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Web3 is the current evolution of the Internet again, and it has also brought many changes and influences. As an important role in Web3, Boka is often closely related to the development of the Web3 industry.
In the white paper released in 2016, Gavin Wood, the chief co -founder of Boka, listed the five major defects of the blockchain at that time. The specifics are as follows:
1. scalability
2. isolation
3. Development
4. Governance
5. Applicability
As explained in the white paper: his goal is to build a decentralized network framework to overcome these defects.
In the Public Pass Sales (ICO) at the end of 2017, Gavin Wood described the Boka project like this:
“This is a underlying architecture based on no trust. It supports economic activities between people, enterprises and organizations, such as Google, Facebook and Wikipedia.Subverting the bureaucratic system, trade and industry pattern. “
Our theme today is that Boka is dying, or is it fulfilling its original intention?This article will discuss this.
Pokka background story
Even before Boka’s main online online in May 2020, this project has attracted widespread attention.Initially, the Internet idea was to support the expansion of Ethereum and help them achieve more application scenarios.In particular, Boka aims to allow companies and other business users to build their own custom blockchain and share resources with Ethereum through cross -chain protocols.
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It is true that Boka’s core agreement should have been used as an expansion of Ethereum, and Boka is designed and developed by ETHCORE, the same company that builds Ethereum.
This also explains why several major co -founders of Boka participated in the creation of Ethereum, especially Dr. Gavin Wood. He proposed and helped develop the programming language Solidity that Ethereum and most of its applications rely on.Other co -founders Robert Habermeier and Peter Czaban have also served as core developers in Ethereum in Ethcore.
After that, Ethcore was renamed Parity Technology.At the same time, it abandoned the idea of treating Ethereum as a special blockchain in an ecosystem, and chose to use it as one of the many public chains and private chains that can be connected to the Pokka network to build a super network that eventually become the backbone of the Internet.
Nevertheless, Pokka still retains the goal of becoming a new blockchain basic framework. Anyone who wants to build a customized blockchain for its specific needs can easily achieve it.This means that Boka provides a ready -made network, consensus mechanism and template.
With Pokka, developers do not need to spend a lot of time and resource construction from scratch.They can directly download the Substrate Node Template, which is a tiny code library for the skeleton of the blockchain and is used to build and customize.
In this way, developers can focus on building decentralized applications (DAPPS) to provide unique service or user experience.
In addition, this framework, known as Substrate, also provides a mechanism for sharing data and processing chain transactions through special cross -chain protocols, which is almost applicable to all public chains and private chains.
So what is Kusama?What is the relationship with Boca?
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Kusama is an experimental development environment. The development team usually tests and innovate their applications here, and then deploy them to Boka.
In the end, Boka Network will play a key role in promoting human society to Web3’s transformation, and web3 is a more decentralized Internet that gives end users more data control.
In 2017, Gavin Wood, Peter CZABAN and Ashley Tyson jointly founded the Web3 Foundation to motivate and support the development of agreements, applications and technologies for decentralized Internet.
Pokka ICO
The Pokka project has caused great enthusiasm in the Crypto community and transformed into huge financial support.
In October 2017, the project raised $ 80 million through the first private token sales, and raised an additional $ 65 million in the same period of public sales.In the next two rounds of private sales, Boka received more than $ 100 million in funding support.In general, Pokka successfully raised more than $ 250 million from investors.
When the main network was officially launched in May 2020, many investors, developers, and technical enthusiasts believe that this is a project that brings the blockchain into the mainstream.
In the first year after the main network, Pokka’s native token DOT became the fourth largest Crypto asset with a market value of nearly $ 20 billion.
Does Boca achieve the goal?
To evaluate whether Boka is successful, we need to investigate from six key areas.The five areas are the defects of the first generation blockchain listed in the initial white paper based on the Boka team.The sixth field is the market performance of DOT token as a transaction asset.Although this is not one of the goals set by the Boka team at the beginning, it is still important because most people do merge whether its success is used through the native general throughout the blockchain.
DOT’s market performance
DOT is the native token of Pokka network.Its status in the Boca network is equivalent to ETH in the Ethereum network.DOT is used to pay transaction costs, support consensus mechanisms through pledge, and use it as a voting right in the governance structure.
