Blockchain

Boba Network Expanded To Avalanche Blockchain

Ethereum layer-2 protocol Boba Network has announced the launch of its L2 scaling and augmenting solution on the Avalanche blockchain.
Boba Network Expanded To Avalanche Blockchain 3

Boba Network will enable Avalanche, a Layer 1 blockchain that bills itself as a speedier Ethereum, to achieve scaling requirements. According to a Wednesday statement from Avalanche, Boba is Avalanche’s first Layer 2.

It will be accessible to assist in the scaling of dApps created on C-Chain — Avalanche’s main smart contract platform that supports the Ethereum Virtual Machine and hosts various decentralized apps (dApps).

Boba is an Optimistic rollup that lowers gas expenses while increasing transaction throughput for blockchains. While Boba was initially launched on Ethereum last year, it first became multi-chain in June of this year by merging with the Fantom and Moonbeam blockchains at the same time.

Boba Network Expanded To Avalanche Blockchain 4

Aside from its Optimism-based scaling approach, the Boba Network team intends to provide Avalanche developers with access to its Hybrid Compute offering. This is a cloud environment that allows blockchain applications to interface with data from Web2 apps like social media networks.

Luigi D’Onorio DeMeo, head of decentralized finance at Avalanche’s core development firm Ava Labs, said:

“By deploying to additional chains, Boba breaks fresh ground and brings Avalanche its very first L2, equipping our talented developers with yet another way to make dApps cheap, fast, and scalable will only benefit users. We’re excited to see how this integration evolves and where the story of Avalanche L2s leads.”

As a result of Boba Network’s integration with Avalanche, EvoVerses will be available on the platform as a launch partner dApp. To expand and reach its full potential, the play-to-earn turn-based strategy game will use Boba’s key products.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Harold

CoinCu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.

Recent Posts

Crypto Institutional Investors Move To ETFSwap (ETFS) Amid $500 Million Liquidity Injection Expectations

Discover why crypto investors are moving to ETFSwap (ETFS) as $500 million liquidity injection is…

42 mins ago

Buyers Rush to Maximise Gains with BlockDAG’s 100% Bonus Offer; Plus, ETH Holds Strong as Solana Challenges Rivals

Learn about BlockDAG's $110M presale achievement and the whopping 100% bonus offer, alongside Ethereum's growth…

3 hours ago

Thai Police Corruption Case Involving Officers and Extortion

Thai police corruption exposed as officers extort millions in USDT from a Chinese man under…

6 hours ago

SafePal Telegram Wallet Launches with Swiss Bank Accounts and CeDeFi

SafePal Telegram Wallet allows 950 million users to create compliant crypto-friendly Swiss bank accounts, integrating…

6 hours ago

Sheetz Crypto Payments Now Accepted at Over 750 US Locations

Sheetz crypto payments: 750+ US stores now accept Bitcoin, Ethereum, and more, rewarding customers through…

7 hours ago

Zhu Su Wife Sells Singapore Mansion for $38 Million

Zhu Su’s wife sells Singapore mansion for $38.5 million amid heightened financial scrutiny on Three…

7 hours ago

This website uses cookies.