EOS is about to get a new resource allocation feature called REX. After several months of development and testing, EOS block producers are now voting on whether the system is ready to go live. If all goes well, REX will be deployed on the EOS mainnet in the near future, and everyone will be able to use it.

What Is REX?

REX stands for “resource exchange,” and it introduces a rental model for EOS resources. Currently, developers who build dApps on EOS must purchase resources such as CPU and network bandwidth. These resources essentially power EOS apps, and the new rental model will make resources much more affordable for developers.

EOS creator Dan Larimer has explained how REX reduces developer costs in his original proposal: basically, REX’s rental model allows developers to avoid price volatility and minimize initial costs. This means that developers do not need to worry about buying resources at high prices or trying to sell those resources at lower prices later on.

REX will also provide rewards to users who lend their

Click to continue reading on its source location…

Source: https://thebitcoinnews.com/eos-resource-exchange-rex-will-go-live-soon/