Buy Boba Network (BOBA)
What is Boba Network?
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.
How does Boba Network work?
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.
What are the potential use cases for Boba Network?
Boba Network offers diverse potential use cases, including:
- Decentralised charity and donation platforms
- Web3 advertising
- Blockchain-based supply chain management
- Securing voting systems
- Improved social media data authenticity
- Revolutionising real estate
- Intellectual property management
- Healthcare data security
What is the history of Boba Network?
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.
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Frequently Asked Questions (FAQs)
What is the current price of Boba Network (BOBA)?
The Boba Network price is $0.32327471 AUD, representing a -2.85% from the day prior.
Where is the best place to buy Boba Network (BOBA) in Australia?
The best place to buy Boba Network (BOBA) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell Boba Network (BOBA) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of Boba Network (BOBA)?
The trading volume of Boba Network (BOBA) is $6.9M AUD in the last 24hrs, representing a -2.85% from the day prior.
How can I buy Boba Network (BOBA)?
Boba Network (BOBA) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of Boba Network (BOBA)?
The current market cap of Boba Network (BOBA) is $134.7M AUD.
Can I convert Boba Network (BOBA) to cash?
Yes - With Coinstash you can convert your Boba Network (BOBA) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many Boba Network (BOBA) are there?
The current circulating supply of Boba Network (BOBA) is 418.8M.
Is Coinstash a safe place to buy Boba Network (BOBA) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Boba Network (BOBA) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.