BOScoin is creating a new type of Smart Contract called 'Trust Contract.' Unlike Ethereum, Trust Contracts are not Turing-complete, but decidable. BOScoin is not trying to make a Smart Contract that could run any program, but rather focused on building trust and reliable Smart Contracts, which is why they built an ontology on the blockchain.
What is BOScoin?
BOScoin is a finance blockchain project to beyond capitalism in the most capitalist way. BOScoin offers threes alternatives – credit creation through participation, democratic impact investments and communisation of certain assets to form a new ‘Public Financing (PF)’ concept to power better capitalism, solving the high interest rate problem in conventional project financing.
Project financing governance systems are handled through the Congress Network. PF items are initiated on the Congress Network with the purpose and expected effects of the project. Additional information such as the amount of coins issued, price at the point of issuance, allocation of issued coins, and distribution of profits further inform BOScoin participants. The item is voted on the Congress Network using BOScoin’s fully homomorphic encryption technology which allows anonymous, equal voting while Preventing Sybil attacks.
A contract language for public financing. Trust Contracts use terms into everyday language all parties to the contract can understand.
ISAAC Consensus Protocol
The BOScoin mainnet uses a protocol based on a mFBA(modified Federated Byzantine Agreement). This Protocol allows data to be securely and efficiently stored on the blockchain.
BOScoin can now be bought for approximately $0.00249 on major exchanges including GDAC, Kucoin and CoinBene. BOScoin has a total market capitalisation of $2.2M and approximately $27.7K worth of BOScoin was traded on exchanges in the last 24 hours.
At the moment there are approximately 745.9M Frozen BOScoins.
BOScoin Reward distribution dates:
BOScoin Congress Voting Application
Congress Members can participate in Congress voting and receive rewards according to the Member’s contribution to the community.
User receives Membership after completing pre-Membership requirements and freezing at least 10,000 BOScoin.
Any BOScoin wallet address can be designated as a Membership account. Upon users’ Membership account designation, users can freeze whole or portions of BOScoins in the Membership account.
Freezing occurs in a way that a Frozen account linked to the Membership account is created and BOScoins are transferred to the Frozen account.
To be eligible for Congress Voting you must acquire Membership, and retain Membership until the end of voting period.
The Membership can be acquired during voting period, however, it should be maintained until the end of voting period.
BOScoin in news
All BOScoin related news & articles from around the web
Sharing is caring! South Korea’s BOScoin announces its ICO (Initial Cryptocurrency Offering) for its self-evolving cryptocurrency platform. The BOScoin ICO starts on May 10th,...Read more
BOScoin (CURRENCY:BOS) traded 0.3% higher against the dollar during the 1-day period ending at 17:00 PM Eastern on March 7th. Over the last week,...Read more
Amendment to Special Reporting Act Passes – Cryptocurrency Now Fully Legal in South Korea – TheNews.Asia
The amendment to the Act on Reporting and Use of Specific Financial Information passed this afternoon in a full session of National Assembly. The...Read more