EOS PowerUp Model formally triggered
Following a suggestion from programmer Block.one to improve resource allocation on the EOS blockchain, the testing stage for the PowerUp model is complete and now formally activated.
Back in Q4 2020, Block.one filed a proposal indicating a change to how EOS allocates and manages on-chain resources. His proposal targeted two from the 3 center sources on the EOS system — CPU bandwidth and bandwidth.
The programmer asserted that there was a problem with the present model where users necessary to lock EOS tokens to book resources. He emphasized two principal challenges of this model. First, funds are left sitting idle, and second, you’ll find bottlenecks to getting additional funds.
As a solution, Block.one suggested the PowerUp model. The version empowers users with the option of either paying a small fee to power up an accounts for 24 hours using CPU and NET bandwidth or to bond idle EOS tokens to the network in exchange for a percentage of the charges generated by the total EOS Public Blockchain.
The PowerUp model is basically designed to stop EOS resources from sitting idle while providing a more user-friendly experience when acquiring and using network resources.
According to EOS, the testing application to the model is complete. The next step in busy deployment is for the EOS community to formally submit a new proposal into the on-chain governance system to embrace the new model.
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