Along with the emergence of cryptocurrencies, the blockchain technology has developed rapidly in recent years. In some countries, blockchain technology was mooted as one of the frontier technologies within the National Strategic Layout. Blockchain technology is going to provide the fundamental infrastructure for the next generation of Internet – the Internet of Value and is now collaborating with emerging technologies in different fields to progressively expand the application range. As we know, the IoT network is seen as an extension of the Internet, so it is inevitable that IoT will eventually be merged with blockchain. Especially considering the security issues involved with massive amounts of data potentially being collected by IoT devices in the future.
Bostoken aims to solve a wide range of the current problems of IoT networks in terms of data security, data circulation, data sharing and data transactions, thus enhancing the efficiency of the whole IoT ecosystem.
BOS Blockchain introduces the concept of “lastic sharding at layer one” which facilitates the integration of IoT devices with the Bostoken blockchain network. With the use of Edge Computing technology, it enables every device on the IoT network to be utilized as a mining machine, making every IoT device that uses Bostoken subject to mining rewards. Owing to the use of blockchain technology, the data source will always be reliable and verifiable on the BOS Blockchain network. Furthermore, the value of the data is quantified and data transfers are fast and secured. This makes it easier for IoT standards to emerge, unlocks a plethora of new IoT application scenarios and boosts the whole industry to enter the next level of development.
BOS Blockchain' Features
* Security
Security has been a hot topic of discussion when it comes to Cryptocurrencies for a long time. The security of many Cryptocurrencies is being called into question due to the inherent dangers of the online world such as hacking attacks and data breaches. The Bostoken team has put our minds together and formed a security policy to prevent, deter, and eliminate the threat of external malicious attacks on our system.
* Feasibility
One of the core elements incorporated in designing Bostoken was feasibility and overall practical use. We want Bostoken to be a beacon of success in the Cryptocurrency world and we’re of the belief that all our users, big and small, are entitled to a share in the prosperity.
* Speed
Speed is an often touched on point by many Cryptocurrencies, and rightfully so, having a fast network works wonders, especially in the complex world of Cryptocurrency, Our team has devoted a good portion of our time to make sure that our Network is as fast as possible. From transaction speed to Wallet syncing we’ve optimized every angle to get it running as fast as it should, and it’s an ongoing process.
Under the current blockchain technical architecture, value creation and transfer are combined, which has great practical value in certain instances and this value will increase in time. The success of Bitcoin and Ethereum is the best evidence for this kind of algorithm. However, these algorithms are no longer suitable for the future requirements in the IoT industry. At Bostoken, we think of every device as if it were a mining machine. Every IoT device in Bostoken will play the role of a mining machine, and they will constantly create value. However, all of the features of devices and values created are varied according to device and function.
The requirements of Bostoken cannot be secured if we continue to follow the existing protocol which is a combination between value creation and value transfer in the blockchain. Hence the algorithm was developed for Bostoken, and the benefits from this algorithm is to separate value creation and value transfer.
After the separation has been made, the facet of value creation is responsible solely for creating the value. With regards to differing devices, those corresponding algorithm will be tailored so that they can meet the diverse requirements demanded by IoT devices. IoT device to become a new consensus algorithm and create uniform value according to the Bostoken standard, supported by a uniform consensus algorithm layer.
To Learn More About Bostoken Please visit
Website: https://www.bostoken.co/
Twitter: https://twitter.com/bosblockchain
Telegram: https://t.me/bostokenofficial
Ethere scan: https://etherscan.io/token/0x3c0cac8290e2a6241814f812259278bea9050838
Email: [email protected]
