BOScoin is a new cryptocurrency platform that focuses its service in providing an easy and secure way to make digital contract. The Initial Coin Offering will start very soon on March 10th 2017 and will continue on for the next 40 days until June 20th 2017. At the initial phase, there will be more than 270,000,000 coins will be distributed to the buyers. Here are some services this cryptocurrency platform offers that sets it apart with other established cryptocoins out there.
Trust Contract
The best feature that BOScoin offers to the public is Trust Contract. When it comes to making digital contract with cryptocoins and blockchain, BOScoin is not the first platform that has gone this route. Before, we have known about Ethereum and its Smart Contract. Even though basically Trust Contract shares the same principle with Smart Contract, its programming language is different and this is what makes all the differences.
There are three main programming language used in BOScoin platform—Web Ontology Languae (OWL), Timed Automata Language (TAL) and SDLang. Those three works together in creating a different contract environment that is more trustworthy. The reason why Trust Contract is more trustworthy is very simple, because the declaration and processing step of the contract are separated. As a result, not only engineers, but also general public can participate in reading the contract.
Congress Member
Another great thing about BOScoin is the fact that unlike Ethereum, and even Bitcoin, decidability factor is not ruled out. While Ethereum and its Smart Contract has non-systematic decision making process, the decision making process in BOScoin is made by independent Congress member.
Congress member has three important tasks—confirming transactions, proposal voting, and coin freezing. Working as a Congress member will not be easy but there are rewards waiting in a form of cryptocoin for their participation.
Commons Budget
Commons Budget is a very interesting aspect of BOScoin platform. Since the platform is still really new, commons budget is a way to attract and distribute the coins to even more people. Commons budget is an account with transferrable coins in which the coins can be used to fund projects.
However, to judge whether the project is potential enough to be funded or not, you need to send proposal first to the Congress member since they are the ones with the voting rights. If you have majority vote from the Congress member, the coins will be transferred immediately to your wallet. It means, you will be required to have BOScoin wallet, but the good news is, you are still allowed to participate even when the wallet is empty.
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