The EOS block producers have finally found a way to incentivize new users by cutting down the onboarding costs. EOS New York made an official announcement on Thursday saying that 15 block producers have agreed to the new protocol. The new protocol talks about reducing costs for a new account from 4 kibibytes (KiB) to 3 KiB. EOS New York is one of the 21 EOS block producers elected to do transaction verification on the network.
The EOS platform managed to garner a lot of public attention due to its promise of providing better operational capabilities over the Ethereum network. EOS claims that its platform can address scalability issues much better than the Ethereum blockchain.