BORA, A Highly Flexible Blockchain Platform
BORA, a blockchain platform that makes it easy to enjoy digital content, is receiving extensive attention as its formal launch approaches. In particular, its upcoming mainnet is attracting a lot of public interest. One of BORA’s strengths is its capability to link with other blockchain networks. Let’s take a closer look at some of the popular blockchain mainnets to better understand how BORA is collaborating with others.
What is mainnet?
Mainnet, short for “main network,” refers to a blockchain network that does not belong to a parent network, but instead follows its own protocol. The protocol sets the standard for network operation and includes a variety of criteria including a method of token creation, a method of token distribution, and transaction approval or consensus. In short, “mainnet” refers to a network that creates and operates its own independent protocol that must be followed to provide blockchain services.
Here are a few examples of popular mainnets that exist today.
- Ethereum
One of the most familiar blockchain mainnets is Ethereum, which uses Proof of Work (PoW) consensus. Building a blockchain using PoW ensures that at least 51% of the total nodes approve the transactions, contributing to a decentralized ecosystem. When a developer creates a decentralized app (dApp)using the Ethereum protocol, the user must pay a gas fee for each transaction to account for the work performed to maintain consensus and security.
- EOS
EOS initially conducted an Initial Coin Offering (ICO) using Ethereum but has since launched its own mainnet. EOS has a unique staking system. Users must lock up or stake their EOS tokens in order to use functions of the EOS network such as account creations and voting. EOS can only be transferred in the un-staked condition. EOS that has been staked can later be un-staked, however, there is a 72-hour cooldown period before those tokens are liquid for security purposes.
- Klaytn
Klaytn wants to collaborate with partners in various fields to create a practical dApp environment which would make it easy for the public to consume blockchain services. Partners can use the service chain to connect their services to the Klaytn mainnet. The BORA team is considering connecting the BORA platform to a variety of additional mainnets, including Klaytn. If such a partnership can deliver stable operations and sufficient performance, Klaytn will significantly expand the BORA ecosystem.
- Metadium
Metadium distinguishes itself from other offerings in blockchain storage by allowing individual users to maintain control over their personal information. Metadium records only the minimum amount of information directly on the blockchain, rather than storing user information in a centralized online location. This enables users to manage and control the storage and distribution of their information.
Subnets expand the capabilities of mainnets
Mainnets with sufficient stability and usability also have sub-networks (subnets) that provide additional services in conjunction with the mainnet. Currently, BORA is a subnet that is connected to the Ethereum mainnet.
A subnet can build its own mainnet later, and a number of factors are considered in the implementation, including service orientation and stabilization.
What does the network architecture of BORA look like?
BORA is a blockchain platform that makes it easy to enjoy a variety of digital content. By building a mainnet, BORA’s goal is to create a network structure that is scalable, optimizes user experience, and minimizes the fee burden, as shown below.
BORA is designed with a dual chain structure consisting of its own side chains. It also has a dual token structure that can convert BORA Tokens based on the Ethereum ERC-20 standard into a currency called BORA Shell.
BORA's dual architecture design maximizes its benefits as a digital content platform. This design was chosen to address the challenges of serving digital content directly on the existing Ethereum mainnet.
Solving performance degradation
The average block creation cycle for Ethereum is 15 seconds which places limitations on dApps that require rapid data processing, such as games. Since the Ethereum protocol has not scaled well thus far, separate networks have been required to improve performance. The BORA network is one such example.
The BORA network leverages BORA chains to achieve high performance. The requested data processing is done within the BORA chains, which operate independently from each other. As a result, content errors in one chain do not affect the others, providing more robust user experience.
Minimizing the fee burden
Thanks to BORA’s dual structure, user gas fees are also reduced. Content within the BORA platform is only available through BORA-dedicated BORA Shell, which can be obtained in exchange for BORA Tokens (ERC-20 based). The use and exchange of BORA Shell are unique to the BORA chain. As a result, users pay a much lower transaction fee than they would for services on the Ethereum mainnet.
Extreme scalability
The BORA chain can accommodate content that requires high throughput; it is so powerful that 260,000 people per chain can enjoy 1v1racing games simultaneously. If users need more space as their content grows, the platform can be expanded by adding additional BORA chains. As such BORA provides an optimized environment for enjoying a variety of digital content.
Highly flexible
BORA's dual architecture leverages a mainnet while also providing an independent environment to address fees, performance, and scalability issues. As a result, BORA has the flexibility to easily connect with a variety of mainnets in addition to Ethereum.
Content within the BORA platform exists on the BORA chain, so when the platform interacts with other mainnets, services can be provided directly without the need for further development.
BORA is designed with an optimal platform structure for serving blockchain digital content. The team continues to develop and apply blockchain technology for tangible use cases and could use your support. Please join them in their NFT Naming Event for the chance to win BORA tokens!
To learn more about BORA, please visit the links below:
Website: https://www.BORAecosystem.com/
BORA Lagoon testnet: https://BORA-lagoon.com
Telegram: https://t.me/BORAofficial
Twitter: https://twitter.com/BORA_ecosystem
Medium: https://medium.com/@BORA_Ecosystem
Reddit: https://new.reddit.com/r/BORA_Ecosystem/
Email: contact@BORAecosystem.com
I’m very much interested in how BORA ecosystem plans the minimize trading fees. Would it be brought down to zero?
I don't think they are exchange Platform that requires a trading fee. Or did I read this article wrong?
It will be interesting to see how this dual token structure with their own mainnet token and ERC-20 token will work out.
yeah, my fingers are crossed right now
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The idea of Building a blockchain just to make it easy to enjoy digital content is great. And learning a thing or two from older blockchains like ETHEREUM, EOS and KLAYTN is awesome.
Yea and been decentralized creates room for less restrictions from governing bodies and more freedom for users
Essentially Bora is a social content system that operates on its own chain. Nice. When is the schedule for mainnet?
I believe they are certainly going to create niche for themselves
It uses the ethereum network too. I think they will combine both chains.
Another platform trying to bring in a mainnet better than eth network in terms of performance, scalability and speed. I hope they surprise us.
That you mean to BORA will perform well as compared with ETH network/Blockchain? Is that really possible? If it's happens then we will see BORA in 2nd position soon?
BORA is an interesting project indeed. I was suprised to know that the project has been able to address the scalability issue and has the potential to connect several mainnets at will.
I think it is too early to say but we still have to give them the benefit of doubt.
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The Ethereum network already uses what some may term a very little amount for transaction fee. Bora having to reduce that even further is really interesting. This is a good one for end users
260,000 people per chain can enjoy 1v1racing games simultaneously? This is a huge number, but was this tested? Or they want to achieve this number?