EOS Ram EOS Cpu EOS Net explained UPDATE

EOS Ram EOS Cpu EOS Net explained UPDATE on EOS ecosystem

Lawyers of Tomorrow Blockchain Explained
Stephen Turner Lawyers of Tomorrow

This video is an update to the video I did on EOS RAM System, Simple and Full Explanations https://www.youtube.com/watch?v=jG4SEs-3f_4&t=360s

In this video I bring you up-to-date on the latest EOS Ram EOS Cpu EOS Net / Bandwidth developments and we go in depth into how the proposed new EOS Cpu and EOS Net rental market will work. This would be a significant change to the EOS ecosystem and I think it would be a very positive one.

Here’s some useful INDEX LINKS to help you find your way around this video:

0:56 UPDATE on EOS blockchain activity
– EOS resources
– EOS transactions
– EOS CPU utilisation
– EOS Network usage
– EOS Dapp activity

3:45 EOS Ram EOS Cpu EOS Net explained (RECAP)
– What is EOS Cpu and how does EOS Cpu work?
– What is EOS bandwidth? We start with an EOS Ram simple explanation…
– Then we look at the overall EOS Ram model / EOS Ram system
– I explain how does EOS Ram works on a practical level and how is EOS Ram used by developers e.g. to store smart contracts

6:13 Why stake EOS? How to stake EOS? Staking is a vital security measure…

7:54 EOS Ram fees UPDATE – how EOS Ram prices have fallen and why

9:24 EOS Ram system configuration (system contract now approved by the block producers)

10:30 OVERVIEW of how EOS Dapp developers budget:
– EOS Ram
– EOS Cpu
– EOS Net / bandwidth

12:10 As a ‘none-heavy user’ (i.e. not a DAPP developer) how much of the system resources do I need?
– How much EOS Cpu (= approx 1 EOS token staked)
– How much EOS bandwidth (= approx 1 EOS token staked)
– How much EOS Ram (= approx 4KB of EOS Ram per account)

12:44 What about EOS Dapp developers / EOS Dapp fees?
– EOS Dapp cost?
– How much EOS CPU, EOS NET and EOS Ram will a Dapp need?
– How to calculate your EOS Dapp resource needs?

15:21 SIMPLE SUMMARY of proposal for EOS Cpu and EOS Net rental market

19:00 Analysis of current low voting levels and security implications for the EOS protocol

21:00 DETAILED ANALYSIS of proposed EOS Cpu EOS Net / bandwidth rental market as outlined in Dan Larimer’s medium article
– rationale for the REX (resource exchange)
– key features of the REX
– pricing
– anti-resource hoarding measures

27:21 How will the REX work?
– Staking EOS i.e. lending it to the REX
– What are REX tokens?
– What are SEOS tokens?
– Why will there be SEOS inflation?
– What is the rental period?
– Ending your lending arrangement with the REX

30:01 How to monitor the update to the EOS system contract?

31:30 ANALYSIS of proposal to remove 4% EOS token inflation for worker proposals

LINKS TO TOOLS MENTIONED IN THIS VIDEO:
Monitor EOS activity ranking http://blocktivity.info/
Monitor EOS transfers https://labs.eostitan.com/#/eos-transfers-summary
Monitor EOS transactions https://labs.eostitan.com/#/transactions-summary
Monitor EOS Ram increase https://www.eosrp.io/#
Monitor EOS Ram fees https://eos.feexplorer.io/
Monitor EOS Accounts e.g. Ram Fees account https://eosflare.io/account/eosio.ramfee
Calculate your EOS resource needs https://www.eosrp.io/#calc
Monitor voter engagement https://labs.eostitan.com/#/block-producers
Monitor system contract approvals https://eosauthority.com/approval/

How much resources will Dapp’s need? Discussion: https://github.com/EOSIO/eos/issues/4497

EOS Authority’s account notification feature https://eosauthority.com/alerts

Dan Larimer – EOS Resource Renting
https://medium.com/@bytemaster/proposal-for-eos-resource-renting-rent-distribution-9afe8fb3883a

What REX Means for Token Holders
by Haley Thomson, Head of Strategy at EOS Cafe Calgary
https://medium.com/@eoscafe/what-rex-means-for-token-holders-238375dea397

Proposed changes to remove 4% inflation for worker proposals: https://twitter.com/BrendanBlumer/status/1023183731392049152

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EOS Ram EOS Cpu EOS Net explained UPDATE

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