BOScoin (BOS) is a crypto coin issued on Blockchain Operating System (BOS) which is aimed towards decentralization of the governing systems. Blockchain Operating System uses "Trust Contracts" similar to smart contracts on Ethereum. Trust Contracts are securely executable contracts based on decidable programming framework known as Owlchain. The underlying "Modified Federated Byzantine Agreement (mFBA)" consensus algorithms of BOScoin reduces the block interval to 5 seconds and increases theShow more [+] transaction speeds up to 1000 TPS. BOScoin incorporates a "Congress Network" which creates a more democratic decision-making process. The BOScoin self-governing ecosystem consists of Congress Network, Trust Contracts, Incentive system, Decentralized applications, Common budget and Decentralized consensus (mFBA).
The BOScoin team is lead by CEO Yezune Choi who is expert in developing blockchain technologies and have 20 years of experience in this field. BOScoin team consists of 24 members including technical engineering experts, operations, Business relation managers, designers, communication, management, and executives.
BOScoin runs on a set of nodes known as congress network. To become a master node (Congress member), the member must hold 40,000 BOS (freeze 4 units-each unit is 10,000 BOS). Anyone can with stable network speeds and the aforementioned criteria can become the master node. There are three reward systems defined for the network participants. The freezing reward is 5400 BOS which are distributed equally to each frozen unit (10,000 BOS). Freezing reward is given after 720 blocks. The other two rewards are confirmation reward and transaction fee. The transaction fee is a fixed amount of 0.01 BOS.