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Information about Boba Network (BOBA)
Boba Network is an Ethereum Layer 2 scaling solution built by Enya, OMG Foundation, that reduces gas fees, improves transaction process, and expands the throughput capacity of Smart Contracts. Boba Network runs on the public open-source Optimistic Rollup compatible with EVM/Solidity. It helps migrate contracts from Layer 1 to Layer 2, enhancing security, speed of swap-based transactions, withdrawing assets within a short duration, and allowing cross-chain asset transfers.
Boba Network enables developers across the Ethereum ecosystem to build code-enabled dApps that run on web-scale infrastructure like AWS Lambda, helping them take advantage of complex but difficult-to-execute algorithms On-chain.
BOBA is the official working token in the Boba Network and can be used for the following purposes:
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