Ana Sullivan

BOScoin (BOS) – Will It Drop Price After the Near 12 Percent Increase?

by Ana Sullivan May 25, 2018

BOScoin is a Self-Evolving cryptocurrency platform for Trust Contracts. BOScoin aims to overcome the technical and operational issues inherent in many cryptocurrencies. The BOScoin (BOS) has reached a market capitalization of 68.63 Million dollars in the last 1-Day period. The coin traded 11.59% higher against the U.S. dollar during the last 24 hours ending at 09:00 AM EDTon May 25th. In the course of the last seven days, the coin’s price was showing frequent up and down spikes.

 

 

 

The team that is behindBOScoin has published an overview of their White Paper on the official BOScoin website, which shows in further depth what the BOScoin project is all about.

 

BOScoin (BOS) – Today’s Performance

 

The BOScoin has reached a market capitalization of 68.63 Million dollars in the last 24-hour period. Although, its price seems to be on the rise, it could suddenly drop over the course of a single day. BOScoin (BOS) saw a rise of 11.59% at 09:00 AM EDT, on May, 25th against the US dollar. You can see the price fluctuations in the chart below:

 

 

The graphical chart was taken from the CoinMarketCap website.

 

The current price value is 7.28% higher than that of the US Dollar at 12:00 AM EDT, which is already showing a fast decline.

 

BOScoin (BOS) – Historical Background

 

BOScoin is a Self-Evolving cryptocurrency platform for “Trust Contracts”. BOScoin aims to overcome the technical and operational issues inherent in many cryptocurrencies.

 

Trust Contracts” are securely executable contracts based on a decidable programming framework called Owlchain,which consists of the Web Ontology Language and the Timed Automata Language. Those 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 has yet to prove that it is not a volatile cryptocurrency and for the time being, its price value seems to shift a lot, making it an uncertain choice for traders worldwide.

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