EOS Unveils Transferable RAM and Savanna Algorithm Updates
The EOS Network Foundation emphasizes the significance of its latest update, highlighting the enhanced capabilities of the blockchain.
With the introduction of Transferable RAM, EOS aims to streamline network processes and improve resource efficiency. This innovative feature allows users to transfer RAM between accounts without incurring any fees, addressing the need for more effortless RAM management.
#EOS has introduced updates to its RAM system, enhancing flexibility, efficiency, & overall utility 💾
These unlock new dimensions by facilitating innovative applications, more dynamic resource management, & a sustainable ecosystem 🌐
Read More 👇https://t.co/szxurucohl pic.twitter.com/OZVdFAmPsN
— EOS Network Foundation (@EOSNetworkFDN) March 19, 2024
The new RAM management tools are accessible through the RAM Utilities App, offering essential functions such as buying and selling RAM, transferring RAM between accounts, and burning RAM to remove it from circulation.
The addition of RAM Logging & Notifications ensures precise transaction details, empowering users and smart contracts with accurate RAM usage metrics. These advancements pave the way for more sophisticated contract interactions based on real-time RAM usage data.
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In February 2024, the EOS Network Foundation introduced the Savanna Consensus Algorithm, expanding the possibilities for dApps and users within the EOS ecosystem.
These enhancements streamline the EOS account creation process and enable the development of RAM token wrappers, enhancing the efficiency and composability of the DeFi ecosystem.
With these updates now live, the EOS community can expect improved RAM management capabilities, creating a more flexible and user-friendly environment. These developments mark a significant advancement in EOS’s journey towards optimizing resource management and utility.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
