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Cryptocurrencies

Aurora

Aurora (AURORA)


Aurora is a next-generation blockchain platform designed to facilitate Ethereum-compatible decentralized applications (dApps) with enhanced scalability and efficiency. Built on the NEAR Protocol, Aurora provides a robust solution for developers seeking to leverage the benefits of Ethereum's ecosystem while overcoming its inherent limitations. Aurora's architecture is finely tuned to deliver high throughput and low transaction costs, making it an attractive choice for dApp developers and users alike.

History of Aurora

Aurora was conceptualized as a solution to address the scalability challenges faced by Ethereum. As the demand for decentralized applications grew, so did the need for a platform capable of handling a large volume of transactions swiftly and economically. Aurora was developed by the NEAR team, leveraging the NEAR Protocol's innovative technology. The platform officially launched to the public, providing developers with tools to seamlessly migrate their Ethereum-based applications to a more efficient environment.

aurora background
Ticker AURORA
Category Near Protocol Ecosystem
Website https://aurora.dev/
Twitter @auroraisnear
Telegram auroraisnear
Contract Addresses
ethereum 0xaa...61Copied!
aurora 0x8b...79Copied!
near-protocol aa...arCopied!

Aurora's relationship with the NEAR Protocol

The NEAR Protocol, known for its scalable and developer-friendly blockchain infrastructure, serves as the foundation for Aurora. NEAR's sharding technology allows Aurora to achieve high throughput, a critical feature for supporting a growing number of transactions without compromising speed or security. By building on NEAR, Aurora benefits from this cutting-edge scalability solution, ensuring that applications running on Aurora can handle increased user demand effectively.

How Aurora works

Aurora functions as an Ethereum Virtual Machine (EVM) on the NEAR Protocol, enabling developers to deploy and operate Ethereum-compatible smart contracts. This compatibility ensures that developers can utilize existing Ethereum tools, libraries, and programming languages without significant modifications. Aurora's architecture supports the seamless execution of smart contracts, maintaining Ethereum's core functionalities while enhancing performance through NEAR's infrastructure.

Key features of Aurora

  1. Scalability: Aurora leverages the NEAR Protocol's sharding technology to support a high number of transactions per second, reducing congestion and improving the overall user experience.

  2. Low transaction costs: By utilizing NEAR's efficient consensus mechanism, Aurora offers significantly lower transaction fees compared to traditional Ethereum transactions, making it economical for users.

  3. Interoperability: Aurora's EVM compatibility ensures that existing Ethereum dApps can be easily migrated to Aurora, allowing developers to tap into a broader ecosystem without sacrificing functionality.

  4. User-friendly developer tools: Aurora provides a comprehensive suite of tools and resources for developers, simplifying the process of building and deploying decentralized applications on the platform.