Boba Network is a multichain layer-2 scaling solution that utilizes optimistic technology to enhance blockchain communication. It aims to maximize the capabilities of rollup technology and is fully compatible with EVM-based tools. The protocol has already implemented support for Avalanche, BNB, Moonbeam, and Fantom, enabling fast transactions and significantly reducing fees compared to traditional layer-1 solutions. Boba Network utilizes Hybrid Compute technology to integrate Web2 capabilities on-chain, enabling smarter smart contracts that leverage off-chain computation and real-world data to enhance decentralized applications. The native token, $BOBA, serves as a governance tool for the Boba DAO, allowing token holders to participate in community initiatives and shape the network's future. Each $BOBA holder is granted voting rights based on the amount they stake on Boba Network, enabling them to submit proposals, vote on governance matters, and delegate votes according to the established guidelines.
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