BOS Newsletter - Dec. 26th, 2017

Development Updates

Although we can pretty much agree that creating an ERC20 token would have been much easier, we also hoped to learn and gain from the experience of running a separate consensus protocol and this would also help in creating our own consensus protocol. As you probably know, BOScoin's current consensus protocol is more or less identical to Stellar's Federated Byzantine Agreement, or SCP, but we have been working to modify FBA to better suit our project. We are currently testing an Advanced Federated Byzantine Agreement model and proof of concept is currently under way, as well as a full request code review. A second model has already completed code review and testing of reaching consensus within a quorum. We are also trying to downsize the traffic of FBA to improve latency by gathering up all traffic within a timeframe to a single bundle.

Trust Contracts will be programmable and approachable using ontology and below is a simple diagram on how to understand the flow. Testing of prototypes are currently being made for the flow to work in use cases such as transfer and raising of funds.