- Why the choice of the network matters
- Why Boba network is the right choice
- What’s the catch
The vast majority of new crypto projects is based on previous projects. There is no difference between crypto and economics in general. Most new products are an evolution rather than a revolution.
When it comes to crypto the dev can freely reuse ideas and source code from other projects, because most of it is open source without any special licensing issues (like Uniswap v3). Besides the choice of “templates” there is also the choice of the blockchain network. The dev can choose between decentralized (ETH, Polygon) or centralized (BSC, CRO), between EVM compatible or a complete rewrite of the code (Solana, Terra), between almost gasless or heavy gas tax and so on. The choice of the blockchain determines many options and can be a success for the project or lead to failure.
The CyberCAO team chose Boba network to implement the project. Honestly, I don’t know the reasons, but I know, why I like the choice. Boba network is not a blockchain itself, it is also not a sidechain, but it is a Layer 2 network inside of Ethereum. Boba network lives inside of Ethereum as a series of smart contracts that are capable of executing Ethereum transactions. That means it uses the same solidity language and inherits the security of the Ethereum network. It uses optimistic rollups (bundling L2 transactions in one L1 transaction) mainly for faster execution and lower gas fees (typically between 1% and 10% of the fee on L1). It is still more expensive than other blockchains, like Solana or Polygon.
But the main reason, why I like Boba network is extensibility. The dev can 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. Doing so, the dev can extend the capabilities of the solidity code with external python, java, node.js, c# you name it. That is mind blowing. That is a tremendous step for Ethereum, because calculations using big data, machine learning and so on, cannot be executed on-chain. Boba network will allow CyberDAO to move beyond the blockchain within the smart contracts itself. Potential unlimited. You see now, why I am excited?
Boba network boasts an impressive list of supporters and contributors, like the OMG Foundation, Stanford faculty, FRAX, BAND and many others. The goal is to enhance and augment the Ethereum network and create a truly decentralized experience. The Boba network DAO is on the roadmap as well. All of that ties in nicely with the goals of CyberDAO.
There’s a catch, but it is a temporary one. The catch is, that for the moment there is only one Sequencer node, operated by the Boba network itself. A Sequencer node is a special node in an Optimistic Ethereum network that can order transactions on short timescales (on the order of minutes). Ideally that will change until the launch of CyberDAO.
Disclaimer: I am not part of the CyberDAO team. I am only a very excited member of the community.