For many people, especially traders, the value of DOT is the main criterion for judging whether the success of the Pokka network.Although its performance can be used as an indicator of the project performance, it should not be viewed in isolation.Many excellent projects, their assets often perform poorly in the market.At the same time, there are also some assets without any substantial innovation, but they are over -hype in the market.
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In most cases, DOT has a positive correlation with BTC like most assets in the Crypto market.Generally speaking, the price fluctuates up and down with the price of BTC and other CRYPTO assets.
However, there have been some significant independence trends for many years.For example, DOT has fallen from the top ten of the CoinMarketcap list to the top 20.However, this can be explained by many new assets appearing in the market, not because DOT has not performed well compared to other assets.
Therefore, as far as the market performance of the DOT is concerned, considering the overall market environment, it can be said that Pokka has performed stable in maintaining its value.
Scalability
“What is the processing, bandwidth and storage resources consumed by a single exchange globally? What is the transaction volume that the system can handle reasonably under peak conditions?” – The Pokka White Paper is excerpted.
One of its core selling is scalability since the birth of Pokka.
At the beginning of project ideas, scalability was considered to be the main obstacle to obstructing blockchain technology.At that time, the BTC’s memory pool frequently blocked, resulting in a delay in confirmation and soaring transaction costs.The same situation also occurs on the Ethereum network, especially after more and more decentralized applications (DAPP) are launched.
The Boka Development Team realized that the key problem that hindered the expansion of the blockchain is that the transactions in the global state must be verified in synchronization. This linear arrangement greatly limits the scalability.
The design of the Pokka protocol cleverly separates the transaction verification from the transaction organization on the shared account book.
Different from traditional methods, Boka’s transactions do not need to be forced to arrange a single queue, but can be independently confirmed.This mechanism is achieved through multiple blockchain (called parallel chain). These chains operate and share security by the central main chain called the central chain, while maintaining their respective consensus mechanisms.
This design enables Pokka Global Networks to confirm hundreds of thousands of transactions per second, showing great expansion potential.
Although this technology is excellent, the scalability of most blockchain has gradually eased.Boka’s leading advantage in scalability has gradually been weakened, especially other mainstream blockchain projects have also introduced similar expansion solutions.For example, Avalanche introduced the subnet architecture, Ethereum launched the RestAKing mechanism, and Cardano used the partner chain.
Some people believe that the excessive attention of the Boka team to scalability has led to the slow progress of the project in other innovative areas and affecting its competitiveness.
However, recently, Pokka’s core developers have made three major updates on the Internet to promote Pokka Network to the so -called “Pokka 2.0”.
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The first is asynchronous backing. This update will expand the block size by four times and shorten the transaction confirmation time from 12 seconds to 6 seconds.
The second update is Agile Coretime, which makes the allocation and management of resources (especially block space) on the network more flexible.
The third update is elastic scaling, allowing parallel chains to achieve dynamic expansion by allocating multiple cores.In other words, a single parallel chain can handle multiple blocks in a global block of the Pokka network, thereby increasing transaction processing.
There is no doubt that these updates have greatly increased the overall transaction throughput of Pokka network.
Isolation
“Can you meet the different needs of multiple participants and applications in the same framework in the same framework?” ——In the Boka White Paper.
The second problem to solve Pokka is the current situation of isolated between blockchain.
The development team has created mechanisms for the interoperability between the public chain and the private chain.The native blockchain (parallel chain) on the platform is connected to the relay chain to realize the sharing of data and assets.
As of 2024, more than 50 parallel chains have been launched on the Poca Substrate platform.These chains can execute SPREEE sharing data and digital assets through cross -consensus messages (XCM) protocols and sharing protection runtime.
For the blockchain built by the non -Boka network, they can be connected to the Boca network through various bridge protocols.
For example, Ethereum is connected to the Boca ecosystem through the Snowbridge protocol.The BTC network is connected through the XCLAIM protocol. Users can lock the BTC on the BTC chain and cast it on the Boka network into IBTC. The reverse transaction is also supported.
As far as blockchain operating, Pokka network seems to have one of the best solutions for the market in the market.
Developmentability
“What is the effectiveness of these tools? Can API meet the needs of developers? Are there any relevant educational materials? Is there any proper integration?” ——In the Boka White Paper.
