Take you to understand the new resource model of EOS in three minutes
The EOS new resource model was proposed by Block.one in December 2019 to provide an alternative solution for EOSIO-based public blockchains to solve resource problems. At present, 39 technical organizations including TokenPocket have implemented the EOS new resource model. In response to the proposal, the TokenPocket wallet is currently preparing a new version to adapt to the new EOS resource model. Using the TokenPocket wallet can experience the functions of the new EOS resource model for the first time. According to the test progress estimate, the new EOS resource model is expected to be launched in mid-December.
In order to help community users quickly understand what is the new EOS resource model and what changes it can bring us, we will explain it from the following four aspects: Shortcomings of the current EOS resource model Improvements to the new resource model of EOS How the mainnet will transition to the new EOS resource model Note: Note: 1. The core of the new resource model is [Resource Leasing Market]. Although its function is similar to the current REX, readers are reminded not to confuse it! 2. The resources in this article generally refer to CPU/NET resources. CPU is a computing resource in the EOS network. All transactions between EOS accounts, smart contract calls, etc., need to consume the CPU resources of the account. NET is an EOS network bandwidth resource. When we send a transaction message, the block producer needs to package the transaction to generate a block, and then synchronize the block to other producers through the network. This process needs to consume a certain amount of network bandwidth resources . secondary title 1. The availability of REX is not high. Once the leasing ratio is close to 80% (the upper limit set by the system), the available resources are exhausted and no longer can be leased. secondary title 1. Make full use of CPU/NET resourcesShortcomings of the current resource model
Improvements to the new resource model
Unify the supply channels of CPU/NET resources (resource leasing market): In the current resource model, users can either rent resources through REX, or mortgage to obtain resources by themselves. Not participating in the mortgage) part of the corresponding resources may be the bulk that has not been fully and effectively utilized.
Therefore, in the new resource model, the resource leasing market is the only channel to obtain CPU/NET resources. Users cannot mortgage themselves to obtain resources. To obtain resources, they must lease through the resource leasing market;
At the same time, currency holders can mortgage idle EOS to the resource leasing market to obtain income; EOS officials will share the three parts of income from short account auctions, RAM transaction fees, and CPU leasing income with EOS mortgagers, similar to the current REX income model.
2. Compared with REX, the resource leasing market will have higher availability
secondary title
How the New Resource Model Transitions
1. In order to promote the transition from the current REX model to the resource leasing market in the new resource model, a smooth transition can be achieved by gradually adjusting the resource ratio parameters allocated to each account;
2. That is, under the same other conditions, by slowly adjusting the parameters, the resources obtained by mortgaging/leasing the same EOS will gradually decrease, so as to push users to use the resource leasing market;
secondary title
New Model Rental Price Curve
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(Lease price curve for the new resource model)
Compared with the current resource price calculation of REX, the price calculation of the resource leasing market has been optimized, namely:
When a large number of leases expire, that is, when the resource utilization rate decreases, the lease price will not decrease immediately and proportionally, but will decrease gradually within a certain period of time (as shown in the red circle in the figure above).
The advantage of this is to ensure a certain degree of fairness. Like the current REX, there are many users with large resource requirements who will use "scientific" methods to grab these redemption time points to obtain cheap resources. Ordinary users simply cannot enjoy this price drop.
In the resource leasing market in the new resource model, there are two types of resource utilization:
Instant Utilization (InstantUtilization)
Adjusted Utilization
When the utilization rate increases, the two utilization rate increases are equal, so in the above figure, it is shown that the two utilization rate curves overlap;
Summarize
To put it simply, after the new EOS resource model is launched, users can obtain EOS resources + rental income by mortgaging EOS. With the adjustment of the ratio of the two parameters on the EOS main network, the resources obtained by users will gradually decrease, and the rental income will increase. , end users can no longer obtain resources by mortgaging EOS, but can continue to obtain rental income through staking. This process is expected to take a certain amount of time. Before the new EOS resource model completely replaces the old model, users can still obtain resources by staking.
