While Ethereum (CRYPTO: ETH) is the preferred blockchain for most developers, users, and applications, it struggles to scale with user demand. At peak times, transactions on Ethereum can cost hundreds of dollars, as users essentially bid against each other to process their transactions.
Benzinga spoke with Alan Chiu, founder of Boba Network, to learn more about Ethereum scaling. Boba Network recently raised a $45-million series A funding round to help scale Ethereum.
About Boba Network: As a Layer 2 solution, Boba Network lets users enjoy the security of Ethereum’s blockchain without needing to pay exorbitant gas — transaction — fees, Chiu told Benzinga.
“We raised our Series A …
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