One of the main problems that the EOS Ecosystem is facing right now is the immense cost of RAM (the price of 1 MB of RAM now equals 58 EOS) which hugely limits the capabilities of dApp developers and, therefore, slows down the mass adoption of EOS overall. LiquidEOS is offering a solution to the problem by introducing vRAM. vRAM aims to enable off-chain processing with on-chain validation.
vRAM is an alternative solution for storing data for EOS dApp developers. Potentially, it allows to store and retrieve an unlimited amount of data while using RAM as cache memory. The mechanism of loading data from vRAM to the RAM is implemented in a trustless and decentralized fashion through the DAPP Token.
vRAM will be provided by DSP’s (dApp Service Providers). DSP’s are the nodes that store the data previously stored in the EOS RAM. The volume of storage is calculated in vRAM and can be purchased by staking a corresponding amount of DAPP Tokens.
Furthermore, vRAM could be utilized as the interblockchain memory. By passing vRAM data pointers (e.g. IPFS pointers) between chains, they will be available to DSPs in more than one chain. This way, once IBC (Inter-Blockchain Communication) is available, the vRAM System will allow infinite ‘IBC bandwidth’ in addition to its core functionalities.
The initial supply of the DAPP Token is 1,000,000,000 (1 billion), 50% of which will be sold at the auction similar to the EOS one. The sale will be arranged in 444 cycles over 333 days with each cycle offering a total amount of 1,126,126 DAPP Tokens.
Below is the example taken from the White Paper:
Cycle Quota: 1,126,126 DAPP Tokens Total EOS received in that cycle: 10,000 EOS Participant A sent an amount of 1,000 EOS, meaning at the end of the cycle he received 1,000/10,000*1,126,126 = 126,126.1 DAPP Tokens
DSP’s will receive a portion of the annual inflation comprising for roughly 1–5%.
To find out more about DAPP Token visit https://www.liquidapps.io
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