Expect Resource Credit (RC) Wars as LeoThreads Takes a New Shape - The war for more Hive Power
Hello LeoFinance ecosystem! It's amazing being here in the midst of the brain boxes on the hive blockchain. Good morning to you all.
Everyone on the LeoFinance ecosystem and in extension the hive blockchain is excited about the innovative expertise of the LeoTeam in the constantly evolving Project Blank UI. It also excited about everything that's happening around the LeoFinance ecosystem.
Just within three weeks, it's been from one level of innovation to another and from one level of achievement to another in form of value creation. For instance, the long awaited growth beyond 500 Monthly Active Users (MAU) ended in February, because by March 1, the rhythm had changed to above 1,000 MAU. This alone just shows that we're making serious progress towards achieving the 5,000 MAU goal set by @khal to be achieved before the end of the year.
If we're enjoying the New UI then we should know that to maximize the full versions of the New UI we have a price to pay, most especially for those who small hive accounts.
One of the rules of engagement on the hive blockchain when it comes to engagement is the running down of Resource Credit (RC). As a small account holder, I've suffered from Resource Credit challenge whenever I want to full get involved in commenting and replying comments to increase my weekly participation on the LeoFinance ecosystem.
Remember that the more your activities on the hive blockchain, the lower your Resource Credit, so when the full version of Project Blank UI is launched, it'll lead to RC wars on the LeoFinance ecosystem and in extension the hive blockchain.
According to @leofinance:
One of my visions for Hive - that I think many other projects and HIVE investors believe in - is that HIVE as an asset will be utilized for Resource Credits primarily. When dApps start to reach critical mass adoption, there will be a war for RCs and this war will lead to the accumulation of HIVE POWER by dApps who are building successfully.Source
This is 100% true and this will lead to high demand of Resource Credits on the blockchain to sustain the pressure posed by the new dApps and in turn it'll lead to the demand for more Hive Power (HP). To acquire Hive Power, the person in need could either buy Hive and power it up or ask a friend to delegate Hive Power.
This to me is super cool, because the quest for more Hive Power will lead to solidified and sustainable Hive blockchain.
Right now, RCs are relatively cheap. That won't always be the case. In the future, I believe dozens of dApps will reach critical mass adoption and at scale, will cause RCs to be expensive. The average user will need to borrow RCs from dApps and dApps will need to own HIVE POWER in order to lend them out in RC Pools.Source
Just remember the laws of demand and supply and apply it to the search for more Hive Power in the future as we unleash the dApps.
I'll conclude by saying that the wars for Resource Credits by Hivers is an healthy war targeted towards the building of a sustainable ecosystem for everyone on the hive blockchain.
Thanks for your time, I appreciate.
Posted Using LeoFinance Beta
