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Since the start of the token swap on Mar 10, major exchanges that support IOST mainnet token swap are automatically swapping IOST tokens from ERC-20 to mainnet tokens. In addition, a series of Dapps are gradually being released online. With various contributions from close to 200 IOST Global Partners, the release of IOST iWallet and multiple DApps, IOST is on track to attract a large number of users and we believe a comprehensive and inclusive IOST ecosystem is taking shape.
Here, we extend a big thank you to Lucas, who has developed the iWallet Chrome extension for IOST, for his excellent contribution.
This article is written to help IOST users fully understand the A-Z of the IOST blockchain, and how you can use IOST Dapps easily. We have summarised the common questions from the community and answered these questions below. We hope this article will give you some insights into blockchain technology and how the IOST ecosystem operates.
Working off the developments made by earlier projects in the blockchain industry, IOST has designed a significantly more user-friendly and equitable system for the classification, allocation and use of mainnet resources.
IOST key network resources are divided into (a) iGAS and (b) iRAM.
If we use an equation to represent this classification, the calculation of the system resources on a public chain is as follows:
System resources = NET (bandwidth) + CPU (computing power) + RAM (memory)
And on IOST mainnet:
iGAS = NET (bandwidth) + CPU (computing power)
iGAS are the transaction fees to be paid when you make a transaction on the IOST mainnet.
You can get IGAS by staking IOST. When you don’t need iGAS anymore, you can redeem the same amount of IOST that you have staked before.
By staking 1 IOST, you can get 100,000 iGAS / day. Every time you stake 1 IOST , you will receive 100,000 iGAS immediately, and 100,000 iGAS is produced on the same day and beyond on a daily basis.
The maximum limit for each user for iGAS is 300,000 times the number of IOST staked (i.e. you will charge to the maximum limit in 2 days). When iGAS is less than 300,000 times, iGAS will continue to be produced as per its iGas production speed.
The transaction speed will be faster if users pay more iGAS. Each time a transaction is initiated, the system first calculates the number of iGAS that is available in your account and will use this amount to pay the transaction fees. Ordinary users can use the default rate if you are not in a hurry to complete your transactions.
The calculation formula is:
iGAS quantity = CGas (Command Gas) consumption* number of commands * Gas rate.
You will get iGAS only by staking IOST, and iGAS will not cost you any tokens. We make IOST truly free for users, with no barriers.
This method of calculating iGAS effectively avoids the problem of large wallet holders staking a large number of IOST to monopolize large amount of system resources, and allowing these resources to idle. This iGAS calculation mechanism therefore ensures a level playing field for ordinary users and significantly improves the utilization efficiency of system resources as well.
You can receive IOST storage resources using iRAM. iRAM plays an important role in DApp development.
IOST’s iRAM calculations uses the Bancor algorithm. The iRAM resources are limited and can only be traded once. The initial limit of the iRAM system is 128G. Users are charge 2% of the admin fee for buying and selling iRAM to the system, and this admin fee will be burnt. The user’s iRAM may also be used when calling a system contract.
You can purchase iRAM from the system or give iRAM to other users. The iRAM that the user is given cannot be sold to the system, nor be transferred to other users a second time.
Hope you now have a clear understanding of the operation mechanism of IOST system resources! A good user experience on IOST Dapps is the top priority for us. To achieve this aim, we have made significant improvements to IOST that specifically addresses the pain points that other public chain projects are grappling with, such as transaction costs, transaction speed and decentralization.
IOST will deliver on its promise to be the most usable DApp platform besides ETH, EOS, and Tron!
What are iGAS and iRAM? | Learn How You Can Utilize The IOST Network was originally published in IOST on Medium, where people are continuing the conversation by highlighting and responding to this story.
위켄 눈여겨보고있는데 좋은소식이네요 ^^
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Community | B캐피탈리스트 투자 유치 세션 진행
Community | 토큰뱅크실체
안녕하세요 고객님. 신청해주신 순서대로 차례대로 OTP 초기화를 진행해드리고 있습니다. OTP 초기화가 진행된 후에 이메일 답장이 갈 예정이니 이메일 확인하신 후 재등록 진행해주시면 감사하겠습니다.
Community | OTP 초기화 신청했는데요
안녕하세요 고객님. 혹시 모바일에서 휴대폰 인증을 진행하신건가요? 토큰뱅크 휴대폰 인증의 경우에는 PC를 이용하여 진행해주셔야 합니다.
Community | 휴대폰 인증이 화면이 바뀌고 오류주소로 뜹니다
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