Hey everyone. We're having an important on-chain vote between MBIP-4 and MBIP-5 to address storage growth.

30 Jun 2023, 23:11

Hey everyone! We're having an important on-chain vote between MBIP-4 and MBIP-5 to address storage growth. 👉 Read the full detail of both proposals here: https://forum.moonbeam.foundation/t/possible-solutions-for-unsustainable-storage-growth/845/21 Even though MBIP-4 won the initial vote, it was by a slim margin with low turnout. Here's what you need to know: MBIP-4 adds a StorageBaseFee (charge for storing data on the blockchain. It regulates the cost of adding new data, promoting sustainable growth of the blockchain.) 🔹Pros: it differentiates storage and CPU costs. 🔹Cons: it's complex and could disrupt typical Ethereum RPC compatibility. MBIP-5 sets a Storage limit per gas. 🔹Pros: it's simpler and more aligned with Ethereum standards. 🔹Cons: it combines block storage and CPU, which might limit the overall efficiency of the blockchain, as we can't fully utilize storage and computing power independently. The Moonbeam Foundation recommends MBIP-5 for its simplicity and alignment with Ethereum standards. Yet, the community's choice will be respected. An on-chain vote is live to capture the community's will, lasting for 7 days. This is key to our network's sustainability, so make sure to participate! 🗳️ Link to vote is below, please only vote for ONE of them! 🗳️ Vote for MBIP-4 here: https://moonbeam.polkassembly.network/referendum/102 Vote for MBIP-5 here: https://moonbeam.polkassembly.network/referendum/103