AURORAPrice

(AURORA)

Aurora is a Web3 infrastructure project designed to provide an Ethereum compatible experience on top of the NEAR Protocol. It operates as a high performance blockchain layer that allows developers to run their decentralized applications in an environment that feels like Ethereum but benefits from the technical advantages of the NEAR network. The project is built around two primary components: the Aurora Engine and the Aurora Bridge. The Aurora Engine is an Ethereum Virtual Machine implemented as a smart contract on the NEAR Protocol. This allows developers to deploy smart contracts written in Solidity or Vyper without needing to rewrite their code. Because it is fully compatible with existing Ethereum tools like MetaMask and Hardhat, developers can migrate their projects easily. The Aurora Bridge, which is based on the Rainbow Bridge technology, allows for the trustless and permissionless transfer of tokens and data between the Ethereum and Aurora networks. Aurora is known for its high throughput and fast transaction finality, typically processing actions in a matter of seconds. It offers significantly lower transaction costs compared to the Ethereum mainnet while maintaining a green, climate-neutral profile due to its underlying Proof of Stake consensus mechanism. While the network uses Ether as its base currency for transaction fees to remain user-friendly for Ethereum natives, it also supports features like gasless transactions for certain applications to improve the onboarding experience for new users. The project is governed by the AuroraDAO, a decentralized autonomous organization that makes high-level decisions about the protocol's development and future direction. The AURORA token serves as the central governance tool for this organization. Holders of the token can participate in voting on protocol upgrades, funding for ecosystem projects, and other major governance proposals. Beyond its core blockchain layers, the project offers Aurora Cloud, a suite of tools intended to help traditional businesses transition into the Web3 space. This includes features like dedicated blockchains called Silos and infrastructure that allows companies to manage transaction costs on behalf of their users. By combining Ethereum's development ecosystem with the scalability of NEAR, Aurora aims to create an interoperable environment that supports the growth of decentralized finance, gaming, and enterprise blockchain solutions. Learn more

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