Launched in 2017, Beonpushcoin(BOPS) is a perspective cryptocurrency backed by 200,000 membership network that is constantly growing its reach worldwide. The idea to create Beonpushcoin came into light in June 2016 through the Beonpush membership network developed by Beonpush Inc., an advertising agency located in Dubai, United Arab Emirates. Being backed by fans all over the world allows the currency to have dynamic development based on trade, software development, and direct exchange and purchase with Beonpushcoin. This coin can also be used to buy products through an online market, further improving the chances of its better future. BOPS is currently listed in two exchanges, making it accessible for the users.
Beonpushcoin believes in transparency which is why it is based on an open source software project released under the MIT license, allowing the users to run, modify and copy the software to distribute the modified copies of the software.
The miners are currently being awarded 15 new Beonpushcoins per block, which gets halved every 4 years or every 8000,000 blocks. It means that the Litecoin network is scheduled to generate 80 million BOPS, which is four times the number of Bitcoin produced. It has one official pool and several private pools active that have reached a combined hash power of 258.0478 Gh/s. This means that the miners are believing in BOPS and using their machined electricity and time to mine it.
Beonpushcoin is created with an aim to build an alternative protocol for building decentralized applications, where factors like rapid development time, security for small and rarely used applications, and the ability of different applications to interact efficiently are especially important. By offering a blockchain with inbuilt Turing-a complete programming language that allows anyone to write smart contracts and decentralized applications with their own set of rules, transaction formats, and state transition functions.
Beonpushcoin has several other applications, one of the major one being the financial applications, through which it provides the users with powerful and effective ways of managing and entering into contracts using money in the form of sub-currencies, hedging contracts, wills, financial derivatives, savings wallets and more. The semi-financial applications of Beonpushcoin include self-enforcing bounties for solutions to computational problems, where money is involved but with a non-monetary side to it. Some of the non-financial applications of the coin include online voting and decentralized governance.
Beonpushcoin protocol is much more than a cryptocurrency. It is an advanced protocol that features all the characteristics of a mainstream digital currency and also has applications like decentralized file storage, decentralized computation, and decentralized prediction markets among others. It follows the concept of arbitrary state transition function that makes it an open-ended platform that serves as a foundation layer for a large number of financial and non-financial protocols in the years to come.
More information about the same can be found at beonpushcoin.com.
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