BOLD is a digital Currency focused on enabling mass adoption of cryptocurrency in ecommerce. BOLD brings fast, secure digital payment to the ecommerce industry, without negative disruption to how merchants receive their funds or how buyers access, acquire or spend cryptocurrency.
At the same time, BOLD provides incentives to owners of nodes that support its network, including special incentives for owners of special nodes (“Masternodes”) which play a greater role in the security, stability and functionality of the network.
BOLD is a Proof-of Stake (PoS) digital currency. Other than the regular nodes that make up the itsnetwork, BOLD also offers incentivized ownership of special nodes (referred to as Masternodes) that more specially complement the security and stability of the network.
- Consensus Protocol: 100% Proof of Stake 3.0
- Block time: 60 seconds
- Difficulty Retargeting: Every block
- Maturity: 50 blocks
- Minimum Staking Age: 3 hours
- Max supply: 200 million
- Block reward: 20 coins
- Masternode reward: 8 coins
- PoS reward: 8 coins
- Governance/Development: 4 coins
- Masternode Collateral: 150,000 coins
With onchain-governance, the BOLD network ensures that the rules for the implementation of code changes, as well as for the disbursement of funds generated for the purpose of advancing the interests of the network, are encoded onto the blockchain itself. Using this feature, Masterternode owners can then vote on code changes or the disbursal of funds in ways that are beneficial to the BOLD network and ecosystem.
Proposals for changes are submitted in monthly cycles, at a cost to the proposer of 25 BOLD per proposal. Once a proposal is submitted to the blockchain, Masternode owners can vote on such proposals, and proposals that have total net yes votes (total “yes” votes - total “no” votes) greater than or equal to 10% of the total number of Masternodes are funded, or in the case of proposal for code changes, those changes are queued to be implemented.
Budget cycles: 30 days
Blocks per cycle: 43,200
Proposal submission fee: 25 BOLD
Proposal finalization fee: 25 BOLD