BORA stands for Orchestrated Redeemable Asset. BORA will create its own internal that is based on the network and works as a side chain to the main chain. BORA Chain enables high-throughput. This means fast transaction confirmations and scalability. On the application side of the network, content providers have the ability to launch decentralized content applications on the web-based interface or on a mobile application. BORA has a dual- system. On one hand, they have BORA , the ERC20 called BORA which can be bought and sold on digital asset exchanges after its launch. On the other hand, there are BORA Swell , that are used on the network internally. By playing games, adding content and performing tasks on the network, contributors can be awarded BORA Swell. On BORA Island, users can convert BORA to BORA Swell and they can convert internal BORA Swell to BORA .
BORA recently released its testnet version of the platform called BORA Lagoon. In Q2 of 2019, the mainnet version of BORA Island will be released to the public.
BORA Lagoon
Just last week, BORA called . BORA has been created to simplify the steps for content providers to enter the industry without extensive knowledge of the underlying technology. With BORA Island, content providers can easily integrate their decentralized applications into the network.
BORA Lagoon has the following features that are now in Alpha release:
➡️ BORA explorer: you can see an overview of all the on BORA Lagoon in the BORA block explorer. Currently, you can see that the initial platform game, called Tower Blocks has 73 users that hold a total of 40,381,578,079 BORA Swell. The overall number of users that ask for BORA testnet is 79. Information that can be publicly viewed is of users that are minting new and the transferring of into other accounts.
➡️ Various functions can be tested in BORA Lagoon. For instance, transfer into other accounts, deposit , withdraw Also, Converting BORA into BORA Swell and vice versa can be tested on the BORA Lagoon testnet.
➡️ Developer toolkits will become available to interact with BORA Lagoon. For now, the REST API for the BORA network hasn’t been added yet, but it will become available in the near future according to the BORA team statement on their testnet website.
Concluding remarks
As the development of the platform continues, BORA can grow even more with the help of its community and interested content providers. Together with a growing community and an increased participation of content providers, BORA can grow into a leading content creation platform that is based on technology and gives incentives to its participating community contributors. The development team has been working on the BORA Lagoon testnet and they have launched it perfectly on schedule. I am looking forward to seeing new features added to BORA Lagoon.
Official channels
For more information about BORA:
Website:
Telegram:
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Published at Wed, 30 Jan 2019 04:08:20 +0000
