Boscoin Freezing Reward Calculator

Ledger Nano S - The secure hardware wallet

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Few assumptions has been made while calculating node rewards. Actual rewards can be less or more based on boscoin mainnet network stats.

Frequently asked questions

Coin Freezing is a Proof of Stake concept where if a user locks-in their coins and in return they will receive interest based on the number of coins frozen and the length of time the coins are stored. This interest is called the Freezing Reward. Users can freeze coins in units, which are sets of 10,000 BOS. Frozen coins are used as collateral in case of attempted forgery of the blockchain. If a node attempts to forge the blockchain, a portion of the frozen coins are confiscated and sent to the Commons Budget. Additionally the system requires two weeks prior notice to unfreeze coins, as a mechanism to promote price stability.
Freezing Reward:‚Äč Congress Members receive the same amount of interest as normal wallet users when coins are frozen. Starting from the first year, a total of 5,400 BOS is distributed equally to each unit of frozen BOScoins. This freezing reward is issued every 720 blocks(roughly one hour). The total amount that is distributed decreases by 5.00% year on year over 59 years.
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