2.1 Lack of Integration with the Public Blockchain

The BORA 1.0, at the time of the formation of the project, was Layer2’s private blockchain based on Ethereum. By nature, the private chain has the benefits of being able to handle large-scale traffic and facilitate the ease of use of the service. However, a private ecosystem is closed off and, due to this, has the drawback of limited scalability. The BORA Team had considered linking with Ethereum’s various projects but faced the reality that it would be difficult to expect active participation just for BORA that has a private nature in the large Ethereum ecosystem.

BORA 1.0 was designed as a private blockchain Layer-2 platform on Ethereum.

Due to the reason as explained above, in the last three years, all of BORA’s products have been developed and updated using only BORA Team’s internal resources. As such, BORA Team faced difficulties in forming the Eco-products such as Wallet, NFT Component, DEX that is necessary for new services such as GameFi, NFT and DeFi.

BORA 1.0 had the early versions of the Wallet, NFT Component and DEX as mentioned above in its initial development, but it failed to quickly develop and adapt to meet the demands of the times. This is due to the lack of connection with the public blockchain, limiting the participation rate of entities that work with the public blockchain.

The BORA Team determined that for the rapid growth of the BORA Economy, securing the connection with the public blockchain is essential and decided that Klaytn would be the most suitable for the effective connection. As such, the public blockchain had been changed from the existing Ethereum to Klaytn in October 2021.