be regarded as the "top stream" in the past, it proves that EOS itself has the characteristics of becoming a top stream:
On the one hand, the popularity of the past has helped EOS complete rounds of solid user awareness education, and also given the EOS project a strong passerby plate;
On the other hand, EOS technology is still in the forefront. The advantages of the entire EOS architecture have always been obvious, with low transaction costs, high performance, low latency and smooth experience. It has been operating stably for 6 years without any major accidents. It has many years of stable operation experience, which is very valuable for the development of a public chain. It is also very important for carrying hundreds of millions of users and supporting the stable and smooth operation of dApp.
And under the efforts of a number of entities such as the EOS Network Foundation, EOS Labs, and ENV, with the implementation of various ecological support measures and the deployment of a new token economic model, the EOS ecosystem is about to have a second life: the popularity of EOS RAM is a strong proof of this trend, and the emergence of exSat also introduces infinite reverie for the future development of EOS.
It is true that the EOS ecosystem has experienced many twists and turns since the official launch of the mainnet in 2018, but the community's tenacious vitality and strong cohesion still support the continuous development of EOS. In the future, EOS ecosystem-related work will continue to advance at a high speed, and we look forward to EOS opening the next chapter of vigorous development.
The former "top streamer" started a new business: EOS still has the potential to reach the top again
The genius founder, $4 billion crowdfunding, and the super node election with a luxurious lineup under the huge community scale... At the beginning of its birth, EOS's high community popularity and outstanding technical advantages have amazed countless people. Since it can be regarded as the "top stream" in the past, it proves that EOS itself has the characteristics of becoming a top stream:
On the one hand, the popularity of the past has helped EOS complete rounds of solid user awareness education, and also given the EOS project a strong passerby plate;
On the other hand, EOS technology is still in the forefront. The advantages of the entire EOS architecture have always been obvious, with low transaction costs, high performance, low latency and smooth experience. It has been operating stably for 6 years without any major accidents. It has many years of stable operation experience, which is very valuable for the development of a public chain. It is also very important for carrying hundreds of millions of users and supporting the stable and smooth operation of dApp.
And under the efforts of a number of entities such as the EOS Network Foundation, EOS Labs, and ENV, with the implementation of various ecological support measures and the deployment of a new token economic model, the EOS ecosystem is about to have a second life: the popularity of EOS RAM is a strong proof of this trend, and the emergence of exSat also introduces infinite reverie for the future development of EOS.
It is true that the EOS ecosystem has experienced many twists and turns since the official launch of the mainnet in 2018, but the community's tenacious vitality and strong cohesion still support the continuous development of EOS. In the future, EOS ecosystem-related work will continue to advance at a high speed, and we look forward to EOS opening the next chapter of vigorous development.
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$BTC $ETH $BNB
EOS Network Foundation leads the way, more initiatives empower ecological development
As a collaboration, decision-making and information sharing platform for the EOS ecosystem, the EOS Foundation will strive to listen to the voice of the community, support high-quality community projects, and provide future planning, funding and sponsorship, and key infrastructure support for the EOS ecosystem. Previous efforts made by the EOS Network Foundation include:
1. Continuous performance optimization. The EOS Network Foundation strengthens the construction of EOS infrastructure and effectively helps developers to enter the EOS network for development and construction more simply and comfortably. At present, the EOS Network Foundation has established nine core working groups, including Core+, API+, and Wallet+, to improve infrastructure from different angles such as performance, API, and wallets, and make up for the shortcomings of ecological development.
2. EVM compatibility: Promote EOS to open the door to the wider Ethereum and even EVM ecosystem. Yves La Rose, CEO of the EOS Foundation, said on social media that EOS's EVM is the most powerful EVM to date, with performance 25 times that of Avax and 3 times that of Solana, and it also has Ethereum-level security and reliability.
3. Ensure security. EOS itself is an old public chain that has been operating stably for 5 years, so the security of EOS is not comparable to other emerging public chains. In addition, the EOS Network Foundation has also established two major working groups, Audit and Recover+. The former is responsible for auditing, and the latter responds to hacker crisis events to further protect security.
