Aurora is a layer 2 solution based on Ethereum, which can provide developers and users with the experience of Ethereum based on the NEAR protocol. Scalable blockchain-based developer platform, Has been officially launched. Aurora combines two technologies to create a seamless experience: a fully functional Ethereum Virtual Machine (EVM) and a powerful cross-chain bridge.
Due to the increase in network activity, Ethereum transaction fees have reached a record high…
In order to avoid these rising costs, Aurora limits gasoline fees to ensure that they do not increase indefinitely, thereby keeping the average transaction cost at a few cents. Aurora managed to reduce costs while fundamentally speeding up transactions, achieving certainty within two seconds.
The Aurora solution enables developers to deploy existing Solidity and Vyper contracts without changes, and users can seamlessly access these applications using MetaMask and other Ethereum wallets. At the same time, ERC-20 tokens and contract data will be transferred from Ethereum to Aurora in an untrusted manner Aurora Bridge (Based on Rainbow Bridge).
“Through Aurora, Ethereum users can use familiar applications while benefiting from the efficiency of NEAR, thereby eliminating huge financial barriers to users and developers. Our goal is to create an interoperable future and bridge the blockchain , The gap between developers and users. Aurora does this. It provides a seamless user experience and allows assets to be transferred uninterrupted between Ethereum and the NEAR blockchain.”
– Illia Polosukhin, co-founder of NEAR Protocol
Aurora is fully compatible with Ethereum 1.0; including the basic fee paid in ETH and the operability that can be used directly with all existing wallets and other tools.To start using Aurora, please check out aurora.