Boba Network (ENYA)
Basics
- Based in:
- Started in / Announced on: 19-8-2021
- Testnet release:
- Mainnet release: 9-2021
- From EthHub (28-8-2021):
"Boba Network is a layer 2 optimistic rollup that reduces gas fees, improves transaction throughput, and extends the capabilities of smart contracts."
History
- Fka OMGX Network or OmisegoX
Audits & Exploits
- Bug bounty program can be found [insert here].
Bugs/Exploits
Governance
Admin Keys
DAO
Treasury
Token
Launch
Token Allocation
Utility
Other Details
Stablecoin
Coin Distribution
Technology
- Whitepaper can be found [insert here].
- Code can be viewed [insert here].
Implementations
- Programming language used:
Transaction Details
How it works
“Layer 2s have single instance sequencers that act as block producers,” said Chiu. “So we set off to modify Geth in such a way that smart contracts on Boba can call any external API. Suddenly, you can do machine learning off-chain and have the results come back to your smart contract, atomically, meaning in the same transaction, in the same block. You can write smart contracts that call a Twitter API; if you want to, for example, reward users for performing certain actions on Twitter, and automate that whole verification and rewarding process,” Chiu said. “You can create on-chain assets that are synchronized with your gaming engine that runs off-chain, or with the metaverse that runs off-chain.”
Fees
Upgrades
Staking
Validator Stats
Liquidity Mining
- From Bitcoin.com (7-1-2021):
"Boba has announced the launch of an incentives program using Wagmi options. With Wagmi option will depend on network parameters such as total value locked (TVL), or specific project developments."
Scaling
Interoperability
Other Details
Oracle Method
- UMA optimistic oracle went live (5-2-2022).
- Partnered with Band Protocol to bring oracles to their layer-2 optimistic rollup platform (11-9-2021).
Privacy Method
Compliance
Their Other Projects
Roadmap
- Can be found [Insert link here].
Usage
- From Bitcoin.com (7-1-2021):
"Boba’s mainnet was launched in September last year, and it managed to rise as one of the leading L2 networks, reaching the second spot in TVL among these on November 28, only behind Arbitrum. However, since then, the network has lost some steam, falling to fourth place while being surpassed by Loopring and Dydx, according to the info at L2beat, an L2 statistics monitor."
Projects that use or built on it
Competition
Pros and Cons
Pros
Cons
Team, Funding and Partners
Team
- Full team can be found [here].
- Alan Chiu; founder
Funding
"Boba Network has raised $45 million from a wide range of investors that included cryptocurrency exchange giants Huobi, Crypto.com and BitMart."
Partners
(:
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