If I can buy BOScoin on the ICO,
when I can sell BOScoin on open markets?
Topic: [ANN][BOS] 🔹🔹 BOScoin 🔹🔹 Self-Evolving Cryptocurrency Platform🔹🔹 - page 273. (Read 227603 times)
March 24, 2017, 12:15:36 AM
March 24, 2017, 12:12:30 AM
Is there a difference between 10,000 BOScoins and 40,000 BOScoins?
There's a big difference between having 40,000 BOScoin and 10,000 BOScoins.
If you have 40,000BOS and are running a full node,
you can receive Freezing reward and confirmation reward.
With 10,000BOS you cannot run a full node.
March 23, 2017, 10:16:12 PM
Is there a difference between 10,000 BOScoins and 40,000 BOScoins?
March 23, 2017, 10:13:18 PM
We just published how BOScoin's Congress System solves consensus conflicts on the blockchain:
https://medium.com/boscoin/how-to-solve-consensus-conflicts-in-blockchain-661982f466c3#.y9gcz32ik
https://medium.com/boscoin/how-to-solve-consensus-conflicts-in-blockchain-661982f466c3#.y9gcz32ik
March 23, 2017, 09:17:42 PM
Many altcoin ICO in this month, many investor confused
goodluck dev
goodluck dev
Yes, there are many ICOs nowadays. But not this month. BOScoin ICO will start in 17, April. Thanks.
Ok, one month left, will you have signature bounties or translation bounties for people? You have used bitcointalk forum paid ad, you should have campaigns for us to promote for you.
We will announce bounty program including signature, translation, blogging and others. Wait a bit.
Hello. Do you need a campaign manager for your project? I'm willig to apply if you need it. Just PM me and gave me the detail of your bounty program. Thanks
Thanks for the offer. We'll going to be launching the Bounty Program in about 1-2 weeks.
Could you please let us know which language campaign you would like to manage?
March 23, 2017, 09:15:53 PM
Many altcoin ICO in this month, many investor confused
goodluck dev
goodluck dev
Yes, there are many ICOs nowadays. But not this month. BOScoin ICO will start in 17, April. Thanks.
Ok, one month left, will you have signature bounties or translation bounties for people? You have used bitcointalk forum paid ad, you should have campaigns for us to promote for you.
We will announce bounty program including signature, translation, blogging and others. Wait a bit.
Hello. Do you need a campaign manager for your project? I'm willig to apply if you need it. Just PM me and gave me the detail of your bounty program. Thanks
Thanks for the offer. We'll going to be launching the Bounty Program in about 1-2 weeks.
Could you please let us know which language campaign you would like to manage?
March 23, 2017, 04:54:15 AM
Many altcoin ICO in this month, many investor confused
goodluck dev
goodluck dev
Yes, there are many ICOs nowadays. But not this month. BOScoin ICO will start in 17, April. Thanks.
Ok, one month left, will you have signature bounties or translation bounties for people? You have used bitcointalk forum paid ad, you should have campaigns for us to promote for you.
We will announce bounty program including signature, translation, blogging and others. Wait a bit.
Hello. Do you need a campaign manager for your project? I'm willig to apply if you need it. Just PM me and gave me the detail of your bounty program. Thanks
March 23, 2017, 04:41:39 AM
What is the inflation-rate of the coin?
How many coins in total will be issued?
What is the Emission rate?
How many coins in total will be issued?
What is the Emission rate?
Freezing rewards are distributed relative to the number of BOScoin units frozen in a node
and are issued every 720 blocks(roughly one hour).
Initially, the total amount is 11,500.
The reward decreases by 11.16% over every 6.31 million blocks–roughly 1 year – over 50 years.
You can learn more details from the BOScoin White Paper
https://www.boscoin.io/wordpress/wp-content/themes/boscoin/src/pdf/BOScoinWhitePaper.pdf
March 23, 2017, 04:36:39 AM
What is the inflation-rate of the coin?
How many coins in total will be issued?
What is the Emission rate?
How many coins in total will be issued?
What is the Emission rate?
March 23, 2017, 04:31:19 AM
I'm interested in the BOScoin, is there any way of getting BOScoin before it launches?
Great! You can get BOScoin during the ICO period. You can check the official ICO schedule on our website - https://boscoin.io
March 23, 2017, 04:25:01 AM
I'm interested in the BOScoin, is there any way of getting BOScoin before it launches?