Of course, in addition to this, the EOS Network Foundation has also promoted the birth of other ecological organizations, such as the establishment of EOS Network Venture Capital (ENV) and EOS Labs. The three jointly serve the EOS network but have different tasks and complement each other, and are jointly committed to the development of the EOS ecosystem.
The EOS Network Foundation is a non-profit organization whose mission is to enable enterprises, developers and individuals to build on the EOS network. It is responsible for the maintenance and development of the EOS software stack, represents the network through ecosystem information materials, and provides funding for public goods within the ecosystem.
ENV will complement the work of ENF as an independent for-profit entity that is able to promote partnerships and attract external capital to invest in projects that benefit the EOS ecosystem while generating profits for the network.Previously, ENV launched a $100 million EOS ecosystem fund to empower Web3 entrepreneurs.
EOS Labs aims to become an incubator to enhance the competitiveness of the EOS ecosystem. EOS Labs' responsibilities focus more on incubation and research, while ENV's responsibilities focus more on investment. Previously, EOS Labs teamed up with NFT platform UBOX.io to launch the UB ChainPass program. The first project of the program was the EOS Landmark NFT jointly issued with EOS Labs - the first NFT with storage value. Each NFT has a corresponding face value of EOS as a value anchor and can be 100% redeemed at any time.
Faced with the brand-new EOS ecosystem, many people have changed their attitude towards the future development of EOS: getting rid of the inflationary economic model reform, coupled with the multi-pronged ecological construction, this round of bull market may be a huge opportunity for EOS to overtake on the curve.
EOS Network Foundation leads the way, more initiatives empower ecological development
As a collaboration, decision-making and information sharing platform for the EOS ecosystem, the EOS Foundation will strive to listen to the voice of the community, support high-quality community projects, and provide future planning, funding and sponsorship, and key infrastructure support for the EOS ecosystem. Previous efforts made by the EOS Network Foundation include:
1. Continuous performance optimization. The EOS Network Foundation strengthens the construction of EOS infrastructure and effectively helps developers to enter the EOS network for development and construction more simply and comfortably. At present, the EOS Network Foundation has established nine core working groups, including Core+, API+, and Wallet+, to improve infrastructure from different angles such as performance, API, and wallets, and make up for the shortcomings of ecological development.
2. EVM compatibility: Promote EOS to open the door to the wider Ethereum and even EVM ecosystem. Yves La Rose, CEO of the EOS Foundation, said on social media that EOS's EVM is the most powerful EVM to date, with performance 25 times that of Avax and 3 times that of Solana, and it also has Ethereum-level security and reliability.
3. Ensure security. EOS itself is an old public chain that has been operating stably for 5 years, so the security of EOS is not comparable to other emerging public chains. In addition, the EOS Network Foundation has also established two major working groups, Audit and Recover+. The former is responsible for auditing, and the latter responds to hacker crisis events to further protect security.
Of course, in addition to this, the EOS Network Foundation has also promoted the birth of other ecological organizations, such as the establishment of EOS Network Venture Capital (ENV) and EOS Labs. The three jointly serve the EOS network but have different tasks and complement each other, and are jointly committed to the development of the EOS ecosystem.
The EOS Network Foundation is a non-profit organization whose mission is to enable enterprises, developers and individuals to build on the EOS network. It is responsible for the maintenance and development of the EOS software stack, represents the network through ecosystem information materials, and provides funding for public goods within the ecosystem.
ENV will complement the work of ENF as an independent for-profit entity that is able to promote partnerships and attract external capital to invest in projects that benefit the EOS ecosystem while generating profits for the network.Previously, ENV launched a $100 million EOS ecosystem fund to empower Web3 entrepreneurs.
EOS Labs aims to become an incubator to enhance the competitiveness of the EOS ecosystem. EOS Labs' responsibilities focus more on incubation and research, while ENV's responsibilities focus more on investment. Previously, EOS Labs teamed up with NFT platform UBOX.io to launch the UB ChainPass program. The first project of the program was the EOS Landmark NFT jointly issued with EOS Labs - the first NFT with storage value. Each NFT has a corresponding face value of EOS as a value anchor and can be 100% redeemed at any time.
