U.Today is supported by its audience. When you buy through referral links, we may earn a commission.

EOS.IO to Release Solution to Save RAM Capacity: Details

News
Wed, 02/26/2020 - 14:51
Put your
crypto to
work
  • 1.30

    Interest per week

  • 67.5

    Interest per year

  • 3.60

    Interest rate

Join Now!
Sponsored by Celsius.Network
  • It seems EOS.IO leaders managed to learn the right lessons from recent issues with RAM and CPU overload. Daniel Larimer teases the release of a new data storage tool.

Cover image via www.shutterstock.com
Contents

Daniel Larimer, CTO of Block.one, the development corporation behind the EOS.IO (EOS) blockchain, confirmed that his team is working on a state-of-the-art solution that addresses the problems of the network resources economy.

DISK instead of contracts

Three days ago, very meaningful progress in special EOS.IO repositories was disclosed, yet has remained unconfirmed. Now, the wait is over. Daniel Larimer has cleared things up.

DISK storage solution to be released by EOS
Image via Twitter

A new network optimization feature called DISK is to be released within the next weeks. Within its framework, some parts of data uploaded into the EOS network will be stored in separate databases. This solution will allow unloading of smart contracts and, thus, save RAM capacity.

Must Read
EOS.IO Blockchain’s Daniel Larimer Told How He Will Solve CPU Issues on EOS Network - READ MORE

Cutting-edge database software, RocksDB, will be used to achieve this goal. It will be much more powerful and useful than the LevelDB typically used in blockchain-based systems. Mostly, DISK will store the data that isn't frequently reached or updated. So, Mr. Larimer foresees its usage with 'large datasets that are infrequently accessed'.

Long march ahead

Mr. Larimer is very careful about the time frames for the upcoming update. According to him, the initial alpha releases will be backed by RAM and nodes will upgrade voluntarily. The API instruments for developers will be finalized in a couple of weeks.

Must Read
EOS Users Concerned About Potential RAM Collapse - READ MORE

However, the final full-fledged switch for RocksDB may take months, so that release is to follow in 2020. Once this feature is implemented, the EOS blockchain state will 'scale far beyond limits of RAM'.

 

About the author

 Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockhain. Worked in independent analysis (Crypto Briefing) as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)

Recommended articles
Bitcoin (BTC) Scammers Impersonate Bill Gates and Endanger Almost 30K YouTubers

Bitcoin (BTC) Scammers Impersonate Bill Gates and Endanger Almost 30K YouTubers

Bitcoin (BTC) Price Has Very Low Chance of Hitting New All-Time High This Year

Bitcoin (BTC) Price Has Very Low Chance of Hitting New All-Time High This Year

Bitcoin (BTC) Price to Peak in 2026 at $150,000: Trader

Bitcoin (BTC) Price to Peak in 2026 at $150,000: Trader

Bitcoin (BTC) Scammers Impersonate Bill Gates and Endanger Almost 30K YouTubers

News
Sun, 03/29/2020 - 19:38
Put your
crypto to
work
  • 1.30

    Interest per week

  • 67.5

    Interest per year

  • 3.60

    Interest rate

Join Now!
Sponsored by Celsius.Network
  • Bitcoin (BTC) scammers know no quarantines or self-isolation. Dozens of fraudulent airdrops falsely endorsed by Bill Gates ask YouTubers to send in their Bitcoins.

Cover image via stock.adobe.com
Contents

Typically, fake YouTube airdrops are quite similar to each other. With the current pandemic enraging across the planet, a series of scams that impersonate Bill Gates have some distinct features.

With Bitcoin (BTC) Price Drop, Scammers are Getting Greedy

Just like in several other previous cases, the fraudsters launch fake 'live streams' on YouTube, asking users to send in their Bitcoins (BTC) in order to get redouble the initial amount.  An 'entry ticket' into to this scam starts at 0.1 BTC which is more than $650. With previous scams, it was much cheaper.

Fake YouTube Bitcoin (BTC) airdrop
Image via YouTube

The scammers also publish the URLs of this campaign, which are linked to suspicious websites. Unlike previous cases, fraudsters launch multiple live streams simultaneously. At press time of this article, at least two of them were active.

Multiple scam streams on YouTube
Image by YouTube

According to statistics, the average popularity of one live stream is about 30,000 viewers.

Very Bad Idea

Alongside that, launching fake airdrops on behalf of Microsoft's Bill Gates isn't a slam dunk for the fraudsters. It may seem ironic, but Mr. Gates is a prominent critic of cryptocurrencies, particularly of Bitcoin (BTC). He is sure that digital assets represent a kind of a ‘greater fool theory’ type of investment.

Must Read
Bitcoin Price Prediction [Updated]: Bill Gates and Joe Davis Say It’ll Be $0. How Is That Possible? - READ MORE

Cryptocurrencies kill, added Mr. Gates. To him, its only use-case besides short-term speculations is illegal funding for drug trafficking:

Right now cryptocurrencies are used for buying fentanyl and other drugs, so it is a rare technology that has caused deaths in a fairly direct way.

The U.Today team will one more time state that no airdrop will be conducted without the notification from an official website of a product or token. Any YouTube, Medium, and/or Telegram announcements may shill scammers. Never send your money to unknown persons.

About the author

 Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockhain. Worked in independent analysis (Crypto Briefing) as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)

Recommended articles
Bitcoin (BTC) Scammers Impersonate Bill Gates and Endanger Almost 30K YouTubers

Bitcoin (BTC) Scammers Impersonate Bill Gates and Endanger Almost 30K YouTubers

Bitcoin (BTC) Price Has Very Low Chance of Hitting New All-Time High This Year

Bitcoin (BTC) Price Has Very Low Chance of Hitting New All-Time High This Year

Bitcoin (BTC) Price to Peak in 2026 at $150,000: Trader

Bitcoin (BTC) Price to Peak in 2026 at $150,000: Trader