Cosmos, a project aiming to build an 'internet of blockchains', and BOScoin, the leading cryptocurrency platform in South Korea, have entered into a strategic partnership agreement to share resources, conduct research on blockchain technologies, and help expand the overall blockchain network.
Cosmos aims to create a network of distributed ledgers, which will solve various persistent problems in the blockchain ecosystem, including proof-of-stake, scalability, and interoperability of chains. The Cosmos network is comprised of independent parallel blockchains called “zones”. Each zone is powered by the Tendermint Byzantine fault-tolerant (BFT) and consensus algorithm, with Cosmos as the underlying network that connects them together.
Jae Kwon is a founder of Cosmos and a director of the Interchain Foundation, which recently concluded a fundraiser for Cosmos. The platform raised an astounding $17 million in just half an hour.
Kwon is also the creator of Tendermint, a consensus engine that secures distributed ledgers without the need for wasteful proof-of-work energy expenditure.
"Cosmos is creating a common infrastructure for the internet of blockchains, to enable projects like BOScoin to focus on creating uniquely innovative financial applications while benefiting from our state of the art open-source consensus engine and growing ecosystem of interconnected applications”, Kwon said.
BOScoin aims to create a self-evolving cryptocurrency platform. It utilizes executable smart contracts called "Trust Contracts" and has a decision-making body called the "Congress Network" to ensure perpetual adaptation.
"With so many technological advances, it's impossible to even predict the next 5 years. BOScoin is designed to evolve through an internal funding and voting system”, Changki Park, BOScoin CEO, said in a statement.
The BOScoin Fundraiser starts on May 10th, 2017 (GMT). The Fundraiser will last for 41 days. Overall 276,093,688.786 BOScoins will be distributed.