Boka’s design goal is to carry various applications like other similar networks such as Ethereum.
Pokka’s Substrate framework provides flexible capabilities, and developers can easily build customized blockchain applications.Developers can start a unique parallel chain by distributed ports and cores.
Boka Wiki provides rich resources to help developers understand the operation process, and the file library is constantly updated to ensure that the content is always maintained.
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Boka’s SDK aims to support the execution of complex processes through relatively simple logic.The Substrate platform provides a new blockchain construction module, and developers do not need to redesign complex mechanisms.
The Boga Substrate platform supports the use of WebAssembly, making the realization of the core development process more convenient.Of course, multiple bridge protocols have been implemented, which is convenient for interoperability with new projects.
In terms of providing construction, implementation and integration projects, it can be said that Pokka has been actively adapting to market demand.
The development team is currently busy than ever.A significant sign is that since the project was launched, most of the submission of more than 10,000 times occurred in 2024.
In addition, according to Electric Capital data that tracks Crypto development activities, the Pokka ecosystem has the number of active developers second only to Ethereum.Even a single parallel chain, especially Kusama, Moonbeam, Moonriver, and Acala, have entered the top ten project lists with the largest number of active developers per month.
Govern
“Can the Internet maintain flexibility, and continuously evolve and adapt with time with time? Can decisions be sufficient in terms of inclusiveness, legality and transparency, so as to effectively guide a decentralized system?” ——In the Boka White Paper Paper Paper from the Pokka Bai PaperEssence
Pokka network provides considerable control for all DOT token holders, forming a governance structure called OpenGOV.In essence, this project is a decentralized autonomous organization (DAO).
DOT holders can directly or pass the commission to elected a governance committee. Its responsibilities include handling changes to the core agreement and assigning the technical committee to coordinate the agreement to upgrade.
Nevertheless, any DOT holder can propose proposals, and if you get the support of other holders, you can vote through the referendum.
The Pokka ecosystem also has a state treasury supported by some funds supported by network costs and punishment expenses. These resources are allocated to different projects through the direct or entrusted voting of the community.
In other words, community members can apply for funds to perform the tasks that are beneficial to the project.These proposals can be voted and voted. If you get sufficient support, you can get funds from the treasury.
However, there are also some problems with the governance of the Boca ecosystem.
In the early stages of the Pokka and Kusama projects, Parity Technology has invested a lot of resources for marketing and community construction.But at a certain point, it gradually retired behind the scenes.
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Considering that Boka should be a decentralized project, this measure is reasonable. The community should have received the responsibility of promoting technology application.Unfortunately, this measure also reduces more targeted marketing, leading to the slow speed of projects and its applications.
Nevertheless, Pokka still provides one of the most seamless governance structures in the Crypto ecosystem.
applicability
“Can this technology solve an urgent demand independently? Does it need other ‘middleware’ to bridge the gap between the actual application?” –Idraded from the Boka White Paper.
At present, nearly 60 active parallel links on Pokka network.
However, it is worrying that many parallel chains that have been started in the Boka ecosystem are still idle, which makes people question the future of the ecosystem.
A well -known parallel chain project developed based on the Boka Substrate framework is Bittensor, a decentralized machine learning platform.Its native token TAO ranks 24th on CoinMarketcap.
Another notable project is Astar Network, which is a decentralized application and two -layer solution incubator, which provides developers with web3 interoperability infrastructure, economic incentives and technical support.
Other projects based on Boka platforms include ENJIN, Originaltrail, Centrifuge, Moonbeam, Aleph Zero, Celer Network, Moonriver, Phala Network, and Acala.
In addition, COINMARKETCAP lists nearly 100 projects that have been started and operated in the Boca ecosystem.
in conclusion
Although Pokka faces some challenges, it still provides excellent solutions and has made significant contributions to promoting the popularization of blockchain technology.Boka never declined.
The original text was derived from Medium. It was compiled and organized by the Pokka Ecological Research Institute. The English copyright belongs to the original author. Please contact the editor in Chinese.
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*The information provided by the POLKADOT Ecological Research Institute does not represent any investment hints. The published articles only represent personal opinions and are for reference only. Given that domestic policies and regulations have not yet introduced digital assets, mainland Chinese users are requested to pay attention to the development of Crypto.
