EOS nodes implement the proposal to stop the additional issuance of EOS RAM, and RAM’s weekly increase exceeds 250%

On December 18th, according to relevant page information, the EOS node has executed the SETRAMRATE proposal, which suggests stopping RAM issuance and changing the RAM rate parameter to zero. As a result, EOS RAM has stopped inflating. It is reported that the proposal aims to improve the supply and demand environment in the RAM market.

According to Newdex market information, RAM has risen by 275% in the past week, with a current price of 0.0438 EOS/KB.

EOS RAM is a resource used to store memory databases on the EOS blockchain, which was previously designed by BM as an issuance mechanism, expanding at a rate of 1KB/block, which means that for every new block produced by EOS, RAM expands by 1KB.