EOS recently implemented a significant RAM system update with the upgrade of System Agreement v3.3.0. These groundbreaking upgrades will result in a flexible, efficient, and more usable EOS network that will create a whole new world for developers and users. This update is more dynamic and promotes creative applications and resource management that can create a thriving ecosystem that redefines the blockchain landscape.
Key features of EOS RAM upgrade
One of the most surprising features introduced in the upgrade is transferable RAM, which allows users to transfer RAM between accounts at no cost. This innovation addresses the need for flexible RAM management that allows users to efficiently allocate and reallocate resources based on their needs.
Key features of transferable RAM include no transfer fees, the ability to transfer only uncommitted RAM, the ability to notify both sender and receiver using require_recipient, and the ability to limit the memo field to 256 bytes to ensure clear communication between parties. It’s possible.
Besides that, the EOS ecosystem has another important addition called the RAM Utility app, which provides important features related to EOS RAM management. This means that users can now buy RAM from any account or sell RAM and transfer RAM to another account to get their EOS tokens back.
The new RAM logging and notification feature is integrated with inline operations to determine the number of bytes sent or received in RAM transactions. This means that the payer and recipient have accurate knowledge of specific transaction details. Smart contracts can use these notifications to enhance the functionality of the EOS network by enabling sophisticated contract interactions using actual RAM usage indicators.
Burn RAM, Buy RAM: Deliver performance to your users and increase security.
Currently, users can burn their account’s RAM by sending eosio.null. The sale will not affect the global quantity or market price of RAM tokens. This helps maintain market balance while allowing end users to manage their own assets.
Additionally, the buyramself operation enhances security during purchases for more user benefits than before. It also adds reliability to the system, preventing incorrect allocations. This action allows the web application to safely delegate, purchasing RAM on behalf of the account without potentially becoming an attack vector.
DefiLlama says that EOS RAM’s Total Value Locked (TVL) is now over $20 million. Including the unsold RAM on the other side of the Bancor Automated Market Maker (AMM) that actually powers the pool, the TVL is over $40 million.
RAM Tokenization on EOS
Another major upcoming project is RAM Tokenization, which aims to bring a certain level of flexibility in managing system RAM through tokenization. This approach not only makes RAM exchanges simpler, but also aligns RAM more closely with digital asset markets and offers new prospects for listing these tokens on centralized exchanges.
conclusion
EOS RAM has become the temporary backbone powering a series of pioneering, innovative apps. These updates are a huge step toward optimal resource management and utility within the changing EOS ecosystem. Fans of EOS are on the right track with this upgrade as they are likely to benefit from the various opportunities it offers.