Aurora: High Performance EVM With Full Ethereum Compatibility | From The Creators of NEAR Protocol

in LeoFinance2 months ago

Rip off Ethereum and make it cheaper seems to be one very prominent running theme lately. I feel that Binance Smart Chain and PancakeSwap are the projects that truly boosted this trend. Ethereum is;

  • The largest DAPP Ecosystem
  • The largest developer base of interesting cryptocurrency projects
  • Extremely expensive transactions
  • Extremely not scalable in its current place

Considering that most of required code is open source, imitators popping up to serve all those who are not whales and all those who are willing to overlook few important things like decentralization is an inevitable outcome.

Aurora Scaling Solution for Ethereum - Built on NEAR

A glance at the website does not offer too many things to get excited about. The GitHub Page paints a much better picture IMHO. The best part about the project is that Aurora Engine comes from the same developers behind NEAR Protocol.

Aurora is developed as a major use case for the NEAR blockchain. They have made the base fee token of Aurora to be ETH. You can read the documentation here: https://doc.aurora.dev

There is A Bridge from Ethereum to Aurora Network

These things should already be familiar to anyone using LeoBridge or any similar product that is used to migrate assets between blockchains.

This is A Trend; Expect More

We have enormous interest in DeFi and other forms of DAPPs. Ethereum is not serving that market well. Smart contract platforms like EOS have seriously dropped the ball despite having free transactions and 0.5 second block times. More DAPPs are focusing on the ability to migrate from one platform to the other.

Hive Smart Chain

Take a look at the above proposal. The idea is to do what Binance Smart Chain did, but on HIVE which was admitted as the most decentralized blockchain by @dan

We already have a Aurora competitor waiting to happen on HIVE. It is a daunting task and may take time. It would be great if you can show some support :-)

Happy Investing!

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Rip off Ethereum and make it cheaper seems to be one very prominent running theme lately. I feel that Binance Smart Chain and PancakeSwap are the projects that truly boosted this trend

Yeah. That is true, We came to depend on Ethereum after it felt like we missed out on Bitcoin. But then Ethereum had a high gas fee for all transactions and not scalable as you said

but wait a minute

Are you saying Aurora will be integrated into HIVE to function as finance for all hivers? or you are telling us about it as a project that is outside of HIve?


Posted via proofofbrain.io

Are you saying Aurora will be integrated into HIVE to function as finance for all hivers? or you are telling us about it as a project that is outside of HIve?

Aurora is a separate project completely unrelated to HIVE. I liked to https://peakd.com/dhf/@klye/proposal-hive-side-chain-hsc-development-funding-creating-a-ethereum-virtual-machine-hive-side-chain-enabling-decentralized-i project in the subtitle. Check it out. It would be amazing if we could make it a reality. The idea is to;

Perform Any EVM Smart Contract Chain Functionality
Using Existing Ethereum or Binance's BnB Chain Code
But 1000% More Affordable and with Gas Fees Paid with HIVE!

!PIZZA

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