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ngthteh
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March 18, 2017, 04:25:05 PM |
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you're welcome sir, happy weekend too
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I HATE TABLES I HATE TABLES I HA(╯°□°）╯︵ ┻━┻ TABLES I HATE TABLES I HATE TABLES
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imjustsayintho
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March 18, 2017, 05:36:56 PM |
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How does future scalability for your blockchain work?
Could you clarify your question, please? I'm assuming you are asking about the decision making process, but just wanted to make sure if I get it right.  I wondering if BOS will face the same issues as BTC in the future, issues over the blockchain scaling to handle transactions? |
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guffie
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March 19, 2017, 12:11:04 AM |
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i think BOScoin with great altcoin concept
goodluck dev
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stue
Member
 Offline
Activity: 434
Merit: 10
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March 19, 2017, 07:13:04 AM |
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Many altcoin ICO in this month, many investor confused
goodluck dev
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bf_jyfty
Member
Offline
Activity: 183
Merit: 10
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March 19, 2017, 07:58:20 AM |
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i think BOScoin having a great altcoin concept too
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bitpotter
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March 19, 2017, 08:08:30 AM |
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There will be something new here.
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BlockchainOS (OP)
Full Member
Offline
Activity: 182
Merit: 100
https://boscoin.io
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March 19, 2017, 11:32:09 AM |
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Thank you for your translation. We will announce bounty program soon and we will give you bounty according to the program. Thanks again. |
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BlockchainOS (OP)
Full Member
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Activity: 182
Merit: 100
https://boscoin.io
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March 19, 2017, 11:34:10 AM |
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i think BOScoin with great altcoin concept
goodluck dev
Thank you for your praise and encouragement. We will do our best! |
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BlockchainOS (OP)
Full Member
Offline
Activity: 182
Merit: 100
https://boscoin.io
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March 19, 2017, 11:39:53 AM |
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Many altcoin ICO in this month, many investor confused
goodluck dev
Yes, there are many ICOs nowadays. But not this month. BOScoin ICO will start in 17, April. Thanks. |
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honghaisea
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March 19, 2017, 11:42:33 AM |
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keep an eye on this , there is 1 month time left, do not know what will happen then, and now BTC price change too fast.  |
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BlockchainOS (OP)
Full Member
Offline
Activity: 182
Merit: 100
https://boscoin.io
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March 19, 2017, 11:45:31 AM |
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i think BOScoin having a great altcoin concept too
Thank you. It is not easy to understand the concept and strategy of BOScoin. You have an eye for the blockchain.  |
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BlockchainOS (OP)
Full Member
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Activity: 182
Merit: 100
https://boscoin.io
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March 19, 2017, 11:48:43 AM |
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There will be something new here.
That's right. Trust Dontracts with OWL and TAL technology is really new concept to build secure programs. We are preparing some materials that can help understand this easily. Please keep in touch with.  |
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BlockchainOS (OP)
Full Member
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Activity: 182
Merit: 100
https://boscoin.io
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March 19, 2017, 11:53:09 AM |
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keep an eye on this , there is 1 month time left, do not know what will happen then, and now BTC price change too fast. That's right. Some people said there would be hardforking of bitcoin, but who knows. Wait and see.  |
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tommy163
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March 19, 2017, 12:25:42 PM |
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Many altcoin ICO in this month, many investor confused
goodluck dev
Yes, there are many ICOs nowadays. But not this month. BOScoin ICO will start in 17, April. Thanks. Ok, one month left, will you have signature bounties or translation bounties for people? You have used bitcointalk forum paid ad, you should have campaigns for us to promote for you. |
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midvidyk
Legendary
