What is BOScoin?
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 towards 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 algorithm will allow for low latency transactions while being more energy efficient. BOScoin aims to overcome the technical and operational issues inherent in many cryptocurrencies.
- Trust Contracts are securely executable contracts based on a decidable programming framework called Owlchain, which consists of the Web Ontology Language (OWL) and the Timed Automata Language (TAL).
- The Congress Network is the decision making body in the BOScoin network which improves governance issues arising in decentralized organizations and helps the system continuously evolve into a more robust ecosystem.
Self-governing ecosystem for growth and evolution.
Below is the comparison between Bitcoin, Ethereum, and BOScoin.
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%). This project aim to issue a total of 5.0 billion coins over the next 100 years. These values are subject to change.