List of Boba Network Lands on Coinbase
Coinbase is one of the largest cryptocurrency exchanges in the world and a major player in the coveted United States market. The list will introduce BOBA to 98 million users in more than 100 countries. The BOBA token is used for gas fees on the Boba network, staking in exchange for a share of network fee revenue, voting in the BobaDAO, and performing hybrid compute calls in Boba smart contracts.
Chief among Boba’s advanced tools is his Hybrid calculation protocol, a versatile channel that connects decentralized computers directly to Web2 APIs via smart contracts, enabling new use cases that are far too expensive, slow, or nearly impossible to run on-chain. In practice, Hybrid Compute allows dApp developers to easily integrate the power and depth of Web2 computing and data sources into their projects, such as machine learning and artificial intelligence systems, advanced financial modeling tools or advanced games. engines.
Alan Chiu, Founder and CEO of Enya.ai, the main contributor to the Boba Network, said, “The listing of the $BOBA token on Coinbase is an important step in our plans to bring hybrid computing and scale of the blockchain to as many users and networks. as possible. In doing so, we aim to unleash the inherent power of Layer 1 networks while reducing their inefficiencies and boosting their computational capabilities. »
The Boba Network is an equivalent scaling solution to EVM Layer-2, with super-fast transactions and up to 60x lower fees than Ethereum. Based on OVM 2.0, it is highly compatible with existing Ethereum smart contracts, allowing developers to migrate their projects efficiently, usually in just a few hours.
In April, Boba Network announced a $45 million Series A – valuing the project at $1.5 billion. The series saw participation from over 400 investors, including Crypto.com, Huobi and BitMart.
Deposits supported by ERC20 are effective immediately. Trading will begin at 4:00 p.m. UTC on June 30, 2022, if liquidity conditions are met.
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About the Boba Network
Boba Network is a Layer-2 blockchain scaling solution and hybrid compute platform offering ultra-fast transactions and up to 60x lower fees than Ethereum.
Boba’s Hybrid Compute brings the power of Web2 on-chain for the first time, allowing smart contracts to call any external Web2 API to run complex algorithms such as machine learning classifiers, extract data from the world real or enterprise in a single atomic transaction, or synchronize with the latest state of a game engine. By leveraging off-chain computing and real-world data, developers and creators can deliver an unprecedented rich experience on the market today.
Boba Network delivers a faster, cheaper, and smarter experience for the next billion blockchain users.
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