What is BOS? BOS stands for Blockchain Operating System, which can be considered a next generation operating system with the power of Blockchain following macOS, Linux or Windows. So what’s interesting about the operating system that Near Protocol is building and aiming for? Let’s find out in the article below.
To better understand the article below, people can refer to some more articles such as:
- What is NEAR Protocol (NEAR)? Near Protocol Cryptocurrency Overview
What is BOS?
Problems with Near Protocol today
In recent times, users have only paid attention to Near Protocol as this platform continuously captures emerging market trends such as Zero-knowledge Proof or AI technology. It can be seen that the Near Protocol ecosystem is quite quiet and not active in many different indicators such as:
- Near Protocol’s TVL only fluctuates at $34M and has shown no signs of recovery since the beginning of the year. In a similar situation, Aurora’s TVL fell from $1.33B to just $17M. This confirms that currently the cash flow is no longer located in the Near Protocol and Aurora ecosystems.
- The number of transactions, number of new addresses, number of new contracts,… also decreased, but the decrease was not as strong as TVL. The main traction comes from Social protocols like Sweat.
Recently, we have not seen many updates of Nightshade on Near Protocol. Besides, the introduction of Javascript as a programming language on the Near Protocol ecosystem has not had many positive impacts on the network. Clearly, Near Protocol needs to give itself and its ecosystem more push with new products and strategies.
For the above reasons, the concept of Blockchain Operating System (BOS) was born and Near Protocol is the first project to initiate this new trend.
Overview of BOS
BOS stands for Blockchain Operating System and can be roughly translated as Blockchain Operating System. Similar to how Linux, macOS or Windows make computers user-friendly, Near Protocol also introduces a new type of operating system called NEAR Discovery. With NEAR Discovery, anyone can build and use decentralized applications on any Blockchain through BOS.
At the present time, most DApps are built on operating systems such as macOS, Android, IOS, Windows,… which are centralized operating systems managed and developed by companies, This corporation has lost true decentralization. A decentralized application cannot be built on a centralized operating system in the long term, this can cause certain risks.
Near Protocol’s BOS offers a number of outstanding advantages to its users and developers including:
- BOS helps decentralized applications become truly decentralized, avoiding the risks of building on centralized operating systems.
- All users have control over their own assets and data.
- BOS aims to expand to all Blockchains, which means decentralized applications on Blockchain such as Ethereum, Cosmos, Solana,… can completely be built on BOS.
It can be seen that with BOS, Near Protocol expands to become a larger infrastructure platform than a conventional Layer 1 platform. However, with a product of such scale, Near Protocol will certainly face many challenges. Future.
Some challenges encountered when building BOS
If building a BOS is successful, this will certainly become a major innovation in the crypto market. However, to successfully build a BOS, Near Protocol will have to face a number of challenges as follows:
- It can be seen that no Blockchain in the crypto market has yet reached the state of being ready to welcome billions of users from Web2 to Web3. Current blockchain platforms still have to continue to improve their infrastructure to be able to welcome the first 1 billion users.
- Fierce competition between popular operating systems today such as macOS or Windows. Squeezing in and capturing a certain amount of market share is not simple for Near Protocol.
- Switching from familiar operating systems to BOS is also one of the challenges for individual users as well as organizations.
Summary
After Sharding and Javascript SDK, BOS is the next step of Near Protocol. Near Protocol itself is still in the process of asserting itself with more than $500M successfully raised from many different investment funds. Hopefully through this article everyone can understand more about what BOS is and the potential of BOS in the future.
