To say that God V is the initiator of the concept of Ethereum, Gavin Woods is the person who realized Ethereum, and he is the originator of Ethereum. Later, he realized that the Ethereum itself was flawed and could not realize his vision of web3.0 and promote reconstruction. Therefore, he came out of the Ethereum community and founded a new blockchain project-POKA. So many people think that pocahontas is the challenger of Ethereum.
In addition to the founder, the Boca team is also a highlight. The Web3 Foundation behind Boca commissioned five teams, and 100 developers built Boca. In addition to the technical team, there are also special teams responsible for community and growth, business cooperation, education and training, and fund allocation. In July this year, Boca also announced that the leadership team had added three new executives, many of whom had worked in Microsoft. So it can be said that Boca was born with a golden key.
What is Boca? Boca coins are also called point coins, and the English full name is Polkadot. It is the pinnacle of Web3.0 craze and new public chain, and is called the public chain with the greatest potential in the future.
DOT was released on May 20 19. Up to now, it has been listed on the 103 exchange, with a market value of10/0/.51billion dollars. The currency that has been in the top ten of the currency circle for a long time has now surpassed dogecoin and ranked eighth.
Why can boca coins be popular?
1. The founding leadership team is awesome. As just analyzed, Boca's leadership team comes from the Ethereum community, and the project development team is gorgeous, consisting of 30 top developers, including various experts in system programming, cryptography and distributed systems. The technical and operational leading teams have a clear division of labor, and they are all the best in the cryptocurrency industry, so they have developed by the east wind of Web3.0 at once.
2. Excellent skills. Boca is a decentralized Internet, and users have complete control. It envisions the Internet that everyone's identity and data are controlled by themselves and are not influenced by any centralized organization. Boca aims to connect private chain, alliance chain, public chain, open network, prophecy machine and future technology that has not yet been created.
3. Boca can link multiple blockchains. Stuck in the structure, it is a project that can be expanded indefinitely. The core of Boca structure is to have a relay chain, and then connect multiple parallel chains and a relay bridge through slots (the relay bridge can link other chains different from Boca identification mechanism, such as Bitcoin and Ethereum). However, a trunk chain can only link 100 slots, but one slot can link another parallel trunk chain. This new trunk chain can link 100 slots, so it can achieve unlimited scalability, similar to it can have multiple forks.
The timing of Boca's development is very suitable. PokCard is developed based on the direction of Web3.0. As a knowledge engine, PokCard will connect other Web3.0-oriented projects and act as the underlying connector. For example, as a decentralized and encrypted information distribution system, the famous distributed storage project IPFS will also be combined with PokCard. It can be said that Boca conforms to the trend of Web3.0 and the development trend of the times.
5. Boca has a feasible source of funds. Boca has designed an elaborate mechanism to centralize the funds for ecological construction. This mechanism is the Ministry of Finance. The national treasury is a point fund pool, which can improve the transaction cost, punishment and income on Boca, and the sources of funds of these three departments are all designed into Boca's economic model, which means that as long as Boca keeps running, the national treasury will have a constant source of funds. At the same time, Boca's team can also be decentralized and gradually move towards decentralized governance.