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BOSagora is an open decentralized blockchain that is built using open source software from the public domain. The goal is to make a better world by using blockchain technology as a project enabler.
BOSagora is a blockchain that uses a Proof of Stake consensus mechanism which means that it is very energy efficient. It uses a tiny fraction of the energy used by Proof of Work consensus blockchains which are very wasteful in energy consumption. For example, BitCoin requires more energy than some countries to keep it secure.
BOSagora has generous rewards given to those that keep it secure and also gives them voting rights in funds that can be used for projects to make a better World.
BOSagora is pursuing democracy, legitimacy, fairness, transparency and efficiency of the highest standards.
The ultimate goal is for the BOSagora blockchain to be fully open and distributed to all using only PoS consensus. However, the first step to achieve this was to start with a Proof of Authority consensus mechanism which is also very energy efficient. This was to enable early adoption of the chain. The next step is to add a PoS consensus layer that runs alongside the PoA chain. In a similar way to how Ethereum had a PoW and PoS chain to enable the transition from PoW to only PoS. A A PoS consensus chain BOSagora runs with a PoA execution chain to prove secure and reliable, and the Agora Chain has been completely changed to a PoS consensus chain.
