BOSCoin is a blockchain powered self-evolving platform that is for cryptocurrency trust contracts. The thing that makes it unique is it is a platform without a mining mechanism. Instead of the mining mechanism, BOSCoin makes use of rewards for operating nodes. When you use this platform, you are able to earn rewards whenever you run a valid node.
Smart contracts
if you choose to become a congress member. The BOSCoin blockchain will execute the smart contracts which in turn are securely executable as well as reliable. The goal of this platform is to transform the smart contract system and take it to a higher level.
The trust contracts are contracts that are secure as well as based on a decibel programmable framework that is called the Owlchain.
This framework is built on the Timed automated language and Web Ontology Language. Its goal is to provide an approachable framework that can be used for the creation as well as execution of contracts in the cryptocurrency industry. This platform also translates trust contracts into a language that humans can read and this is made possible through use of SDLang.
Commons Budget
Another feature of the BOSCoin platform that stands out is the Commons Budget which happens to be a public budget for growth as well as evolution of the network. The decision-making body for the BOSCoin platform is known as The Congress. Members of the congress will get an opportunity to decide as well as vote on functions as well as policies of the blockchain.
Incentive Scheme
Then there is the Incentive Scheme Together with the Issuance Plan which are used to create value for the coin while at the same time not incentivizing centralization of power. Finally, the BOSCoin platform also has a feature known as the Byzantine Agreement Algorithm which allows for low latency transactions while also allowing for greater energy efficiency. this platform does away with operational as well as technical issues that are very common when dealing with most cryptocurrencies.
Team Info
The team behind BOSCoin is headed by Changki Park who has previously spent a lot of time working with Samsung and who also has plenty of experience in the digital financial arena. The inventor of the trust contracts is Yezune Choie and this person seems to be the brains behind the operation. Finally, there are other players behind BOSCoin including Aston Seokhyun Nam and Billy T. Kim as well as Ji Heon Yi and Mino Choi who are all developers who work under Mukeun Kim.
Conclusion
This platform makes use of proof of stake to maintain the system. Users of the platform are allowed to freeze their coins in units of ten thousand BOS within a node in return for continuing liquidity.
