WAY2BIT is a blockchain technology company founded in December 2017 that focuses on the progress of blockchain-based platform services. WAY2BIT is developing a commercial platform called BORA to create new value using blockchain technology. BORA is a DApp platform designed to solve existing industry problems by distributing games and digital content and encouraging user interaction using a double blockchain structure and a proprietary token mechanism. WAY2BIT has completed the development of the alpha version for the BORA platform and opened the "BORA Lagoon" testnet in October 2018. They plan to officially launch BORA in the first half of 2019 and expand the ecosystem.
WAY2BIT has signed agreements to build a blockchain ecosystem with over 30 professional companies including game developers, health service providers, educational consultants, real estate companies and network address developers. Recognized for their growth and development, WAY2BIT has also attracted investments from companies such as Blockwater Capital, Kakao Games, Neptune and Dunamu & Partners.
BORA provides a solution that allows the secure and transparent distribution of content and protects and unlocks the value of digital resources on the blockchain. In addition, the BORA platform is designed using a modular architecture to enable independent content providers to perform blockchain. This ensures that the data and transactions of each service are guaranteed to work independently and without impact on other services on the platform. Meanwhile, users can take advantage of various content services provided by the BORA ecosystem through a unique unified user experience. User identities, accounts and resources are fully integrated and compatible with each other within the ecosystem, and the BORA platform has the performance and scalability to manage the activities of these content services in a transparent manner.
BORA uses a double blockchain architecture composed of an Ethereum network and several sets of side chains. Each set of side chains 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 capacity of 11,000 TPS (2,200 TPS x 5). Furthermore, there is no structural limitation on the side chain expansion, therefore the performance could be resized indefinitely using additional side chain sets.
Benefits and value for the user
While the blockchain provides transparency and trust through immutability, the realization of a usable service inevitably requires some form of recovery, due to negligence, error or intentional error. BORA has already completed the technical tests and the validation of the recovery methods and is considering rules and policies to ensure that it is not distributed in contradiction with the blockchain principles. This unique BORA feature allows users with rich experience and value and offers a more realistic approach to high quality blockchain services. Thanks to 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.
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