Review on BOScoin by David Olayide
BOScoin
Smart contracts facilitates or enables a lot of applications that we use of the blockchain today and it is essentially one of the most important aspects of the world of cryptocurrencies. But take note that because of the ever changing nature of technology, the smart contracts are not tied down to one specific usage. Smart contracts continue to be used every day for new developments. The developers of the project have referred to it as a self evolving cryptocurrency platform.
BOScoin was developed on two main principles of structures, referred to as Trust Contracts and The Congress Network. Trust Contracts act as a framework for the creation of executable contracts on the blockchain, whereas The Congress Network refers to the mechanism aiming to create more democratic and productive decision making.
By implementing a special kind of algorithm, it will enable low latency transactions and also be more energy efficient. BOScoin aims to overcome the technical and operational issues and problems, that are inherent in many cryptocurrencies. BOS has a circulating supply of 865,842,501 BOS coins. I was disappointed by the low priced value of the coin on the global market.
BOS coins are available on HitBTC and GDAC if you’re interested in purchasing or trading the coins.
Pros
- Energy efficient
- Use of smart-contracts to solve the problems afflicting many cryptocurrencies
Cons
- Underpriced BOS coins
