September 7, 2018 11:26 PM
EOS block producers have elected to change the requirements for creating an account, claiming the new rules will reduce costs by 25 percent.
A group of EOS block producers have approved a plan they hope will keep the costs of EOS account creation down. This new protocol stems from the price spike[1] for RAM that occurred in July when, over the course of a few days, the price of RAM on the EOS network increased nine-fold. The cost of account creation is affected because each account purchased currently requires at least 4KB of RAM.
Since account purchases, and the associated RAM, are necessary for the development of Dapps, some worried the network was on its way to becoming cost prohibitive. Shortly after that crisis, Dan Larimer, creator of the EOS.io, proposed changes[2] to the network protocol that he believed would reduce prices. It now appears these changes have been approved by the voting block producers and will go into effect.
On Thursday September 6, block producer EOS New York announced[3] it and 14 other block producers have approved the plan. In a post on Medium, EOS New York wrote:
"Many users of EOS decentralized applications (dApps) are early adopters, people who are eager and willing to spend the time to understand the EOS blockchain. But in the future, users will not be as eager. The users of the future will want to use the new dApp they found as quickly as possible. In fact, they may not know they're about to interact with a blockchain at all."
"For that to happen, dApp developers will need to pay for the network resources required to onboard users (or pass this cost on to users). Reducing this
