Boba is an L2 Ethereum scaling & augmenting solution built by the Enya team as core contributors to the OMG Foundation. Boba is a next-generation Ethereum Layer 2 Optimistic Rollup scaling solution that reduces gas fees, improves transaction throughput, and extends the capabilities of smart contracts. Boba offers fast exits backed by community-driven liquidity pools, shrinking the Optimistic Rollup exit period from seven days to only a few minutes, while giving LPs incentivized yield farming opportunities.
Boba’s extensible smart contracts will enable developers across the Ethereum ecosystem to build dApps that invoke code executed on web-scale infrastructure such as AWS Lambda, making it possible to use algorithms that are either too expensive or impossible to execute on-chain.
$BOBA will be used for governance of the Boba DAO, which will be used for community initiatives and direction for the network’s future. Each $BOBA holder will get one vote for every token that they stake on Boba Network. Token holders will be eligible to submit proposals, vote, and delegate votes for proposals on the DAO in accordance with the governance guidelines.
Boba is not a sidechain. Sidechains are native blockchain systems with completely separate consensus mechanisms. The Boba Network lives inside Ethereum as a series of smart contracts that are capable of executing Ethereum transactions. While sidechains rely on their own consensus mechanisms for security, Boba relies on the security of Ethereum itself.
Boba is an Ethereum L2 scaling and expansion solution built by the Enya team as core contributors to the OMG Foundation. Boba is a next-generation Ethereum Layer 2 Optimistic Rollup scaling solution that reduces gas fees, increases transaction throughput, and empowers smart contracts. Boba offers fast exits backed by community-managed liquidity pools, reducing the Optimistic Rollup exit period from seven days to minutes, while also providing LPs with incentivized crop growing opportunities.
Boba's extensible smart contracts will allow developers in the Ethereum ecosystem to create dApps that call code that runs on a network infrastructure such as AWS Lambda, enabling algorithms that are either too expensive or impossible to run on the network.
Ultimately, Boba Network will use evidence of fraud to ensure that the state is correct. This feature is currently disabled and the system allows invalid state roots. Funds can be stolen if an invalid state root is passed into the system.
All transaction data is recorded on the blockchain. All completed transactions are sent to a smart contract on the blockchain. The execution of the rollup is entirely based on the transactions sent, so anyone following the contract can know the correct state of the rollup blockchain.
The system has a centralized sequencer. Although the block proposal is open to everyone, the system uses a privileged sequencer that has priority for sending batches of transactions and sequencing transactions.
Users can force any transaction. Since the state of the system is based on transactions represented on the blockchain and anyone can send their transactions there, this allows users to bypass censorship by directly interacting with the smart contract.
Boba Network uses an optimistic virtual machine (OVM) to execute transactions. This is similar to, but independent of, the EVM and allows fraud proofs to be performed.
Funds can be lost due to bugs in a very complex OVM implementation.
Boba Network has been renamed from OMGX.
$BOBA will be used to manage the Boba DAO, which will be used for community initiatives and to guide the future of the network. Each $BOBA holder will receive one vote for each token they stake on the Boba network. Token holders will have the right to submit proposals, vote and delegate votes for proposals to the DAO in accordance with the governance guidelines.
Bob's network price today is ₽113.62 rubles. with a daily trading volume of ₽175,901,236 We update our BOBA to RUB price in real time. Boba Network is down 2.42 in the last 24 hours. The current CoinMarketCap rating is #195 with an income capitalization of ₽17,985,795,885. The circulating supply is 158,303,171 BOBA coins and max. offer of 500,000,000 BOBA coins.
BOBA cryptocurrency can be traded on the following exchanges: FTX, Bybi, Gate.io, ZT, Hotbit, BitMart.
In the future, BOBA can be used to manage the Boba DAO, helping with community initiatives and guiding the future of the network. Users who hold a Boba token will have one vote for each token they stake on the Boba network. The Boba token has gained popularity, but the real momentum is likely to start when it becomes available to more packages. Ultimately, the Boba Network is the affordable and cheap version of Ethereum that brings cryptocurrency to the masses - and just like the name, it's a delicious treat that makes you want to come back and do it again.
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