RAMS Protocol has launched a RAM (Random Access Memory) leasing market on EOS blockchain.
RAM is a necessary resource needed to build and operate applications on the EOS network. Similar to how personal phones and computers depend on RAM (i.e: 8 Go or 10Go) for their performance, the EOS blockchain depends on RAM for high performance and scalable decentralized applications. RAM is used to store account information, token information, smart contract status, data, etc. RAM is a scarce resource and apps can not run without it.
On the EOS network, the total amount is 390 GB and current RAM price sits at 1 $EOS for 840 Bytes. As the number of dApp on EOS grow, the demand for RAM will increase, thus the price of RAM is expected to increase. RAM resources also play a crucial role in other chains like WAX, TELOS that use Antelope framework for the performance and efficiency.
The exSat project (Bitcoin L2) designed to run on EOS blockchain as a docking layer between Bitcoin and Layer 2s. The exSat Network uses a hybrid consensus mechanism combining Proof-of-Work (PoW) and Proof of Stake (PoS), to ensure a high level of decentralization and security while directly supporting smart contracts functionalities.
The network also aims to provide a revenue stream for Bitcoin miners and mining pools, who can stake their BTC to earn $XSAT tokens. The project has raised a $20 million investment and it’s being incubated at EOS Lab.
RAMS protocol is governed by RAMS DAO and the multi-sig group have been established. Owners of RAM can now deposit their resources on the RAMS protocol and earn $BTC and $EOS.
The protocol has already reached 68 GB milestone, out of 108 GB goals that the exSat Network is expected to use (approx. 27% of total available RAM).