PALO ALTO, CA / ACCESS CABLE / July 4, 2022 / red bobathe block chain hybrid computing platform and scaling solution, today announces the inclusion of the network’s native BOBA token in base of coins.
Coinbase is one of the largest cryptocurrency stock exchanges in the world and a major player in the coveted US 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 portion of network fee revenue, voting on BobaDAO, and executing hybrid compute calls within Boba smart contracts.
Chief among Boba’s advanced tools is his Hybrid computing protocol, a multipurpose pipeline that directly connects decentralized computers to Web2 APIs via smart contracts, enabling novel use cases that are too expensive, slow, or virtually impossible to run on-chain. In practice, Hybrid Compute makes it easy for dApp developers to incorporate 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 edge technology.Art game engines
Alan Chiu, Founder and CEO of Enya.ai, the major contributor to the Boba Network, said: “The listing of the $BOBA token on Coinbase is an important milestone in our plans to bring Hybrid Compute and block chain scale to as many users and networks as possible. In doing so, we aim to unlock the inherent power of Layer-1 networks while reducing their inefficiencies and bolstering their computational capabilities.”
Boba Network is a layer 2 scaling solution equivalent to EVM, with ultra-fast transactions and fees up to 60x lower 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.
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ERC20 backed deposits are effective immediately. Trading will start at 16:00 UTC on June 30, 2022, if liquidity conditions are met.
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PR for the Boba Network
About the Boba Network
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 execute complex algorithms such as machine learning classifiers, extract real-world or enterprise data in a single transaction atomic, or sync with the latest state of a game engine. Leveraging off-chain computing and real-world data, developers and creators can deliver a rich experience unlike any other on the market today.
Boba Network offers a faster, cheaper and smarter experience for the next billion blockchain users.
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