Faced with the brand-new EOS ecosystem, many people have changed their attitude towards the future development of EOS: getting rid of the inflationary economic model reform, coupled with the multi-pronged ecological construction, this round of bull market may be a huge opportunity for EOS to overtake on the curve.
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$BTC $ETH $BNB
exSat’s technology stack combines multiple consensus mechanisms, including PoW for BTC miners, PoS for BTC staking validators, and the DPoS data consensus extension protocol powered by EOS. The platform takes advantage of EOS block space to enable on-chain storage of block data.
EOS RAM also plays an important role in the parsing and storage of relevant data. All of this is happening at a time when RAM is becoming increasingly popular as an important utility for Web3 developers. Because RAM is actual physical RAM, deeply embedded in the computer, it can achieve multi-layer indexing.
exSat’s system has validators or synchronizers who work together to create the trust and robustness of POW, and we use real Bitcoin miners to achieve this. If a miner has produced a block in the past 72 hours, they can push that information to our validators. The validators run the POS mechanism, verify that the information they receive from the actual miners is correct, and then write the data to RAM on EOS. The result of this is that we have access to the full UTXO data, which is about 60 GB of data, which is very expensive to write and access on other chains, but because exSat is backed by EOS, this can be extremely cost-effective and scalable.
exSat has synchronizers pushing data, validators have an incentive to read the data and ensure the data is correct, they need to wait for six confirmations or about an hour, and validators also need to stake Bitcoin and store it in an insured custodian. Then exSat mints wrapped Bitcoin for governance, users can deposit Bitcoin, and validators can choose to grant credit immediately and charge a small fee, or wait an hour and then wait for six Bitcoin confirmations. This way users can use their Bitcoin on a scalable solution and start interacting with applications, DeFi, etc.
In the future, exSat's solution will be open to other second-layer networks. Most second-layer networks are very expensive to generate their own index data, and exSat makes this data open to everyone. Anyone can use exSat's EVM smart contract to access UTXO data.
exSat is another example of EOS performance and scalability following platforms such as EOS EVM and EOS Stablecoin Chain (ESCC). This demonstrates the tremendous flexibility and performance provided by EOS, and introduces unlimited imagination for the subsequent development of the EOS ecosystem.
EOS Network Foundation leads the way, and more initiatives empower ecological development
exSat’s technology stack combines multiple consensus mechanisms, including PoW for BTC miners, PoS for BTC staking validators, and the DPoS data consensus extension protocol powered by EOS. The platform takes advantage of EOS block space to enable on-chain storage of block data.
EOS RAM also plays an important role in the parsing and storage of relevant data. All of this is happening at a time when RAM is becoming increasingly popular as an important utility for Web3 developers. Because RAM is actual physical RAM, deeply embedded in the computer, it can achieve multi-layer indexing.
exSat’s system has validators or synchronizers who work together to create the trust and robustness of POW, and we use real Bitcoin miners to achieve this. If a miner has produced a block in the past 72 hours, they can push that information to our validators. The validators run the POS mechanism, verify that the information they receive from the actual miners is correct, and then write the data to RAM on EOS. The result of this is that we have access to the full UTXO data, which is about 60 GB of data, which is very expensive to write and access on other chains, but because exSat is backed by EOS, this can be extremely cost-effective and scalable.
exSat has synchronizers pushing data, validators have an incentive to read the data and ensure the data is correct, they need to wait for six confirmations or about an hour, and validators also need to stake Bitcoin and store it in an insured custodian. Then exSat mints wrapped Bitcoin for governance, users can deposit Bitcoin, and validators can choose to grant credit immediately and charge a small fee, or wait an hour and then wait for six Bitcoin confirmations. This way users can use their Bitcoin on a scalable solution and start interacting with applications, DeFi, etc.
In the future, exSat's solution will be open to other second-layer networks. Most second-layer networks are very expensive to generate their own index data, and exSat makes this data open to everyone. Anyone can use exSat's EVM smart contract to access UTXO data.
exSat is another example of EOS performance and scalability following platforms such as EOS EVM and EOS Stablecoin Chain (ESCC). This demonstrates the tremendous flexibility and performance provided by EOS, and introduces unlimited imagination for the subsequent development of the EOS ecosystem.
