Why is EOS’s RAM a mining machine?
The entire EOS network is built on the foundation of RAM. The functions of the EOS system, such as account creation, transfers, voting, leasing resources, etc., are all implemented by the system's smart contracts. The system smart contract is stored in RAM in the form of binary code. Therefore, RAM is the foundation of the entire EOS chain.
The smart contracts of third-party applications, such as some DEFI GAMEFI applications, etc., also need to be written by developers and then deployed in the RAM of the main network in the same way. Contract operation and interaction, as the number of users increases, RAM is also continuously consumed. The application that currently consumes the most memory on EOS is upland, which has consumed 9G of RAM and is still consuming RAM.
Creating accounts, deploying contracts, and transferring tokens all consume RAM. Holding RAM is like holding a mining machine, sharing the consumption of RAM by the entire EOS mainnet system contract and third-party application contracts. The EOS of the RAM they purchased will be distributed to all RAM holders through the Bancor algorithm.
So RAM is analogous to Bitcoin and Ethereum mining machines, and RAM consumption is similar to their handling fees and GAS. By holding RAM, you can mine handling fees and GAS.