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Activity: 1330
Merit: 1012
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March 19, 2017, 01:48:04 PM |
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Thank you for your translation. We will announce bounty program soon and we will give you bounty according to the program. Thanks again. Thanks |
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BlockchainOS (OP)
Full Member
Offline
Activity: 182
Merit: 100
https://boscoin.io
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March 20, 2017, 03:12:55 AM |
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Many altcoin ICO in this month, many investor confused
goodluck dev
Yes, there are many ICOs nowadays. But not this month. BOScoin ICO will start in 17, April. Thanks. Ok, one month left, will you have signature bounties or translation bounties for people? You have used bitcointalk forum paid ad, you should have campaigns for us to promote for you. We will announce bounty program including signature, translation, blogging and others. Wait a bit. |
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m140v
Newbie
Offline
Activity: 14
Merit: 0
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March 20, 2017, 08:03:50 AM |
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I am really interested in the Modified Federated Byzantine Agreements (mFBA) spoken about in the whitepaper that allow for the Governance system to interact with the Proof of Work System. The section is here: b. Federate Byzantine Agreement Consensus Algorithm 14
Bitcoin’s consensus mechanism and the traditional Byzantine agreement based protocols
require a unanimous agreement by all participants of the network. However, the federated
Byzantine agreement(FBA) does not require an unanimous agreement by all participants and
additionally each node can choose which nodes to trust. This results in faster transactions
without losing integrity of the financial network and allowing for organic growth of the network.
FBA implemented this type of non-unanimous consensus mechanism by grouping nodes into
teams (also known as a Quorums). When a transaction is made, the information is sent to all
those in the group. Rather than waiting for the whole network to agree on the state of the
data, if a node hears the same message from a sufficient number of trusted nodes, the node
assumes the information is correct. The overlapping of nodes, or loose federation of nodes,
results in different nodes that have different sets of teams to agree on the same transactions.
This leads to a system-wide consensus, without requiring unanimous agreement for each
transaction block.
In situations where nodes are in disagreement over a fraudulent transaction, there is a ballot
system embedded into the system to overcome such issues. Further technical details
regarding FBA can be found in Stellar’s consensus protocol paper.
c. How is the modified federated Byzantine agreement(mFBA) algorithm different?
In addition to FBA, the BOScoin consensus protocol also applies a Proof of Stake feature for
the maintenance of the governance system. Users can freeze coins in units of 10,000 BOS
within a node and forgo liquidity in return for newly issued BOScoin(similar to interest on
savings) based on the total number of frozen coin in the node. The frozen coins in the node
then act as both an economic incentive to operate a node as well as collateral for the security
and integrity of the information held in the node’s blockchain. According to the pre-set rules, if
the node is discovered to have forged the blockchain on the node, the frozen coins are
forfeited to the Commons Budget.
There are some really interesting implications to this system. For me, one of the the most intriguing aspects is the game theory aspect of having users freeze funds inside of nodes then basing the freezing reward off of the node's own frozen funds. I think this will lead to small 'lending' groups of people who work together with nodes to take care of the system. With the current governance chaos of Bitcoin, it will be interesting to see what happens when the system and the users are creating confederations. It really does seem like multi-level consensus. Does anyone here have any experience working with the Byzantine Tolerance systems or have any insights about the BOScoin solution? I know they have been used in traditional data-basing and P2P systems in the past and I am amped to see how they perform as more proof of stake systems enter the wild. |
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m140v
Newbie
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Activity: 14
Merit: 0
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March 21, 2017, 04:41:36 AM |
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I was thinking about mFBA and the congress structures some more and I think it would be helpful for users if the block explorer had more robust tools than your average block explorer. For instance, with the freezing structures, the block explorer could show individual nodes with their currently frozen coins with user coins. Likewise, the block explorer could have social tools which allow people to register their nodes and market opportunities with BOScoin. This way, BOScoin acts just as much as a social platform and attracts more devs and users.
Although it is an oft underappreciated element of a crypto, the social element is what attracts (or pushes away) many people to digital currencies in general. Just look at what Dash has done. I think there is a lot of virtue in BOScoin cultivating a really positive community with not just media but with the systems of their coin itself.
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