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RE: What Is Raiblocks? How Is It Different From Steem?
I can hope for the day when we have some sort of instant and free account creation here on steemit (even if it's an account name that looks like an address)!
To answer your question, no, the entire 57gb doesn't have to be kept in high performance memory if you're running a seed node or a witness node. For those types of servers we just breached 20gb though. If you're running a full node though, that's a different story. In order to run the account history plugin with in a high performance mode you need more than 256gb of RAM at this point, which is insane.
Will it be possible to have instant and free account on Steem? I think Raiblocks' design that moves away from a global data structure has its perks then which it can scale right away. Although they mentioned that it's only engineered for the simple task of transfer, I wonder if what kind of applications can be built on top of it.
That's a great question, I'd like to believe Steem can do free/instant accounts, but I know others may disagree. It's a big hinderance for Steem that it requires payment for the creation of an account.
Flipping to RaiBlocks, I know I've read about people wanting to fork XRB for smart contracts, but it's all rumors and speculation at this point. It's likely possible to do with the block lattice structure, but who knows when we'll see it :)
Each account being a chain itself kinda complies with my long-term hold requirement of having atomic ownership (like with the case of https://pillarproject.io/) so it's pretty exciting stuff!