Short description
BOScoin is a Self-Evolving Cryptocurrency Platform for Trust Contracts. "Trust Contracts" will provide a decidable and approachable framework for creating and executing contracts on the blockchain. The "Congress Network" is aimed towards creating a more democratic and productive decision making process. And the incentive scheme and issuance plan is aimed towards creating value for the coin while deterring the centralization of power. The Modified Federated Byzantine Agreement algorithm will allow for low latency transactions while being more energy efficient. BOScoin aims to overcome the technical and operational issues inherent in many cryptocurrencies.
Abstract
The BOScoin platform is a decentralized self-evolving cryptocurrency that is built on Trust Contracts and an embedded decision making system called the Congress Network. (1) Trust Contracts are securely executable contracts based on a protocol layer called Owlchain, which consists of the Web Ontology Language and the Timed Automata Language. Trust Contracts aim to overcome the issues regarding non-decidable smart contracts by using a more contained and comprehensible programming framework which provides secure and decidable transactions of contracts. (2) The Congress Network is the decision making body in the BOScoin platform which solves governance issues arising in decentralized organizations. Through a clearly defined and automated governance system, we aim to continuously develop the community and software into a more anti-fragile ecosystem