March 23, 2017, 04:22:19 AM
Many altcoin ICO in this month, many investor confused
goodluck dev
goodluck dev
Yes, there are many ICOs nowadays. But not this month. BOScoin ICO will start in 17, April. Thanks.
Ok, one month left, will you have signature bounties or translation bounties for people? You have used bitcointalk forum paid ad, you should have campaigns for us to promote for you.
Thanks for noticing the BOScoin Bitcointalk Banner Ads. The BOScoin Bitcointalk "Signature Campaign" will start in about 1-2 weeks.
March 23, 2017, 04:15:14 AM
waiting for bounty Boscoin dev , translate and social media
We're going to announce the Translation and Social Media Marketing bounty first. The development bounty will be announced after the marketing bounty.
March 23, 2017, 04:08:20 AM
Is there any bounty program for this coin?
We're finalizing the details on the BOScoin bounty program. The bounty program should be out in 1-2 weeks.
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Earn bitcoins every hour, link below at signature.
March 22, 2017, 11:44:32 PM
Is there any bounty program for this coin?
March 21, 2017, 09:43:30 PM
How does future scalability for your blockchain work?
Could you clarify your question, please? I'm assuming you are asking about the decision making process, but just wanted to make sure if I get it right.
I wondering if BOS will face the same issues as BTC in the future, issues over the blockchain scaling to handle transactions?
It's all about making a decision that people agree. To reach that goal, node operators should be able to discuss an issue and agree on one decision. BOScoin has the Congress system where people can make decisions with certain rules. People will be trained as they are making more decisions and we believe that the Congress will eventually be able to handle all problems and issues including scaling the blockchain.
Based off the whitepaper, the Congress system seems like a good way to avoid a lot of the chaos that tends to surround cryptocurrency management. Decisions effect multiple levels of the blockchain, from the scaling to the transactions themselves. It seems like it will be an extremely powerful system. Likewise, as I stated above, it seems to add the capability to truly create communities around BOScoin that have direct influence on the chain.
There are incentives for nodes to operate in the best interest of the system. However, according to the whitepaper these incentives can be changed as well which means BOScoin has a shifting game theory that I don't think we've seen ever. Also seems like a more organic solution than miner fees for insuring the lifespan of the system. I was wondering if the system has a 'benevolent dictator' that can overrule a decision or is the congress truly democratic? Secondly, do people believe that one or the other is superior? We can vote on that...
March 21, 2017, 06:57:50 PM
waiting for bounty Boscoin dev , translate and social media
March 21, 2017, 12:57:27 AM
How does future scalability for your blockchain work?
Could you clarify your question, please? I'm assuming you are asking about the decision making process, but just wanted to make sure if I get it right.
I wondering if BOS will face the same issues as BTC in the future, issues over the blockchain scaling to handle transactions?
It's all about making a decision that people agree. To reach that goal, node operators should be able to discuss an issue and agree on one decision. BOScoin has the Congress system where people can make decisions with certain rules. People will be trained as they are making more decisions and we believe that the Congress will eventually be able to handle all problems and issues including scaling the blockchain.
March 20, 2017, 11:41:36 PM
I was thinking about mFBA and the congress structures some more and I think it would be helpful for users if the block explorer had more robust tools than your average block explorer. For instance, with the freezing structures, the block explorer could show individual nodes with their currently frozen coins with user coins. Likewise, the block explorer could have social tools which allow people to register their nodes and market opportunities with BOScoin. This way, BOScoin acts just as much as a social platform and attracts more devs and users.
Although it is an oft underappreciated element of a crypto, the social element is what attracts (or pushes away) many people to digital currencies in general. Just look at what Dash has done. I think there is a lot of virtue in BOScoin cultivating a really positive community with not just media but with the systems of their coin itself.
Although it is an oft underappreciated element of a crypto, the social element is what attracts (or pushes away) many people to digital currencies in general. Just look at what Dash has done. I think there is a lot of virtue in BOScoin cultivating a really positive community with not just media but with the systems of their coin itself.
March 20, 2017, 03:03:50 AM
I am really interested in the Modified Federated Byzantine Agreements (mFBA) spoken about in the whitepaper that allow for the Governance system to interact with the Proof of Work System.
The section is here:
There are some really interesting implications to this system. For me, one of the the most intriguing aspects is the game theory aspect of having users freeze funds inside of nodes then basing the freezing reward off of the node's own frozen funds. I think this will lead to small 'lending' groups of people who work together with nodes to take care of the system. With the current governance chaos of Bitcoin, it will be interesting to see what happens when the system and the users are creating confederations. It really does seem like multi-level consensus.
