BobaBeam: Boba Network Launches First Layer-2 on Moonbeam

Palo Alto, Calif., Oct. 12, 2022 by Chainwire

boba networkwas the first multi-chain Layer 2 blockchain and hybrid computing platform to deploy its execution layer on Moonbeam, becoming the first Layer 2 to run on Moonbeam. Moonbeam deployment feature fire Flya DEX and perpetual swap platform as a launch partner dApp.

Boba is the first Layer 2 platform to launch on Moonbeam. The new Boba-Moonbeam enabled environment is called BobaBeam. Moonbeam is a smart contract platform designed for developing cross-chain interoperable applications on Ethereum, Cosmos, Polkadot, and other smart contract platforms.

BobaBeam hosts Firefly, a derivative DEX of Moonbeam native. Firefly chose to launch on the BobaBeam Layer 2 network to ensure its scalability needs. This is due to the huge demand for block space and transaction throughput of such platforms. In his recent 4-day testing period on testnet, Firefly confirmed 86,635 unique wallets and 818,031 transactions (136/min) from over 121 countries.

Hybrid computing is one of Boba’s flagship features, designed to improve smart contract functionality and create a seamless, interoperable environment that mainstream Web2 developers can bridge to Web3. By harnessing the power of real-world data and off-chain computing, developers can use her Web2 API’s designed to create an interoperable computational layer unlike anything on the market today. I have access to the host. All projects and dApps built on the BobaBeam platform can leverage the Boba Network’s own Hybrid Compute compute network.

Alan Chiu, CEO and founder of Enya Labs (formerly Enya.ai) and a core contributor to the Boba Network, said: With this integration, Moonbeam is now able to offer developers one of the most scalable and interoperable smart contract environments in the industry. Starting, he is truly honored to work with dApps to drive their adoption into an integrated network.

Moonbeams vision is to enable developers to combine multiple specialized blockchain capabilities to help scale their projects and improve user experience. Moonbeam founder Derek YuBoba provides an excellent solution for teams that require high transaction throughput and short block times. , we now have access to both the scalability and throughput that Boba offers.

Firefly co-founder Zabi Mohebzada Newly developed partnerships with Firefly, Moonbeam and Boba are summarized below. Powered by his Boba infrastructure on Moonbeam, Firefly offers traders a fast, secure and easy user experience.

About Boba Network

boba network is a blockchain-enabled layer 2 scaling solution and hybrid computing platform designed to offer lightning-fast transaction times and fees up to 60 times lower than Ethereum. Our hybrid computing brings the power of Web2 on-chain with smarter, more intuitive smart contracts. This allows developers and creators to leverage off-chain computing and real-world data to deliver rich experiences that are unmatched on the market today.

About Moonbeam

moonlight A smart contract platform for building cross-chain connected applications, providing access to users, assets and services on any blockchain. By uniting the capabilities of Ethereum, Cosmos, Polkadot, and other iterations into his single platform, Moonbeam solves today’s fragmented user experience, unlocking true interoperability and creating next-generation pave the way for applications. The Moonbeam platform uses integrated cross-chain messaging to enable developers to create smart contracts that access services across many remote blockchains. This approach, along with Moonbeam’s developer-friendly EVM platform, rich tooling support, and modern Substrate architecture, create an ideal development environment for building connected applications.

contact

Dan Horowitz [emailprotected]