BOScoin has great potential!
BOScoin is a Self-Evolving Cryptocurrency Platform for Trust Contracts. "Trust Contracts" will provide a decidable and approachable framework for creating and executing contracts on the blockchain. The "Congress Network" is aimed at creating a more democratic and productive decision making process. And the incentive scheme and issuance plan is aimed towards creating value for the coin while deterring the centralization of power. The Modified Federated Byzantine Agreement will allow for low latency transactions while being more energy efficient. BOScoin aims to overcome the technical and operational issues inherent in many cryptocurrencies.
BOScoin = BlockchainOS + coin
BlockchainOS is a blockchain technology company from South Korea and responsible for the development of BOScoin. BlockchainOS's vision is to provide sustainable and evolutionary global platform that is not dependent on a centralized organization. By creating Decentralized Autonomous Networked Organizations, each community has a chance to achieve individual rights, bring civilized culture to billions of people, and suggest a solution to the governance issue that has always been a problem for humanity.
Country of origin
BOScoin is Developed in South Korea, managed in Switzerland and aims to spread into the global market as the first South Korean public bloc project. BOScoin has been receiving a lot of support from serious players and related communities. BOScoin aims to design a blockchain platform that will revolutionize the existing blockchain industry with their new approach to smart contracts - Trust Contracts based on an ontology language (OWL) and timed automata language (TAL).
The BOScoin team
Changki Park (CEO) - Yezune Choi (CTO / Trust Contract Inventor & Blockchain Architect) - Han Kyul Park (COO) - In Hwan Kim (CMO) - Sung Ho Hong (Chief Product Officer) - Jinchan Kim (CFO) - Jong Hyun Kim (Business Developer) - Yongkwan Choi (Director) - Myung San Jun (Blockchain Social Designer) - Douglas Kim (Marketing Communication Manager) - Aston Seokhyun Nam (Blockchain Developer) - Hyeji Lee (Management) - Ji Heon Yi (Civic Technology Architect) - Seung Jin Kim (Social Web Planner) - Billy T. Kim (Trust Contract Architect) - Mukeun Kim (Technical Director) - HeeWon Lee (Web database enginee) - Han Min Park (Marketing) - Dongseok Tschoe (Advisor).
Features of BOScoin
As you can see in the chart, BOSCoin aims to be able to handle up to 1,000 transactions per second, features a flexible block size, and has developed its own method of reaching consenus. To earn BOSCoin later on, one must "freeze" at least 40,000 BOSCoins in their account in order to open a full node. Then they earn rewards from transactions processed by their node. The same must be done in order to become a member of the Congress Network.
New coins are issued in four ways; Initial development budget (0.5bil, 10%), confirmation rewards (1.8bil, 36%), freezing rewards (0.9bil, 18%) and the Commons Budget (1.8bil, 36%). The intention is to issue a total of 5.0 billion coins over the next 128 years. These values are subject to change.
BOScoin aims to use the Owlchain technology
The Owlchain technology consists of the Web Ontology Language (OWL) and Timed Automata Language (TAL). This architecture is designed to expand expressive power while retaining decidability to support secure and precise execution of contracts. These Owlchain based contracts on the BOScoin blockchain are called Trust Contracts. The Owlchain protocol is also a unique feature that the other cryptocurrencies or cryptocurrency.
Trust Contracts - mFBA - Congress - Applications - Freezing & Confirmation Rewards - Commons Budget.
OWL and TAL to expand expressive power. While retaining decision to support secure and precise execution of contracts.
The Owlchain’s hierarchy was designed as a general blockchain model to accommodate multiple ontology models. The Owlchain combines the feature of the Inference Engine and Consensus protocol to handle the Trust Contract.
Democratic decision-making body for BOScoin. Decentralized systems lack the systematic decision making process. BOScoin constitutes a governance system whereby node operators referred to the Congress Network can participate in creating and voting on proposals in order to continuously improve the software and ecosystem. The Congress Network interacts with non-congress users in three ways; Transactions, proposals and coin freezing.
You need 40,000 BOS to run 1 Node.1 Node = 1 Vote.
BOScoin will be launched in conjunction with two applications in the early stages, enhancing its features. The applications Stardaq and Delicracy have already been built and will not only increase the transactional value of the coin, but will also help to acquire new users.
Stardaq is a for-profit company that is incorporated in South Korea and also the name of the service application on top of the BOScoin platform. Stardaq is a prediction market where people can bet on public figures by setting a long or short position. This service will use Stardaq Dollars which will be fully convertible with BOScoin tokens. It has a goal to be a service that has one-hundred-million active users. Stardaq has tested its mobile application alpha version and will launch service globally first in English, Chinese, and Korean.
Delicracy, short for Deliberative Democracy, is a collective decision making tool where people, politicians, or market researchers can conduct surveys to get reliable statistical and qualitative results. This tool works by placing bets on a set of proposals. This type of system can help to promote transparency and participation for decision-making processes in organizations large and small.
The BOScoin team will create wallets for PC and mobile. Web wallets will be developed for year 1.
BOScoin is supported by EYC3
EYC3 is a company that creates intelligent client organizations using data & advanced analytics. Implementing information-driven strategies and systems that help grow, optimize and protect client organizations, and create a lasting culture that encourages people to use information creatively and intelligently to Improve business outcomes.
Partnership with Humaniq and Cosmos
Humaniq and BOScoin will share strategic resources and knowledge in tech. Moreover, this partnership will support both organizations in building a network of operations worldwide. BOScoin will support Humaniq's Asian expansion. Humaniq will support BOScoin's European / American expansion.
Cosmos, who is creating the Internet of Blockchains, and the self-evolving cryptocurrency platform. Cosmos and BOScoin will share resources, conduct research on blockchain technologies, and help expand the overall blockchain network.
BOScoin participated in the Blockchain Meetup in Berlin and London.
The ICO token exchange rate for 1 BTC was 40,000 BOS. 1BOS = 0.00002500 BTC.
BOScoin Mainnet is scheduled to be released in October 2017.
HitBTC is currently trading BOScoin "IOU". If you buy these IOU tokens, they will be swapped for real BOScoin once the Mainnet is officially released.
BOScoin is in Crypto Compare and after the Mainnet will be added on coinmarketcap too.
BOScoin on the Cryptonator. Cryptocurrency Calculator & Converter.
BOScoin in Symbaloo Webmix Gallery: Cryptocoins.
The 100 Most Influential Blockchain Companies. BOScoin is on 56th.
Currently on HitBTC, but after the Mainnet in October, the team plans to add BOScoin in the most popular exchanges.
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Social channels of BOScoin (Official)
Social channels of BOScoin (Unofficial)
My name is Ralf Paker and I found this project very interesting. BOScoin has great potential!
With the technologies it has and the good team also very nice community. I believe Boscoin will be very valuable in the future.
Congratulations to the whole team.
My email: [email protected]