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Official (BOP) Boring Obfuscation Protocol WhitePaper
Risks -The Boring protocol is currently in the initial development stages, and there are a variety of unforeseeable risks. You acknowledge and agree that numerous risks are associated with acquiring BOP, holding BOP, and using BOP for participation in the Boring protocol. In the worst scenario, this could lead to the loss of all or part of BOP held.
IF YOU DECIDE TO ACQUIRE BOP OR PARTICIPATE IN THE BORING PROTOCOL, YOU EXPRESSLY ACKNOWLEDGE, ACCEPT AND ASSUME THE FOLLOWING RISKS:
\1. Uncertain Regulations and Enforcement Actions The regulatory status of the Boring protocol, BOP, and distributed ledger technology is unclear or unsettled in many jurisdictions. The regulation of digital assets has become a primary target of regulations in all major countries in the world. It is impossible to predict how, when, or whether regulatory agencies may apply existing regulations or create new regulations with respect to such technology and its applications, including BOP or the Boring protocol. Regulatory actions could negatively impact BOP or the Boring protocol in various ways. The Company, the Distributor (or their respective affiliates) may cease operations in a jurisdiction in the event that regulatory actions, or changes to law or regulation, make it illegal to operate in such jurisdiction or commercially undesirable to obtain the necessary regulatory approval(s) to operate in such jurisdiction.
\2. Inadequate disclosure of information As of the date hereof, the Boring protocol is still under development. Its design concepts, consensus mechanisms, algorithms, codes, and other technical details and parameters may be constantly and frequently updated and changed. Although this lite paper contains the most current information relating to the Boring protocol, it is not absolutely complete. It may still be adjusted and updated by the Boring protocol team from time to time. The Boring protocol team has no ability or obligation to keep BOP holders informed of every detail (including development progress and expected milestones) regarding the project to develop the Boring protocol. Hence insufficient information disclosure is inevitable and reasonable.
\3. Failure to develop There is the risk that the development of the Boring protocol will not be executed or implemented as planned. It may be for a variety of reasons, including without limitation the event of a decline in the prices of any digital asset, virtual currency, or BOP, unforeseen technical difficulties, and shortage of development funds for activities.
\4. Security weaknesses Hackers or other malicious groups or organizations may attempt to interfere with BOP or the Boring protocol in a variety of ways, including, but not limited to, malware attacks, denial of service attacks, consensus-based attacks, Sybil attacks, smurfing, and spoofing. Furthermore, there is a risk that a third party or a member of the Company, the Distributor, or their respective affiliates may intentionally or unintentionally introduce weaknesses into the core infrastructure of BOP or the Boring protocol, which could negatively affect BOP or the Boring protocol. The future of cryptography and security innovations are highly unpredictable, and advances in cryptography, or technical advances (including without limitation development of quantum computing), could present unknown risks to BOP or the Boring protocol by rendering ineffective the cryptographic consensus mechanism that underpins that blockchain protocol.
\5. Other risks The potential risks briefly mentioned above are not exhaustive. There are other risks (as more particularly set out in the Terms and Conditions) associated with your participation in the Boring protocol, as well as the acquisition of, holding, and use of BOP, including those that the Company or the Distributor cannot anticipate. Such risks may further materialize as unanticipated variations or combinations of the aforementioned risks. You should conduct full due diligence on the Company, the Distributor, their respective affiliates, and the Boring protocol team, as well as understand the overall framework, mission.
Last modified 5mo ago
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