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EOS: a new resource to manage smart contracts

en.cryptonomist.ch 27 February 2020 07:20, UTC
Reading time: ~2 m

During the last few days, the EOS community has learned about a possible new resource, called DISK, for the management of smart contracts that could complement the existing ones, namely RAM, CPU and NET.

The turmoil and doubts have been dispelled by a tweet published a few hours ago by Block.one’s CTO, Daniel Larimer, who confirmed that EOS will have a hardware resource designed to manage a significant amount of data:

#eosio will soon have a disk backed key/value store as an option for contracts that can trade cpu time for storage capacity. Based on rocks db blockchain state can now scale far beyond limits of ram. This is especially useful for large datasets that are infrequently accessed.

— Daniel Larimer (@bytemaster7) February 25, 2020

The resource – detailed here – will allow the management and translation of smart contracts in a dedicated location, as they are currently stored inside the RAM, thus eliminating the cost of buying large amounts of RAM and relieving the blockchain because it will consume a physical resource and not a virtual one.

As a matter of fact, not only will it be cheaper than RAM, since it will consume CPU which has a lower cost, especially if bought on the REX (Resource Exchange) that allows borrowing large amounts of resources at a low price, but another advantage will be the ability to store almost unlimited information.

This is a really effective solution aimed at making the development of smart contracts on the EOS blockchain cheaper, allowing to enhance and improve the existing smart contracts.

Think for example of a gaming dApp that demands cumbersome data and facilities, or the decentralized social network Voice.

Moreover, it is an on-chain and not off-chain solution, so this new resource can also be used for EOS sister chains, such as Telos (TLOS), bringing a significant advantage compared to other blockchains.

In the last few hours more than 34 million EOS, worth over $130 million, have been burnt, which was done immediately after the reduction of the cryptocurrency’s inflation.

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