Bora Ecosystem BORA Token: Blockchain Entertainment Network?
What Is Bora Ecosystem?
Bora Ecosystem is a decentralized entertainment platform that focuses on the distribution of digital contents and the provision of incentives to its participants. Different types of service providers who deal with content like video games, entertainment, and social communities use the platform in the provision of their services in an easy and quick manner.
The BORA platform is designed with a modular architecture that allows for the execution of independent blockchain that is based on permissioned voting algorithm by the content providers thus ensuring undisturbed autonomous execution and the prevention of noisy-neighbor issue.
How Bora Ecosystem Blockchain Entertainment Network Works
The BORA platform design entails an internal blockchain known as BORA chain and an Ethereum public blockchain that are linked together. The design of BORA chain is such that it ensures speed, flexibility, and scalability while processing high volume and mass user transactions.
The aim of the platform is to provide high transaction throughput and expandability that is required for the commercial content application services. Users of the platform are given a unified User experience across various content services available on the BORA ecosystem. These include the unification of personal identity, assets, and accounts that will also be inter-compatible on the platform.
The asset and their values that have been accumulated through the interaction of every content service are accepted and compatible on the platform. The platform has the scalability and performance required to process the exact amount of activities reliably for every piece of content.
The platform is powered by two tokens one of them being an internal token known as BORA point that circulates within the ecosystem. The token is only created through the ERC20 token conversion request. Other individuals cannot issue the BORA point token. The BORA Point tokens are used for commercial services that need performance as well as capacity in the BORA chain.
The second token for the entire BORA ecosystem is BORA, which is a digital token based on ERC20 protocol on the Ethereum smart contract. The BORA token ensures the scalability and reliability of the BORA Ethereum network. The BORA tokens are used by ecosystem participants in the circulation of business content and promotion of user activities. The conversion of BORA tokens to BORA point is possible on the platform through the BORA token manager, based on smart contract, to allow users deliver proper services.
Bora Ecosystem Benefits
Performance And Scalability
The design of BORA chain ensures that large volumes of transactions can be processed quickly thus accommodating content services like games. The platform is structured independently to allow the execution of independent blockchains by users, thus incorporating performance and scalability.
The use of blockchain technology in the operations of the platform ensures that the platform maintains transparency at all times. It also allows the disclosure of all the information and its workings to the users, with the proof of ownership mechanism. It also ensures the safe recording of the digital information.
The BORA platform is flexible in such a way that it can accommodate various amounts of transactions at a time in its system. It also can involve different types of content creators, as participants in its network, be it creation of video games or social community through BORA chain.