Published: July 9, 2019, 1:33 a.m.
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What is Graphene, BitShares and BEOS?
This is part 2 of a deep dive chat with Michael Taggart, BitShares . We discuss why they created BEOS and the practicality of creating a EOS clone.
![](https://coinstructive.com/wp-content/uploads/2019/07/MichaelTaggart.jpg)
Michael Taggart, co-founder of BEOS and Quintric
Michael is a long time BitShares supporter and recently helped co-found an EOS clone to act as a middle-chain between BitShares and EOS networks and tokens.
![](https://coinstructive.com/wp-content/uploads/2019/07/Q-1000x625.png)
Quintric has tokenized real gold coins and legal tender
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![](https://coinstructive.com/wp-content/uploads/2019/07/QUintric.png)
Quintric bridges Gold, Cash (Legal Tender), and Crypto
During this episode, you will learn:
- Why BEOS was created
- How the marketplace demands certainty such as the identity and location of Block Producers
- Why Utah was chosen as a venue for the BEOS Limited Cooperative Association (BCLA)
- How their legal team knows how to get policy accomplished and structure using pre-existing legal tender and\\xa0
- How Terradac, a private enterprise that funded BEOS, interfaces with the BCLA
- How their operation and fund management system for the BCLA operates
- How they are moving toward trust-less gateway and counterparty settlements
- What Quintric is and why it is positioned as legal tender
- A just announced on this show $50 gold bill that Quintric is rolling out
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