Join Block.one and the global blockchain community to improve resource allocation on the EOS Public Blockchain.
About the model
In September 2020, we launched a collaborative program to test a novel EOSIO resource model. The model aimed to enhance resource management on EOSIO public chains, namely the EOS Public Blockchain.
Since then, we’ve received overwhelmingly positive feedback about the model we call, the EOS PowerUp Model.
With the proposed model, a user can pay a fee and power up their account for 24 hours to transact on the network. Additionally, EOS token holders can deposit unused EOS tokens to receive a percentage of the power up fees generated by the entire network.
The testing program is complete and we now invite the EOS community to drive the deployment and adoption of the EOS PowerUp Model for the EOS Public Blockchain.
The EOS PowerUp Model Explained
How public blockchains allocate and manage on-chain resources is extremely important. Some networks operate on the basis of transaction fees, where prices go up as more people try to transact. Those fees are collected by miners.
Block.one Invites EOS Community to Test Proposed Resource Model
By offering bounties for discovery of critical issues and adding resource model testing and engagement to block producer voting criteria, Block.one is calling on the EOS developer community to help test the model.