2. Staking for 30 days & Resource Bundle Tax
Unstaking EOS is a 3 day process which allows for traders to quickly sell RAM and gain liquidity. Evolution is proposing a 30 day lock up period for RAM to prevent short term traders from artificially pushing prices.
Additionally, we’re proposing a small tax every 30 days of the original RAM purchase date. The tax would be applied on a monthly basis to incentivize freeing up RAM that’s being hoarded and prioritize real development. All tokens generated from taxes will be burnt.
3. Restructuring EOS Main Chain Responsibilities
Limiting the main chain to account names, voting, and governance implementation limits each user account to the minimum KB usage and offloads non-critical usage to the DApps slot on the DApp side chain. The process for Developers to stake for compute resources will now fall into one side chain that allows developers to lock tokens for access to an open slot with bundled resources. The development slots on the initial side chain will be comprised of a shared instance that houses 10,000–20,000 DApps depending on their dev requirements and respective EVO token stake. Developers will be able to initiate their environment on the main chain through the community developed voting and staking portal.
Both the main governance and developer chain are powered by the same set of block producers to respect voter rights and decentralization. By handling all DApp and staked compute resources off the main chain, the data attached to accounts is now managed by a side chain where that user’s respective DApp usage history and data is stored instead of directly on main chain.
4. Limiting Main Chain RAM
We see the potential to reduce RAM usage by throttling active RAM on inactive accounts. By limiting RAM usage for only active user accounts there’s an opportunity to drastically increase total capacity to 600MM active accounts and around 300MM inactive accounts on main chain. We’re also looking at updating storage requests to SSD vs. RAM but with latency constraints in mind.
Ending Artificial price demand by Investors
RAM will eventually affect all user account creation based on the current management model. Evolution is preparing an implementation of these changes into Evolution’s blockchain but also developing a proposal to help implement these suggestions into the EOS infrastructure. Sharing multiple approaches to solve for the limitations of ownership rights only helps the entire ecosystem.