Bitcoin, Crypto currency, Blockchain

EOS and the speculation to RAM

4827a08874e5e92b24456f9cb4c2387c - EOS and the speculation to RAM

One of the major tasks of the Blockchain-industry, it is, from the speculative in the application area. The current EOS-rate is clear evidence that the interest of speculators for EOS is still there. But how it looks with the scope? The RAM debate casts doubt on the applicability of the EOS-Blockchain.

In the Top 5 crypto-currencies of the characters are currently in the green. The prices of Bitcoin (BTC), Ethereum (ETH), Ripple (XRP) Bitcoin Cash (BCH) in the last 24 hours than in the last seven days, an increase. The Fifth in the League, EOS can have a positive increase. But from the looks of it, has EOS problems, from the speculative in the application phase.

EOS bold Claim: “Decentralize Everything”. Thus, the project around the company block wants is a platform for decentralized applications (dApps). In the White Paper from the year 2017 to language, especially to millions of users at the same time support, to have low latencies, and in particular to guarantee: a free use. (If you like Details, look here).

In this context, EOS New York stressed in a blog post under the section “financial independence”:

“We will keep to any time financial independence. This includes, no influence of investors on company level [ … ].“

Yet it is precisely the financial independence of investors is at risk at the moment – speculation with RAM.

What RAM is EOS?

EOS RAM is needed, especially from dAPP developers to store data on the Blockchain. The stock is limited. So there is on EOS 64 GiB of RAM (1 gibibyte = 1024*1024*1024 Bytes). Of 54,70 Give are currently reserved, the equivalent of 85 percent. You can buy this memory with the EOS on the EOS-Blockchain and can give it as free again, to get this EOS.

The Supply of RAM is managed by the Block producers. Depending on how high the Supply can change, thus also the price of RAM.

RAM Trading

With the acquisition of the EOS Token to get access to the resources of the network. If you want to bandwidth, or computing power, you have to accumulate, accordingly, a Token. With these you can allocate RAM. A course of action, and at the moment, many investors follow. Instead of needing the processing power actually, you are speculating that she is needed once and drive the prices for RAM in the height.

EOS New York spoke to this issue. Therefore, at least are counter-measures in the planning:

“Our RAM Policy is currently in development. EOS New York will not act in RAM to speculative reasons. We believe, to use the resources of the platform to beat, instead of profit from them. EOS New York will use RAM for development. Either for our own projects or for those we support.“

As can be seen in the current Situation, the Transition from the speculative in the application phase remains difficult. The announced already with the Start of the Mainnets – due to security gaps the EOS pushed-for the Team in the short term, to the rear. In addition, there were problems with the vote for the EOS-Constitution, as well as possible Phishing attacks we reported here in detail.

Nevertheless, The EOS-the course winds its way at the moment to the top. With a price of 7.70 Euro EOS remains the crypto-currency with the fifth-largest market capitalization. The RAM-rate is currently 0.71 EOS/KB – the speculation phase seems to still not have completed.

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