BOSAGORA Unveils Micropayment Protocol ‘Flash Layer’

The company is expanding its ecosystem by solidifying a foothold for completing an advanced and decentralized blockchain platform, including the DAO roadmap it recently announced.\nFlash Layer is a layer 2 payment protocol that operates on BOSAGORA\xe2\x80\x99s network.

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Thursday, April 15, 2021
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Software, Networks, Internet, Finance, Data management, Professional services, Technology, Security, Cryptocurrencies, Concurrent computing, Articles, Technology, Decentralized application, Ethereum, Blockchain, Joseph Lubin, The Dao, Bitcoin
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Summary
Key Points: 
  • The company is expanding its ecosystem by solidifying a foothold for completing an advanced and decentralized blockchain platform, including the DAO roadmap it recently announced.\nFlash Layer is a layer 2 payment protocol that operates on BOSAGORA\xe2\x80\x99s network.
  • Compared to Lightning Network of Bitcoin or zk-Rollups of Ethereum, Flash Layer is far faster in a transaction with much lower charges.\nThe Flash Layer delivers a number of advantages, including strong security based on encoded updates in real-time and nearly no bugs by going through vast tests.
  • It is expected to be valuably used in diverse Dapps linked with real-world life as it allows for large-scale and frequent transactions with low charges safely and rapidly.\nAlong with the unveiling Flash Layer through YouTube live streaming, BOSAGORA had chances of communicating with global users.\n\xe2\x80\x9cThe release of the Flash Layer marks a milestone that visibly demonstrates the development capability of BOSAGORA,\xe2\x80\x9d said Kim In-hwan, President of BOSAGORA.
  • \xe2\x80\x9cIn the months to come, we will introduce a variety of Dapps linked with real-world life by using the Flash Layer in the platform.\xe2\x80\x9d\nView source version on businesswire.com: https://www.businesswire.com/news/home/20210415005433/en/\n'


BOSAGORA, a leading public blockchain platform, announced that it unveiled the Flash Layer, which it developed for micropayment, through live streaming on YouTube on April 15.

BOSAGORA is a blockchain platform that drives the development of the ecosystem by providing technological and financial support to projects selected through democratic consensus among ecosystem participants. The company is expanding its ecosystem by solidifying a foothold for completing an advanced and decentralized blockchain platform, including the DAO roadmap it recently announced.

Flash Layer is a layer 2 payment protocol that operates on BOSAGORA’s network. It was developed for handling small transactions work. Compared to Lightning Network of Bitcoin or zk-Rollups of Ethereum, Flash Layer is far faster in a transaction with much lower charges.

The Flash Layer delivers a number of advantages, including strong security based on encoded updates in real-time and nearly no bugs by going through vast tests. It is expected to be valuably used in diverse Dapps linked with real-world life as it allows for large-scale and frequent transactions with low charges safely and rapidly.

Along with the unveiling Flash Layer through YouTube live streaming, BOSAGORA had chances of communicating with global users.

“The release of the Flash Layer marks a milestone that visibly demonstrates the development capability of BOSAGORA,” said Kim In-hwan, President of BOSAGORA. “In the months to come, we will introduce a variety of Dapps linked with real-world life by using the Flash Layer in the platform.”

Please watch a video of the unveiling Flash Layer on the official YouTube channel of BOSAGORA.

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