Witnet Decentralized Oracle Network Partners with Boba Network
Witnet is delighted to announce the partnership with Boba Network to lead further the adoption of accurate, efficient, and secure data retrieval methods within the Ethereum ecosystem.
Boba is a next-generation Ethereum Layer 2 Optimistic Rollup scaling solution. Boba improves transaction throughput, lowers gas fees, and enhances the capabilities of smart contacts.
Boba Network uses community-driven liquidity pools to offer fast exits, shrinking the exit period from days to just a few minutes, while providing LPs with opportunities to earn yield. Boba’s extensible smart contracts will enable developers across the Ethereum ecosystem to build dApps that invoke code executed on web-scale infrastructure such as AWS Lambda, making it possible to use algorithms that are either too expensive or impossible to execute on-chain.
Witnet’s decentralized network of oracle nodes will trustlesly provide data to Boba Network in an accurate, transparent, and censorship-resistant way.
“Without a reliable oracle, smart contracts are subject to hacks, monetary loss, and other forms of corruption,” said Alan Chiu, CEO of Boba Network. “A partnership with Witnet is a natural fit for Boba — their decentralized system is able to withstand potential vulnerabilities and consistently provide secure and trusted data for developers.”
Witnet Foundation believes this partnership will strengthen progressive decentralization within both communities and enable novel use-cases for projects building on top of Boba Network.
“We are entering a multi-chain era in which we will be taking advantage of the unique features of many smart contract platforms. Boba Network ticks all the right boxes to become the go-to Layer 2 solution for Ethereum devs to keep growing with their eyes set on innovation instead of scalability challenges”, highlighted Adán SDPC from Witnet Foundation. “Witnet is delighted to be in the forefront of this, working side by side with projects in the Boba ecosystem to help them build more secure, efficient and usable dApps and protocols.”
About Witnet
Witnet is a decentralized oracle that is true to the censorship resistant nature of blockchains. The Witnet protocol leverages state-of-the-art cryptographic and economic techniques to provide smart contracts with secure data input.
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About Boba
Boba is an Ethereum Virtual Machine (EVM) compatible Layer 2 Optimistic Rollup that helps Ethereum smart contracts scale while delivering a delightful user experience. Boba enables Ethereum developers to build dApps that trigger code running on web-scale infrastructure such as AWS Lambda, making it possible to leverage sophisticated algorithms that are either far too expensive, far too slow, or practically impossible to execute on-chain.
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About Enya
Founded by Stanford faculty and alumni, Enya pioneered decentralized privacy and became the largest provider of secure multiparty computation services, serving more than 10 million users across 91 countries. Enya creates decentralized infrastructure solutions that serve the next billion users, leading with Boba Network. Boba is an Ethereum Layer 2 solution that scales and augments Ethereum, helping developers deliver a more delightful and inclusive user experience. Enya is a core contributor to OMG Foundation.
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