BORA, a platform service that links with a variety of mainnets
Hello, this is BORA team.
As the formal launch of the BORA platform approaches, communities are showing a lot of interest in BORA. Amongst the crowd, many have been asking questions related to mainnet.
BORA is a blockchain platform where you can indulge in various digital contents and, to best serve your needs, and we are considering our options in terms of linking with other mainnets. For example, BORA is collaborating with ‘Klaytn’ to verify the technical aspects of connecting to Klaytn’s mainnet.
Today, we’d like to give you a brief explanation of what mainnet is, and how BORA’s structure and its mechanism utilizes them.
What is mainnet?
First, what does mainnet mean? Mainnet, an abbreviation for Main Network, means a blockchain network that is not linked a larger one and follows its own protocol.
The protocol is like a pre-agreed arrangement within the network, which determines how that mainnet operates. The protocol consists of various factors such as the amount of coin/token created, coin/token distribution process, and transaction approval methods.
Here are some well-known examples of mainnet operating with its own protocol.
(1) Ethereum
One of the most familiar cases is Ethereum blockchain. Ethereum mainnet operates based on its own protocol. Using a PoW (Proof of Work) method (which means ‘to add a transaction to the blockchain, more than 51% of the total nodes must approve the said transaction’) as a consensus algorithm, which maximizes decentralization aspect.
If a developer creates a dapp based on the Ethereum protocol, while using the services, a user must pay a certain amount of fees (gas fee) for their requested transactions to go through, due to the Ethereum protocol.
(2) EOS
EOS initially conducted an ICO based on Ethereum, but now possesses its own mainnet that follows the EOS protocol.
EOS has a unique system called ‘staking.’ To use EOS Network services such as account creation, voting, and others, users must lock up(stake) their EOS coins. Exchanging EOS is only possible under the ‘unstaking’ condition. The transition from staked to unstaking EOS takes 72 hours after a request is made, reducing the risk of hacking.
(3) Klaytn
Klaytn aims to establish ‘an ecosystem of Dapps, ready for practical use’ by collaborating with partners in various fields, thus achieving real-life implementation of the blockchain technology. The partners can utilize the ‘service chain’ to link their services to the Klaytn mainnet. BORA is also conducting a technical test for linking with the Klaytn mainnet. Further explanation is available later in the article.
(4) Metadium
Metadium aims to establish the idea of “self-sovereign identity,” where an individual should have sovereignty over his or her personal information. Metadium maximizes data protection by storing minimal amounts of information on the blockchain, rather than the entire personal information. Because data is not stored in a centralized entity, users can willfully manage their information.
As you can see from the cases above, the mainnet refers to a network that creates and operates according to its own set of rules(protocol), which must be followed to provide blockchain services.
Networks that utilize protocols of the mainnet (=subnet)
If a mainnet possesses an adequate level of security and usability, there are sub-networks providing services while linked to the said mainnet. Currently, BORA can be categorized as a subnet, that utilizes the infrastructure of Ethereum through its link to the Ethereum mainnet.
Sometimes a subnet constructs its own mainnet. And during that process, many factors are taken into consideration, which includes service direction and stability issues.
The network architecture of the BORA?
BORA is a blockchain platform where users can enjoy a variety of digital contents effortlessly; the platform strives to provide an optimal service environment for all users. To achieve this, BORA has constructed a network with a structure that enables a high level of scalability while minimizing users’ burden of fees.
BORA is currently connected to the blockchain of the Ethereum mainnet. The platform’s design with a dual chain structure consisting of its own side chains and a Layer-2(dual architecture) dual token structure, enables conversion from a BORA Token(ERC-20 based) into a currency called the BORA Shell.
BORA’s dual-chain structure maximizes the advantages as a digital content platform
The reason for BORA’s dual-chain structure is that it overcomes various challenges that occur if digital contents are serviced directly on the Ethereum mainnet.
Solving performance degradation
The average block creation cycle for Ethereum is 15 seconds, and there are limitations when servicing dapps, such as games that require ‘per second’ data processing. Since the number of servers in Ethereum does not increase, separate networks are required to improve performance. For example, BORA network.
BORA network has utilized BORA chain to achieve high performance. Within the platform, data processing that occurs in contents, are completed in BORA chains that are assigned to each content independently. Therefore, issues in one service do not affect other ones. Thus, users can use services in a pleasant environment.
Minimize fee burden
Thanks to the dual structure, users’ gas fee costs have also been minimized. Contents within the BORA platform are only available using the BORA platform exclusive point ‘BORA Shell’ that can be obtained by exchanging ‘BORA Token (ERC-20 based). The use, purchase, sale, and exchange of ‘BORA Shell’ also operates within the BORA chain. As a result, users pay fees at a significantly lower rate than they would for services on the Ethereum mainnet.
Exceptional scalability
A single BORA chain possesses the capability that enables 260,000 people can enjoy 1vs1 racing games simultaneously. Therefore, we can accommodate content that requires a lot of throughputs. If you need more space as your content grows, you can easily expand by adding more BORA chain. An optimized environment for enjoying a variety of digital contents.
Flexible platform BORA, capable of linking to a variety of mainnets
As mentioned earlier, BORA’s dual-chain structure utilizes the mainnet while ensuring an independent environment at the same time to solve fees, performance, and scalability issues. Due to this structure, BORA has the flexibility to connect easily with a diverse range of mainnets, in addition to the current operating Ethereum mainnet.
Furthermore, if BORA platform decides to link with other mainnets, the contents and services within the BORA platform still operate on the BORA chain, which means that there is no need for additional development for using the said mainnet. Thus, it is easier to interact with the existing services that reside in the newly connected mainnet.
Through our regular technical meetings with the partnering firm ‘Klaytn,’ in-depth discussions are being held, including connection testing between the BORA platform and Klaytn mainnet. With detailed technological collaboration such as above, if Klaytn manages to maintain stability in terms of operation, and deliver an adequate level of performance, we plan to expand our Klaytn based ecosystem.
As such, BORA’s structure is purposefully designed to be an optimal platform for servicing blockchain digital contents.
We will continue our efforts on the development and application of blockchain technology, to achieve daily-life implementation of related services. And your support and interest in BORA would be much appreciated.
Also, we encourage our supporters to participate in the ongoing NFT Naming Event.
Best regards,
BORA Team
Website: https://bora.boraecosystem.com/
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