A Year in the Boca Parachain (2): System Chains, Smart Contracts, and Social Media

The ability to create and transfer assets is a basic requirement of the Boca ecosystem, so it makes sense to provide some basic asset functions as a core public service of the network.

StatemintIt is the first system parachain on Boca, which provides basic asset infrastructure. It allows any entity to deploy assets, including NFT assets, providing generic multi-asset functionality for a range of use cases, and using DOT as its native token.

Assets created on Statemint can be divided into three basic categories: assets supported by the functionality of an on-chain protocol (such as assets that grant voting rights or access to a network), assets with off-chain support (such as real-world assets such as off-chain reserves or art), and assets without support.

One of the basic features required for Web3 is to enable people from all over the world to come together and organize as a group without trusting third parties like lawyers and courts.CollectivesIt is Boca's second system parachain, and it provides this functionality to the Boca ecosystem.

The first collective to launch on the Collectives parachain wasPolkadot Alliance, a community initiative to recognize positive contributions to the ecosystem and establish ethical guidelines around fraud, malicious behavior, misuse of the Boca brand, and unsourced code. PolkaDot FellowshipIt is the second collective to launch, a decentralized group of Boca technology experts, at BocaOpenGovIt plays a key role in (Boca Network's next-generation governance system).

AcalaIt's an all-in-one DeFi hub with a suite of applications for end users, a stablecoin (aUSD), and a smart contract platform for DeFi developers to create projects.

Acala has built-in interoperability and Ethereum compatibility, and has been fine-tuned to provide optimized DeFi and hybrid finance (HyFi) applications. Acala combines Substrate's performance, flexibility, and interoperability with Ethereum's compatibility to unlock the huge potential of DeFi, enabling applications to scale and take advantage of the flexibility and multi-chain integration unleashed by Boca.

The Acala team launched its suite of products in 2022 and became one of the best-performing DeFi parachains on Boca, with over $200 million in TVL and a total of over 70,000 cross-chain transfers with other networks.

MoonbeamIt's a cross-chain smart contract platform that makes it easy to build multi-chain dapps on Boca using familiar Ethereum tools.

Traditionally, the siloed nature of the blockchain ecosystem requires that Ethereum smart contracts and dapps need to be modified or completely rewritten to run on different chains. However, as an EVM-based smart contract platform, Moonbeam enables users to establish or redeploy smart contracts to Boca without reconfiguration, and even expand its functionality through on-chain governance, staking, and cross-chain integration.

In less than a year since it went live, Moonbeam has reached 14.6 million transactions, 1.5 million unique addresses, more than 3,000 ERC-20 tokens, and integration with 9 other parachains through XCM, making it the most active network on Boca. More than 300 projects, integrations, and collaborations have been established within the Moonbeam ecosystem. Moonbeam was highlighted by Electric Capital as one of the fastest-growing blockchain ecosystems, with a 27% increase in full-time developers in 2022.

AstarThe network provides the infrastructure for building dapps based on EVM and Wasm smart contracts, and is the first parachain to provide Wasm functionality on Boca. Astar's design is multi-chain first, and is truly interoperable within and outside the Boca ecosystem, providing developers with a fully functional smart contract platform. Astar's industry-first Build2Earn model also enables developers to earn tokens for dapps developed for them through an innovative dapp staking mechanism.

Astar has become the dominant force in the Japanese Web3 sector, being named the 2022 Product of the Year by the Japan Blockchain Association, and the founder of Astar was on the cover of Forbes' Japan edition after being named Person of the Year. The Astar network has created more than 50 dapps on its platform and announced a partnership with Toyota and NTT Docomo, Japan's largest mobile phone network.

PhalaIt is a next-generation decentralized cloud computing network that supports Web3. Its core is security, scalability, and cost efficiency, and aims to bring the decentralized computing cloud to the masses.

