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.
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.
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 :-)
Posted Using LeoFinance Beta