Does anyone here have any experience working with the Byzantine Tolerance systems or have any insights about the BOScoin solution? I know they have been used in traditional data-basing and P2P systems in the past and I am amped to see how they perform as more proof of stake systems enter the wild.
The section is here:
Quote
b. Federate Byzantine Agreement Consensus Algorithm 14
Bitcoin’s consensus mechanism and the traditional Byzantine agreement based protocols
require a unanimous agreement by all participants of the network. However, the federated
Byzantine agreement(FBA) does not require an unanimous agreement by all participants and
additionally each node can choose which nodes to trust. This results in faster transactions
without losing integrity of the financial network and allowing for organic growth of the network.
FBA implemented this type of non-unanimous consensus mechanism by grouping nodes into
teams (also known as a Quorums). When a transaction is made, the information is sent to all
those in the group. Rather than waiting for the whole network to agree on the state of the
data, if a node hears the same message from a sufficient number of trusted nodes, the node
assumes the information is correct. The overlapping of nodes, or loose federation of nodes,
results in different nodes that have different sets of teams to agree on the same transactions.
This leads to a system-wide consensus, without requiring unanimous agreement for each
transaction block.
In situations where nodes are in disagreement over a fraudulent transaction, there is a ballot
system embedded into the system to overcome such issues. Further technical details
regarding FBA can be found in Stellar’s consensus protocol paper.
c. How is the modified federated Byzantine agreement(mFBA) algorithm different?
In addition to FBA, the BOScoin consensus protocol also applies a Proof of Stake feature for
the maintenance of the governance system. Users can freeze coins in units of 10,000 BOS
within a node and forgo liquidity in return for newly issued BOScoin(similar to interest on
savings) based on the total number of frozen coin in the node. The frozen coins in the node
then act as both an economic incentive to operate a node as well as collateral for the security
and integrity of the information held in the node’s blockchain. According to the pre-set rules, if
the node is discovered to have forged the blockchain on the node, the frozen coins are
forfeited to the Commons Budget.
Bitcoin’s consensus mechanism and the traditional Byzantine agreement based protocols
require a unanimous agreement by all participants of the network. However, the federated
Byzantine agreement(FBA) does not require an unanimous agreement by all participants and
additionally each node can choose which nodes to trust. This results in faster transactions
without losing integrity of the financial network and allowing for organic growth of the network.
FBA implemented this type of non-unanimous consensus mechanism by grouping nodes into
teams (also known as a Quorums). When a transaction is made, the information is sent to all
those in the group. Rather than waiting for the whole network to agree on the state of the
data, if a node hears the same message from a sufficient number of trusted nodes, the node
assumes the information is correct. The overlapping of nodes, or loose federation of nodes,
results in different nodes that have different sets of teams to agree on the same transactions.
This leads to a system-wide consensus, without requiring unanimous agreement for each
transaction block.
In situations where nodes are in disagreement over a fraudulent transaction, there is a ballot
system embedded into the system to overcome such issues. Further technical details
regarding FBA can be found in Stellar’s consensus protocol paper.
c. How is the modified federated Byzantine agreement(mFBA) algorithm different?
In addition to FBA, the BOScoin consensus protocol also applies a Proof of Stake feature for
the maintenance of the governance system. Users can freeze coins in units of 10,000 BOS
within a node and forgo liquidity in return for newly issued BOScoin(similar to interest on
savings) based on the total number of frozen coin in the node. The frozen coins in the node
then act as both an economic incentive to operate a node as well as collateral for the security
and integrity of the information held in the node’s blockchain. According to the pre-set rules, if
the node is discovered to have forged the blockchain on the node, the frozen coins are
forfeited to the Commons Budget.
There are some really interesting implications to this system. For me, one of the the most intriguing aspects is the game theory aspect of having users freeze funds inside of nodes then basing the freezing reward off of the node's own frozen funds. I think this will lead to small 'lending' groups of people who work together with nodes to take care of the system. With the current governance chaos of Bitcoin, it will be interesting to see what happens when the system and the users are creating confederations. It really does seem like multi-level consensus.
Does anyone here have any experience working with the Byzantine Tolerance systems or have any insights about the BOScoin solution? I know they have been used in traditional data-basing and P2P systems in the past and I am amped to see how they perform as more proof of stake systems enter the wild.
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