EOS Network Foundation leads the way, and more initiatives empower ecological development
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$BTC $ETH $BNB
A recent project that has attracted a lot of attention is exSat.
We know that the Bitcoin ecosystem has experienced unprecedented explosive growth in the past year: from the inscriptions of all people to the continued popularity of Bitcoin NFT, Bitcoin, which was originally only used as a value storage and exchange, can also be used as a place for asset issuance, which greatly broadens the use scenarios of Bitcoin and makes more people have higher expectations for the Bitcoin ecosystem.
Because as one of the earliest blockchain projects, Bitcoin has unique advantages in ecological development:
Leading decentralization and security advantages: Bitcoin is driven by the community and has been tested for more than ten years of stable operation.
Unique market consensus: Bitcoin has the highest popularity and recognition in the hearts of the global public and investors.
Large amount of funds: The current market value of Bitcoin has reached 1.2 trillion US dollars, accounting for about 50% of the market value of the crypto market.
High community enthusiasm: The popularity of inscriptions and runes shows the great enthusiasm of users and communities to participate in the Bitcoin ecosystem.
Good market expectations: Bitcoin halving, Bitcoin spot ETF approved, Bitcoin price hits a new record high.
The high participation under high expectations soon overwhelmed the Bitcoin ecosystem. In short, the performance of the Bitcoin network severely restricted the development of the Bitcoin ecosystem.
Slow transaction speed: only about 3-7 transactions can be processed per second.
High transaction fees: users need to pay higher fees during peak transaction periods.
Long transaction confirmation time: In order to ensure that the transaction is confirmed by the network, users usually need an hour or more.
Scalability limitations: only supports 4MB of content space.
To support a richer ecosystem, Bitcoin's current performance is obviously not enough. Ethereum founder Vitalik once publicly stated that Bitcoin has the potential to surpass its current role as a payment system, and to achieve this goal, more expansion solutions need to be implemented. Bitcoin Layer2 is widely regarded as the only way to build a prosperous Bitcoin ecosystem.
exSat is a docking layer designed to bridge the gap between the Bitcoin native layer and the many Layer 2 expansion solutions of the Bitcoin ecosystem. exSat brings together multiple blockchain technologies to create a powerful solution that overcomes many of the current challenges in improving Bitcoin’s scalability, and EOS will play a key role in this vision.
A recent project that has attracted a lot of attention is exSat.
We know that the Bitcoin ecosystem has experienced unprecedented explosive growth in the past year: from the inscriptions of all people to the continued popularity of Bitcoin NFT, Bitcoin, which was originally only used as a value storage and exchange, can also be used as a place for asset issuance, which greatly broadens the use scenarios of Bitcoin and makes more people have higher expectations for the Bitcoin ecosystem.
Because as one of the earliest blockchain projects, Bitcoin has unique advantages in ecological development:
Leading decentralization and security advantages: Bitcoin is driven by the community and has been tested for more than ten years of stable operation.
Unique market consensus: Bitcoin has the highest popularity and recognition in the hearts of the global public and investors.
Large amount of funds: The current market value of Bitcoin has reached 1.2 trillion US dollars, accounting for about 50% of the market value of the crypto market.
High community enthusiasm: The popularity of inscriptions and runes shows the great enthusiasm of users and communities to participate in the Bitcoin ecosystem.
Good market expectations: Bitcoin halving, Bitcoin spot ETF approved, Bitcoin price hits a new record high.
The high participation under high expectations soon overwhelmed the Bitcoin ecosystem. In short, the performance of the Bitcoin network severely restricted the development of the Bitcoin ecosystem.
Slow transaction speed: only about 3-7 transactions can be processed per second.
High transaction fees: users need to pay higher fees during peak transaction periods.
Long transaction confirmation time: In order to ensure that the transaction is confirmed by the network, users usually need an hour or more.
Scalability limitations: only supports 4MB of content space.
