Enya, a developer of decentralized infrastructure solutions, today announced the launch of the mainnet beta version of Boba Network, its new Ethereum layer 2 Optimistic Rollup scaling solution, which can reduce gas fees, increase transaction throughput, and expand smart contracts Function.
Boba reduces gas fees and increases transaction throughput by aggregating transaction volume, while ensuring compatibility with Ethereum. Currently, DeFi and NFT applications that cost too much on Ethereum have become affordable on Boba.
Designed to stand out from the current Ethereum layer 2 solutions, Boba Provide simplified exit of cryptocurrency assets from Boba to Ethereum, scalable smart contracts, and fast decentralized autonomous organization (DAO) governance.
Overview: Boba Networks
Boba Network optimizes the user experience and provides fast exit backed by a community-driven liquidity pool, shortening the withdrawal period from the traditional 7 days to just a few minutes.
In addition, the Boba NFT bridge allows cost-effective NFT launches, which can be brought to Ethereum. NFT projects are all on Ethereum, but the gas war has made it a playground for the rich. Boba can use NFT for micro-transactions such as games while enjoying the security of Ethereum.
This solution provides the best of both worlds: security and decentralization rooted in Ethereum (not compromised like multi-signature bridge wallets), low transaction costs and fast execution.
In terms of the new features of the ecosystem, Boba enables Ethereum developers to create smart contracts that trigger code running on network-scale infrastructure such as AWS Lambda, which can take advantage of complex algorithm chains that are too expensive, slow, or difficult to execute.
Finally, Boba DAO lays the foundation for decentralized governance by encouraging the community to make network enhancement suggestions and voting on the proposals on the Boba Network.
“We welcome the entire DeFi and NFT developer community to build on Boba. Our team is passionate about creating a more inclusive decentralized ecosystem. We are doing this by reducing the barriers to adoption by users and developers. Today’s release of the Boba mainnet test version brings us one step closer…”
– Alan Chiu, founder and CEO of Enya