BoostCoin NewsThe future of BoostCoin.Background:As most of you know BoostCoin was the first ever X13 Proof of Work + Proof of Stake hybrid blockchain to exist. Still going strong after 3.5 years, the blockchain has gone through many iterations implementing new technologies along the way.
Recent events in China:The decision made by the Chinese Cryptocurrency Exchange BTC38 to swap the values of many coins they had listed into a project called INFchain (INF) has created a new opportunity for all BOST holders.
After banning all ICO activates and recent news from the Chinese regulatory authorities that they are banning all local exchanges from trading any AltCoin for Chinese Yuan (CNY) to curb illegal money movements, these actions looks likely to completely wipe all value in the INFchain project, as at present it can only be traded in China against CNY. This present a huge opportunity for BOST, as all BTC38 account holders were allowed to withdraw their BOST holdings after the values had been exchanged into the INFchain currency. A recent look at their cold storage reserves on BTC38 shows only about 133k BOST left on there. This means that the rest of the ~12m coins in existence have been transferred out of the exchanges into the users’ wallets, making them available to trade elsewhere such as
https://C-Cex.com Opportunity:New and existing users from China and the rest of the world can continue trading in BOST against Bitcoin (BTC) outside of the Chinese regulations.
Next developments:BOST v2: It’s time for a complete network overhaul and move onto a more up to date code base.
Re-enable Anonymous messaging: Many of you have PM us regarding this feature, and now that BOST is moving from the Chinese markets this will give you the tools to be able to message each other freely and anonymously, especially if you are connected using the built in Tor-Proxy mode!
Tor network code update: The current Tor network will be updated to bring it in line with current developments
Re-enable X13 Proof of Work mining rewards: Dust of your mining kit because a new PoW reward phase will be coming back soon. Mining pools will be available for you to create new coins and help increase the network stability.
DPOS: Another great feature you’ve been asking for. The current PoS structure needs overhauling to help stop spikes in the staking weight. The new PoS structure will be available when a future soft fork update is applied. The PoS reward will be statically set and increase gradually during a new schedule (to be published) to ensure growth of the network value.
