Boba Network to Conduct Scheduled Maintenance on January 15th

Boba Network has announced a scheduled downtime for its mainnet on January 15th from 21:00 UTC to 21:30 UTC. The downtime is planned for system maintenance. Refer to the official tweet by BOBA: NOTICE: There will be a scheduled downtime for Boba Mainnet on Wed, Jan 15, 2025, from 21:00 GMT to 21:30 GMT.BOBA InfoBoba Network is an Ethereum-based Layer 2 (L2) solution. This cutting-edge platform aims to address Ethereum’s scaling challenges, ensuring a smoother experience by enhancing transaction speeds and reducing associated costs.Unlike conventional on-chain processing, this technology processes transactions off-chain and then aggregates the results, committing them back to Ethereum“s mainnet. Such an approach substantially boosts transactional throughput and dramatically cuts down on gas expenditures. Furthermore, the platform”s tight-knit compatibility with Ethereum facilitates seamless dApp migrations and deployments, while its advanced data compression features speed up transaction finality and optimize the overall user experience.Central to Boba“s ecosystem is the BOBA token, which carries multifaceted utility. Primarily, it acts as a governance tool, allowing stakeholders to influence the network”s direction. Additionally, the token is employed for staking purposes, strengthening network security. It also serves as an incentive mechanism, rewarding participants and aligning interests across the platform.