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Web3 refers to a vision of a decentralized internet built on blockchain technology, where users have more control over their data and interactions, and where trust and security are inherent in the architecture rather than relying on centralized authorities. It aims to create a more open, transparent, and user-centric web ecosystem.
A blockchain is a digital ledger technology that records transactions across multiple computers in a way that is secure, transparent, and tamper-proof.
A layer 2 scaling solution is a method used to increase the transaction capacity and efficiency of a blockchain network by processing transactions off the main blockchain. It's like adding an extra layer on top of the main blockchain to handle a large number of transactions faster and cheaper.
A cryptocurrency is a digital or virtual currency that uses cryptography for security and operates independently of a central authority. It enables secure and decentralized peer-to-peer transactions over the internet.
A crypto wallet is a digital tool used to store, send, and receive cryptocurrencies. It securely stores private keys, allowing users to access and manage their digital assets on blockchain networks. This can either be a software wallet (online), or a hardware wallet (actual object in your possession).
A dApp is a decentralized application, basically, an app that uses the blockchain technology. With dApps you can trade, exchange, lend, borrow your tokens or NFTs, as well as play video games.
The gateway is the actual platform where you can interact with Boba Network. You can use it to bring your tokens from the layer 1 (Ethereum) onto the layer 2 (Boba) and vice versa.
A bridge is a 3rd party platform that lets you send your tokens/NFTs between blockchains. When you attempt to directly send your tokens/NFTs without using a Bridge, you risk losing them if there is no specific "integration" between the 2 blockchains.
Account Abstraction lets developers build smarter dApps with features like flexible gas payments, easier logins, and stronger security. For users, this means simpler, more seamless interactions without extra complexity.
Looking for a well maintained blockchain glossary? Consensys keeps one up to date.
Boba Network is an Ethereum Layer 2 built on the OP Stack. Its HybridCompute™ 2.0 lets smart contracts call offchain APIs and AI models in one atomic transaction.
An Optimistic Rollup is a layer 2 scaling solution that takes the transaction computation "off the main blockchain". It enables digital assets and transactions to be passed on from blockchain's mainnet to a separate smart contract, where data can be processed more efficiently, increasing the overall transaction throughput and preventing network congestion.
Enya Labs is the core contributor to Boba Network.
Boba is a platform that can execute fully autonomous smart contracts based on Ethereum's virtual machine (EVM). Meaning, developers on Boba can create decentralized applications the same way they would on EVM-based blockchain protocols. Boba is home to dozens of applications such as decentralized finance, gaming, trading, NFTs and many other services. Discover all the projects that are currently on the Boba ecosystem.
No. Boba is a layer 2 scaling solution that relies on the security of the consensus mechanism of the underlying base layer. Boba can also be referred to as a child chain. If the underlying blockchain stops producing blocks, then Boba won't be able to post its transaction data back to L1.
No. Boba is mostly identical to any other EVM-based blockchain. You can use the same wallet software you're already familiar with. You can create and interact with dApps and Solidity smart contracts, just like you would on Ethereum-based blockchains. But in a cheaper, faster and smarter way. Enhanced with HybridCompute™, Boba enables a more dynamic real-time experience. The only difference is that Boba depends on the security of the underlying blockchain.
HybridCompute™ 2.0 lets a smart contract call an offchain API while its transaction runs. The answer comes back before the transaction ends, so the contract can act on it right away. Start with the HybridCompute docs at docs.boba.network.
To use Boba Network, create a cryptocurrency wallet, add funds, and connect it to the Boba Gateway. The tutorial videos above on this page show each step.
Yes. If you want to use Boba and connect with dozens of projects, the first step is to create a Web3 wallet. This will allow you to interact with the Boba platform. One of the most popular wallets is MetaMask, which can be used as a browser extension or mobile app. Learn more about a cryptocurrency wallet and follow the step-by-step tutorial on setting up a Web3 wallet.
Boba lives inside of the underlying blockchain protocol as a series of smart contracts, known as a layer 2 scaling solution. In order to move assets into or out of Boba you have to use a blockchain bridge. You can either use the Boba bridge or a third party bridge. Discover all available bridges. Learn more about blockchain bridges or follow the bridge video.
The Boba bridge supports many tokens. See the full list.
It depends on which bridge you use. If you decide to move assets into Boba using the Boba bridge, your assets will arrive in less than 15 minutes. However, when you decide to bridge your assets back to the underlying blockchain, there'll be a 7-day challenge period. Meaning your funds will arrive into your L1 wallet 7 days after you submitted the withdrawal. For moving assets out of Boba, a third party bridge such as the popular Across bridge is usually faster. Your assets will usually be bridged back to L1 in less than 15 minutes, instead of 7 days. As long as there's enough liquidity in the Across liquidity pools. Discover all third party bridges deployed on Boba. Learn more about blockchain bridges or follow the bridge tutorial.
It depends on which bridge service you use. If you decide to use the Boba bridge you have to pay the transaction cost of the underlying blockchain. If you decide to use a third party bridge, you should expect additional costs on top of that. This is for the service liquidity pools provide.
Only if the centralized exchange supports Boba. Otherwise, you'll have to bridge your assets back to the underlying L1 network, for example Ethereum. And from there you are able to transfer your assets into a centralized exchange. Never transfer assets directly from Boba (L2) to another blockchain, without the use of a bridge interaction (transaction). If you do so, your assets will probably get stuck or become permanently lost.
Yes. Transactions on Boba can be looked up on the bobascan.com block explorer. It allows users to find specific information about the state of Boba's public ledger.
Yes. The Boba Governance Foundation launched its native network token called BOBA. It's an Ethereum based token, also known as an ERC20 token. You can find the official token contract here.
BOBA is used for governance and can pay network fees on Boba.
BOBA is available on most of the major markets, both centralized and decentralized. BOBA can be bought directly with fiat or swapped for digital assets. Learn more about cryptocurrencies or follow the step-by-step tutorial on buying crypto.
Yes. To transact on Boba, you are charged a fee. Network fees can be paid in BOBA or ETH. Boba has a dual fee system, so the user is free to choose which one to pay with.
Fees are paid in ETH or BOBA. Your wallet shows the fee before you confirm a transaction.
No. A transaction cannot be canceled once it successfully has been submitted.
Yes. Boba has a variety of popular third party and native swapping options. Discover all the trading services on the Boba ecosystem page.
Yes. If you have the knowledge of deploying a token contract, you are good to go!
Yes. Boba is completely NFT compatible. Meaning it supports the ERC721 token standard. Which is the standard for representing ownership of non-fungible tokens. You can discover all the available NFT marketplaces on the Boba ecosystem page and buy or sell NFTs.
Yes. You can write and deploy a Non Fungible Token (ERC721) contract on Boba. Learn more on deploying your own NFT minting contract.
Yes. But not all NFTs are bridgeable. Developers must use a specialized NFT contract to enable this functionality. Next to that, the NFT must consist of two bridge contracts, deployed on both L1 and L2. Bridging an NFT to Boba takes several minutes, and bridging an NFT from Boba back to L1 takes 7 days. Learn more on how to bridge NFTs.