Korean cryptocurrency company BlockchainOS will hold a BOScoin ICO (Initial Coin Offering) between April 17 – May 31, 2017.
BlockchainOS works towards solving decentralization-related problems in the field of digital currency. To this end, the efforts of the company are aimed at research on the integrity of Decentralized Applications and the decision-making scheme for confirming and revising information on the blockchain.
BOScoin differs from Bitcoin or Ethereum insofar as the cryptocurrency allocates part of the coins issued to a public account named the Commons Budget. These funds can be used by node operators to implement decisions related to the development of the digital currency, and are now likely to be used for its improvement.
BOScoin has also created Trust Contracts, which are rules created by users. They are based on Web Ontology Language (OWL) and TAL, the timed automata language, which offer stringent security. According to the BOScoin team, this is the right approach to avoid system failures such as Ethereum’s DAO project.