Users can buy computing power from node operators that provide resources to the network. By utilizing the Trusted Execution Environment (TEEs) within modern computer CPUs, node operators cannot see or tamper with data stored on their machines, thereby ensuring data privacy. Phala's Turing complete smart contract enhances the protection of management programs on the network, and is complemented by an off-chain programming model called the “Phat Contract,” a software for the Web3 backend. Phat Contract is inexpensive, has zero latency, provides privacy and serverless SDKs, and can maintain high-end computing across multiple services without congesting the blockchain.

In addition to Phat Contract, Phala also launched PhalaWorld in 2022, a digital experience showing the progress of users' soul-bound NFTs on the Phala network. In the year since launch, Phala has grown from a few hundred off-chain computing workers to nearly 20,000, running on 140,000 virtual CPUs.

Building interoperability between blockchains from scratch is a goal that many networks and solutions have been working to achieve, or at least have had this idea for quite some time.

DarwiniaIt is a cross-chain protocol and smart contract platform that aims to be the hub of a cross-ecosystem bridge on Boca, with a bridge connecting the Boca ecosystem to networks such as Ethereum and Cosmos. Darwinia provides a lightweight client-based general cross-chain message transmission infrastructure for decentralized applications.

Many cross-chain bridges aren't interoperable from the start, and are often a temporary solution to network congestion and high transaction costs. Using Substrate/Boca, Darwinia is inherently interoperable, bringing users trustless cross-chain token exchange, exchange, and marketplace functionality. Through the Darwina infrastructure, single-chain applications (DeFi, DEX, GameFi, etc.) can be upgraded to cross-chain versions to expand their functionality.

Aventus Network (AvN) is an enterprise-centered parachain designed to help bridge the gap between blockchains and provide a cross-chain interoperable smart contract platform, including a layer 2 architecture connected to Ethereum. AvN allows users to use a myriad of commercial use cases, including supply chains, video games, and loyalty programs.

AvN will serve multiple industries and sectors in the Web3 era. The network is already working with fintech, NFTs, and airline projects, hoping to improve their services. In these collaborations, AvN increased net profit, reduced transaction fees, and upgraded financial management, providing various benefits to the cooperative project.

In addition to completing the launch in 2022, Aventus has achieved carbon neutrality through carbon offsetting programs.

Traditional commodity markets are facing critical sustainability issues, including record prices, scarcity, and unethical practices such as child labor and other practices that have a negative impact on the planet, resource-rich communities, and consumers.

WatrIt is an open, ethically-driven, programmable commodity platform that connects commodity flows to a strong ecosystem of participants, and also includes commodity finance and trade. Watr aims to serve retail and corporate markets, reimagining finance and trade through the lens of inclusiveness, transparency, and sustainability.

Watr combines multiple features, including a smart contract platform, decentralized identity, supply chain and traceability, zero-knowledge proof, etc., to create a fully functional open platform that optimizes ethical products. Existing initiatives being built on Watr include partnering with Flowcarbon to launch its carbon tokenization technology to build a traceable and transparent carbon trading market.

frequencyIt changed the Web2 model, which is a social media optimized parachain that gives users complete control over their data. As the first implementation of the Decentralized Social Networking Protocol (DSNP), Frequency provides a means to democratize and decentralize social media, providing tools for a new round of innovation in social networks. DSNP will allow users to switch between social media platforms at will while maintaining full control over their data and social relationships, so they won't lose their social graph as they move to a new network.

Frequency is designed to expand decentralized social networking applications, with low, predictable costs and no-currency interactions, and off-chain data broadcasting capabilities to maximize throughput and enhance openness and transparency.

Among the first projects to begin construction in Boca Ecology,Subsocialis a Web3 social media protocol and platform that enables developers to launch decentralized censorship-resistant social networks. Many social networks can run on the Subsocial chain, which provides shared networking standards. Users are free to post, create, and manage their own content without being influenced by third parties, have full control over their social profiles, and can even set their own content moderation preferences.

Using Substrate and IPFS (for storage), the platform invites developers to build social apps where user-generated content is owned by users, and data can be shared between applications. App creators on Subsocial can also eliminate the need for their users to interact with the token.

Subsocial has established several partnerships, collaborations, and integrations across the Boca ecosystem, including integration with data storage project Crust Network and Polkassembly, the Boca governance platform.