BOScoin to release testNet

BOScoin is going to release its testNet along with its consensus protocol ISAAC on June 15
24 May 2018   400

BOScoin prepares for the testNet launch on June 15. The release will be accompanied with public testNet nodes and the ISAAC consensus protocol. Following the testNet launch trust contracts and the governance system will be integrated in the course of several months. mainNet is scheduled for Q4 2018.

The testNet code will become available at the project GitHub - users will be able to track the progress all the time. The necessary condition for the mainNet release is a thorough test of Trust Contracts, the consensus protocol and the governance. The instructions on how to setup and run a public node for users will be published on the launch date – June 15.

BOScoin (Blockchain Operating System) is aiming to provide a sustainable and evolutionary global decentralized platform. The project specifics lies within a new type of Smart Contract, i.e. Trust Contract - trust and reliable Smart Contracts that are not Turing-complete, but decidable. The vision behind the Trust Contracts is for general public to be able to write contracts. At the moment of publication, BOScoin market parameters are as follows:

Average price 0.136782 USD
Market cap 60,899,757 USD
Volume (24H) 226,669 USD

Gemini & Partners to Launch Virtual Commodity Association

Association is created to develop standards for the industry, promote transparency in the market and cooperate with regulators, including the CFTC
20 August 2018   92

Several major exchanges decided to create a new structure designed to eradicate manipulation in the digital assets market, Bloomberg reports.

The Virtual Commodity Association was formed by the founders of the exchange Gemini Cameron and Tyler Winklewoss. According to a statement released on Monday, the group also included Bitstamp, BitFlyer USA and Bittrex. Representatives of four trading platforms will meet in September to consolidate the provisions for the future functioning of the organization.

The Virtual Goods Association will develop standards for the industry, promote transparency in the market and cooperate with regulators, including the Commodity Futures Trading Commission of the United States (CFTC), in order to prevent manipulation of Bitcoin, Ethereum and other currencies.

As the temporary executive director of the organization, Maria Filipakis, who worked in the Financial Services Department of New York, was appointed, where she took part in the creation of a BitLicense.

Earlier, the Winklewoss brothers tried to launch their own ETF, tied to bitcoin, but the US Securities and Exchange Commission denied them twice, as the reasons for its decision, among other things, calling for the absence of adequate measures to prevent cryptocurrency market manipulations.