On the heels of our recent announcement for deployment on the NEAR protocol, we are expanding further into their ecosystem by launching on one of their innovative spin-offs: Aurora.
For those not yet familiar with the project, Aurora is an EVM (Ethereum Virtual Machine) that has been implemented on the NEAR blockchain as a smart contract.
The major components of Aurora consist of the Aurora Engine, which assists in the deployment of Solidity and Vyper smart contracts and the Aurora Bridge, which allows permissionless transfers between the Ethereum, Aurora, and NEAR blockchains.
These complementary elements allow Aurora to act not only as a major connection point between the two ecosystems, but also as an ideal scaling infrastructure that boasts low transaction fees (zero gas fees at the moment) and the ability to host high TPS (transactions per second).
Due to these robust functionalities, Aurora has become a valuable option for developers seeking to extend their dApp reach into additional markets while still maintaining their compatibility with Ethereum.
Our first utilization of these mechanisms will happen on Smartdex 2.0, where we will start with bridge support that will enable users to move assets to and from Aurora.
We intend to follow this up with DEX liquidity aggregation on Aurora that will provide asset swaps with the best prices and lowest slippage.
Although we are just getting started with our multi-chain deployments for the year, these most recent additions into our network will undoubtedly aid in our exposure, while also helping to improve our product line.
We’ve got a lot more coming up as well, but for now have fun and happy trading with Autonio!