Hello Steemians,
On Monday we shared a short update on our progress and now we want to update you on a brand new technology we are developing for Steem called MIRA, which stands for Multi Index RocksDB Adapter. The purpose of MIRA is to allow Steem blockchain nodes to store almost all necessary data on disk in a modern database instead of in RAM. One of the things we are focusing on right now is getting RocksDB working with data consistency. We have the first implementation of MIRA done and building with steemd, and are currently working on debugging and testing.
One advantage of this is that nodes will be more performant on average hardware. The other benefit is that nodes will cost much less to run. In both cases, this helps Steem be more easily adopted by application developers and exchanges. Consequently, Steem should become even more decentralized as the barrier to entry for running nodes is dramatically lowered.
The Steemit Team