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Introducing WAY2BIT and the Bora Blockchain Ecosystem

Last Updated March 30, 2023 4:42 AM
Press Release
Last Updated March 30, 2023 4:42 AM

WAY2BIT has signed agreements to build a blockchain ecosystem with over 30 professional companies including game developers, healthcare providers, education consultants, real estate companies, and grid address developers. Recognized for their growth and development, WAY2BIT also attracted investment from companies such as Blockwater Capital, Kakao Games, Neptune, and Dunamu & Partners.

BORA Performance

BORA provides a solution which enables secure and transparent distribution of content and protects and unlocks the value of digital assets on the blockchain.

the bora logo is shown in black and blue

In addition, the BORA platform is designed using a modular architecture to allow independent blockchain execution by content providers. This ensures that the data and transactions of each service are guaranteed to run independently and without impact to other services on the platform. Meanwhile, users can leverage various content services provided by the BORA ecosystem through a single, unified user experience. User identity, accounts, and assets are completely integrated and mutually compatible within the ecosystem, and the BORA platform has the performance and scalability to handle the activities of these content services seamlessly.

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the main chain of a slide chain

BORA uses a dual-blockchain architecture consisting of an Ethereum mainnet and multiple side-chain sets. Each side-chain set can handle 2,200 TPS (transactions per second). The design is modular and can be expanded easily. For example, a five-set side-chain would have a total processing capability of 11,000 TPS (2,200 TPS x 5). There is also no structural limitation on side-chain expansion, so performance could be scaled indefinitely using additional side-chain sets.

User Benefits and Value

While the blockchain provides transparency and trust through immutability, realization of a usable service inevitably requires some form of recovery, whether due to negligence, mistake, or intended error. BORA has already completed technical testing and validation of recovery methods and is considering rules and policies to ensure that it is not deployed in contradiction to the principles of blockchain. This unique feature of BORA enables rich user experiences and value and offers a more realistic approach to high-quality blockchain services. Through their experience in developing a variety of traditional IT platforms, the people behind BORA are working hard to apply their development and operational knowledge to provide user-friendly experiences and features using the blockchain.

For more information about BORA:

Website: https://www.boraecosystem.com/
Telegram: https://t.me/boraecosystem
Twitter: https://twitter.com/bora_ecosystem
Medium: https://medium.com/@BORA_Ecosystem
Facebook: https://www.facebook.com/BoraEcosystem/
Email: [email protected]