To support a richer ecosystem, Bitcoin's current performance is obviously not enough. Ethereum founder Vitalik once publicly stated that Bitcoin has the potential to surpass its current role as a payment system, and to achieve this goal, more expansion solutions need to be implemented. Bitcoin Layer2 is widely regarded as the only way to build a prosperous Bitcoin ecosystem.
exSat is a docking layer designed to bridge the gap between the Bitcoin native layer and the many Layer 2 expansion solutions of the Bitcoin ecosystem. exSat brings together multiple blockchain technologies to create a powerful solution that overcomes many of the current challenges in improving Bitcoin’s scalability, and EOS will play a key role in this vision.
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EOS ecosystem tends to be richer: RAM continues to be hot, exSat emerges
Speaking of the ecosystem, the most eye-catching EOS at present is EOS RAM and exSat.
EOS RAM is a resource on the EOS blockchain that is used to store smart contracts, account data and other blockchain-related information. In the EOS blockchain, RAM is a limited resource, so its supply is limited and needs to be obtained by purchase or lease. The price of RAM fluctuates according to market demand and supply, so the use of RAM on the EOS network needs to consider its cost and usage.
On December 17, 2023, the EOS ecosystem decided to stop RAM inflation on EOS, and the overall RAM was fixed at 390 GB. As a rigid consumable of the EOS ecosystem, the scarcity of EOA RAM has further increased, and a wave of RAM investment has been set off in the EOS ecosystem. The price of RAM once soared six times from its historical low.
As EOS RAM properties become closer to real-world land resources and can be traded freely like real estate, the role EOS RAM plays in the ecosystem and its role in promoting ecological diversification are becoming increasingly prominent.
For example, Upland, a well-known dApp on EOS, uses 6.7 GB to maintain its operation. The extensive use of Upland and similar dApps further amplifies the demand for RAM and strengthens the key role of RAM in the seamless functionality and expansion of the EOS network and dApps.
Another example is that NFTs on EOS EVM are becoming important RAM consumers. While these formats support a wide range of digital assets from unique collectibles to multi-purpose tokens, their operational efficiency still requires a large amount of RAM.
In order to better support the development of the ecosystem, the EOS Network Foundation has also launched a series of initiatives: on the one hand, EOS announced the launch of packaged RAM (WRAM) to improve the tradability of the asset; on the other hand, it made major updates to the RAM system, with features including transferable RAM, RAM logging and notifications, secure purchase of RAM through Buy RAM for Self, RAM tokenization on EOS, etc., further enhancing the flexibility, efficiency and overall practicality of EOS RAM.
EOS ecosystem tends to be richer: RAM continues to be hot, exSat emerges
Speaking of the ecosystem, the most eye-catching EOS at present is EOS RAM and exSat.
EOS RAM is a resource on the EOS blockchain that is used to store smart contracts, account data and other blockchain-related information. In the EOS blockchain, RAM is a limited resource, so its supply is limited and needs to be obtained by purchase or lease. The price of RAM fluctuates according to market demand and supply, so the use of RAM on the EOS network needs to consider its cost and usage.
On December 17, 2023, the EOS ecosystem decided to stop RAM inflation on EOS, and the overall RAM was fixed at 390 GB. As a rigid consumable of the EOS ecosystem, the scarcity of EOA RAM has further increased, and a wave of RAM investment has been set off in the EOS ecosystem. The price of RAM once soared six times from its historical low.
As EOS RAM properties become closer to real-world land resources and can be traded freely like real estate, the role EOS RAM plays in the ecosystem and its role in promoting ecological diversification are becoming increasingly prominent.
For example, Upland, a well-known dApp on EOS, uses 6.7 GB to maintain its operation. The extensive use of Upland and similar dApps further amplifies the demand for RAM and strengthens the key role of RAM in the seamless functionality and expansion of the EOS network and dApps.
Another example is that NFTs on EOS EVM are becoming important RAM consumers. While these formats support a wide range of digital assets from unique collectibles to multi-purpose tokens, their operational efficiency still requires a large amount of RAM.
In order to better support the development of the ecosystem, the EOS Network Foundation has also launched a series of initiatives: on the one hand, EOS announced the launch of packaged RAM (WRAM) to improve the tradability of the asset; on the other hand, it made major updates to the RAM system, with features including transferable RAM, RAM logging and notifications, secure purchase of RAM through Buy RAM for Self, RAM tokenization on EOS, etc., further enhancing the flexibility, efficiency and overall practicality of EOS RAM.