WAY2BIT [CEO Song Gyehan], developer of blockchain-based digital content platform BORA, held a project meetup at the DECENTRE blockchain café in Gangnam, Seoul on November 22nd. More than 100 blockchain enthusiasts and partners were invited to participate.
The meetup began with a greeting from WAY2BIT CEO, Song Gyehan who provided a status update on the BORA blockchain platform. He also discussed the future business direction of the ecosystem as well as the status of partner projects that are currently in development.
WAY2BIT CEO Song Gyehan introduces the BORA ecosystem and discusses future business direction
WAY2BIT CMO, Lee Seung-hee announced plans to list the BORA token on exchanges later this year. He explained that they are currently in negotiation with a number of local and foreign exchanges and are preparing for listing before the end of 2018.
WAY2BIT CTO, Lee I-Goo introduced the BORA public beta named BORA LAGOON, which launched in Q4 2018. He further explained that the team is focused on development of the main BORA release, which is expected to launch in Q2 2019.
The BORA ecosystem uses a dual blockchain structure which consists of an idyllic Mainnet and multiple sidechains. Each side chain set can handle 2,200 TPS [transactions per second]. The BORA solution is modular and expandable.
For example, a five-set sidechain would have a capacity of 11,000 TPS by utilizing the 2,200 TPS per side chain across all five sets. Lee I-Goo also explained that there are no structural limitations for side chain expansion, so performance can theoretically be expanded indefinitely.
A scene at the BORA meetup held at DECENTRE blockchain café in Gangnam on November 22nd
In the second section of the meetup,