Boba Network is an optimistic-based multichain layer-2 scaling solution designed to unlock the potential of rollup technology and enable more flexible blockchain communication. Its primary purpose is to enhance the scalability and efficiency of decentralised applications through off-chain compute and real-world data integration.
Boba Network operates as a layer 2 scaling solution built on the OP Stack, leveraging Optimistic Rollups (ORs) to process transactions. It enables smarter applications with its Hybrid Compute technology, which connects Web3 systems to Web2 computers for off-chain computation. The network is compatible with EVM-based blockchains like Ethereum, BNB Chain, Avalanche, and Moonbeam.
Boba Network offers diverse potential use cases, including:
Boba Network's origins trace back to 2018 with the founding of Enya by Alan Chiu and Jan Liphardt. The network launched its mainnet as Boba Network in September 2021, initially known as OMGX. It was developed to increase throughput, reduce transaction fees, and enhance smart contract capabilities on Ethereum. Over time, Boba has implemented major updates, including Optimistic Rollups and Hybrid Compute technology, securing its position as a notable entity in the Ethereum Layer-2 ecosystem.