#### What is BORA? BORA is a decentralized ecosystem designed to cater to the gaming and entertainment industry. It aims to attract applications and games from the [GameFi](https://help.coinbase.com/en/coinbase/getting-started/crypto-education/glossary/gamefi) sector to its BORA Chain, providing an alternative to blockchains with high transaction fees. BORA operates on a two-tiered [blockchain](https://www.coinbase.com/learn/crypto-basics/what-is-a-blockchain) system, with the BORA token traded on the Klaytn blockchain, which is focused on [metaverse](https://www.coinbase.com/learn/crypto-basics/what-is-the-metaverse) and gaming use cases. The BORA Chain is a modular blockchain that can be used as an execution layer by [decentralized applications](https://help.coinbase.com/en/wallet/other-topics/what-is-a-dapp). BORA also provides development toolkits to support developers in creating decentralized applications for its ecosystem and uses BORA Points, a currency within the ecosystem, to incentivize contribution and development. #### How does BORA work? BORA operates on a three-layered blockchain system: the application layer, the service layer, and the core layer. The core layer supports the ecosystem's infrastructure and data network, and it also facilitates the settlement of BORA points. Modeled after [Ethereum](https://www.coinbase.com/learn/crypto-basics/what-is-ethereum), it uses a proof-of-[stake](https://www.coinbase.com/learn/crypto-basics/what-is-staking) [consensus mechanism](https://help.coinbase.com/en/coinbase/getting-started/crypto-education/glossary/consensus-mechanism-protocol). The service layer houses APIs and software development kits that integrate with content and applications built for BORA. The application layer is where end users interact. It hosts all the content for the BORA ecosystem, as well as the asset management platform BORA app. BORA's modular structure allows developers to test and develop projects on its blockchain before taking them to other chains. #### What are the potential use cases for BORA? BORA aims to provide a solution for game developers who do not want to build on other blockchains. Its easy-to-navigate API, web interface, and full interoperability within its ecosystem make it an attractive platform for developers and content creators. BORA also provides infrastructure to manage and retain users, such as the BORA point system that integrates with its BORA token. The BORA app, part of the application layer, provides token exchange functions alongside access to free content applications. BORA's high transaction throughput opens up potential use cases in industries beyond gaming. #### What is the history of BORA? BORA was launched by a Korean team of blockchain and mobile development experts, with CEO Gyehan Song, an experienced game developer with over 20 years in the field, at the helm. The team has built partnerships with more than 30 companies in the blockchain and gaming space. BORA initially used to be an [ERC-20](https://help.coinbase.com/en/coinbase/getting-started/crypto-education/what-is-erc20) token but migrated to the Klaytn blockchain due to its focus on gaming and metaverse applications. After its update to BORA 2.0, BORA migrated from a proof-of-authority to a PBFT consensus mechanism, resolving many of the issues faced by other consensus mechanisms.