- Enya announced the launch of the mainnet beta of Boba Network.
- The mainnet beta is a next-generation Ethereum Layer-2 scaling solution.
A leading developer of decentralized infrastructure solutions, Enya announced the launch of the mainnet beta of Boba Network.
The mainnet beta of Boba Network is a next-generation Ethereum Layer-2 scaling solution. According to the team, it reduces gas fees, enhances transaction throughput, and increases the capabilities of smart contracts.
In addition, Enya said that DeFi and NFT apps currently cost-prohibitive on Ethereum become affordable on Boba. As of now, Boba stands out among Ethereum Layer-2 solutions.
Aside from this, Boba NFT Bridge enables NFTs to cost-effectively launch on Boba. Even more, they can be brought to the Ethereum ecosystem.
Note that most NFT projects are on Ethereum. However, the Boba team said gas wars make it a playground only for the rich. Looking at the situation, Boba stated it makes it possible to use NFTs for small transactions like gaming while enjoying the security of Ethereum.
Not to mention that Boba lets Ethereum developers create smart contracts that trigger code running on the web-scale infrastructure. This includes AWS Lambda that leverages advanced algorithms to execute on-chain.
Also, the team noted that Boba DAO sets the groundwork for decentralized governance. Besides, it encourages the community to propose network improvements. And vote on the projects right on the Boba Network.
Alan Chiu, Founder and CEO of Enya expressed his excitement. He said,
We welcome the entire DeFi and NFT developer community to build on Boba, so that together we deliver a faster, cheaper, and more delightful experience to the next billion users of Ethereum.
Even more, he added that their team is passionate about creating a more inclusive decentralized ecosystem. Further, they are doing this by reducing barriers to adoption for users and developers. “The launch of Boba’s mainnet beta today brings us one step closer to realizing that dream,” he said.
Source: https://coinquora.com/enya-launches-a-new-ethereum-scaling-solution-of-boba-network/
- 9
- Adoption
- algorithms
- among
- announced
- apps
- AWS
- barriers
- beta
- Billion
- BRIDGE
- build
- ceo
- closer
- code
- community
- contracts
- DAO
- decentralized
- DeFi
- Developer
- developers
- ecosystem
- ethereum
- Ethereum ecosystem
- ethereum scaling
- experience
- Fees
- founder
- gaming
- GAS
- gas fees
- governance
- HTTPS
- Infrastructure
- IT
- JavaScript
- launch
- launches
- leading
- network
- new ethereum
- NFT
- NFTs
- plugin
- projects
- propose
- running
- scaling
- security
- small
- smart
- Smart Contracts
- So
- Social
- Solutions
- transaction
- us
- users
- Vote
