Flash Layer Development Complete

Flash layer development completed

In March, the Agora development team completed BOSAGORA’s second layer which called ‘Flash Layer.’ As a result, BOSAGORA’s blockchain ecosystem will be enriched, and the utility value of the network will be higher.

Development Background

Blockchain’s scalability problem is one of the trilemma issues of blockchain along with decentralization and security issues. It is one of the challenges that numerous blockchain projects have been trying to solve to this day

As the blockchain network grows and the number of nodes participating in the verification increases, the block verification time also increases. A scalability problem arises, and various projects are developing multiple methods to solve this problem. Bitcoin has created a Lightning network that solves transaction speed and transfer fees, and Ethereum is trying to overcome this through sharding using distributed DB technology, plasma or roll-up as a side chain.

Moreover, BOSAGORA developed the second layer, the flash layer. The flash layer can solve transaction speed and scalability by enabling micro-transactions such as payments and connecting only the results to the actual blockchain.

Exclusive strength of Flash Layer

The Flash Layer, as its name suggests, offers a fast and powerful advantage.

Users can quickly pay anytime, anywhere, and the usage fee is much lower compared to transactions made on-chain. Payments are made instantly, just as using a traditional credit card, and there is no need to wait for block confirmation. What’s more, it can be used by millions of users simultaneously, and the number of transactions per second is almost infinite.

Here are the main strengths of the flash Layer.

• Instant payment (Quickness)

• Stable transmission (Accuracy)

• Low fees (Economic)

• Secure network (Security)

Variety of utilization plans

 

The use of Flash Layer does not stop at simple payments. It can be used in almost all fields for personal price and decision makings, such as small payments at retail stores, in-app payments such as games, online broadcast payments through YouTube and private broadcasting, and global donation platforms.

• For small payments

• In-game payment

• Online broadcast payment

• Donation platform, etc.

The flash layer that may solve the scalability problem of the trilemma issues has huge potentials. Linking the flash layer with the blockchain and the real economy will expand its scope and possibilities. Please look forward to the broader ecosystem of BOSAGORA with Flash Layer.