The EOS blockchain project, which is known as one of the most highly potential blockchain projects out there, seems to be working under full steam lately. As of recently, the project announced the onboarding of new users by reducing the cost of opening accounts.
In other words, EOS New York, which is one of the network’s 21 block producers, announced that 15 block producers had approved a new protocol update which will reduce the cost of a new account from 3 kibibytes (KiB) to 3 kibibytes (KiB) accordingly – which converts to $1.84.
The change will also grant new accounts 1,400 bytes of RAM for free, even though the existing accounts can buy, delegate or un-delegate their RAM to receive 1,400 bytes for free. The accounts on the EOS blockchain are very important and vital for transferring tokens or launching transactions within the network.
According to the post, creating new accounts is something that is very important for the platform which is why they are changing it in the early adopting phase, stating:
“EOS account creation cost is an extremely important aspect of the health of the platform. Many users of EOS decentralized applications are early adopters, people who are eager and willing to spend the time to understand the EOS blockchain.
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But in the future, users will not be as eager.”
The post concluded with a note on the importance of hiring new dApp developers as the best way to create users’ accounts or otherwise force users themselves to pay to create accounts. This would lower the cost and “dramatically reduce the barriers in development” as the company said.
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