What is Aurora (AURORA)?
Aurora is an Ethereum Virtual Machine (EVM) built on the Near blockchain. The platform combines the power of Near and Ethereum to provide a perfect solution for dApp developers on the Ethereum platform that can scale and migrate over Near.
Aurora allows dApps to possess advantages such as fast speed, good scalability. Additionally, developers can take advantage of Near's many unique features in terms of gas fees for their users as well as attractive developer rewards.
Aurora is composed of 2 core components:
- Aurora EVM Runtime: A virtual machine that enables seamless deployment of Smart Contracts Solidity and Vyper.
- Aurora Bridge (based on Rainbow Bridge technology): This bridge supports the transfer of tokens and data between Ethereum and Aurora.
Blockchain problems that Aurora wants to solve
Blockchain adoption in industries is too slow
Aurora believes blockchain is the bridge for cross-industry collaboration across diverse industries. This is achieved by enabling companies and organizations to integrate this technology into their internally developed applications and rules. Also use these rules to establish links with businesses in other industries.
Smart Contracts need to be perfected to build the future blockchain economy.
The Aurora platform aims to develop Smart Contracts with strong support from flexible tools and transparent coding to make them equally useful for diverse industries. Smart Contracts on Aurora will be executed faster and closer to modern business trends.
Transaction processing needs to be fast enough
One commonly mentioned limitation of blockchain technology is transaction throughput. Aurora will help accelerate processing times by merging existing technologies with the platform's new technologies.
Blockchain needs to be ready for continuous and efficient upgrades
Aurora wants to provide a continuously upgradable blockchain architecture and completely automate this process in the long run. This is achieved with the help of technologies such as automatic upgrades. Aurora's core purpose is to help grow the ecosystem faster while reducing the cost of data storage capacity for end users.
Application of Aurora
Developed with the mission to give blockchain similar new colors, the Aurora platform can be applied to a wide range of industries looking to innovate their operating models:
- Video Game Industry: Aurora hopes to integrate currency, data, and game rules with blockchain technology. Everything will be “tokenized”, including game props and equipment. Tokens are tradable as part of an open economy.
- Artificial Intelligence (AI): Aurora aims to link data security and synergy by eliminating the concept of a centralized network that makes it difficult to enable communication between nodes.
- Internet of Things (IoT): Aurora's blockchain aspires to become the foundation of a future decentralized IoT system, profiting from transactions, and a bridge between independent devices.
- Big Data: The improved security and data management provided by blockchain is seen by Aurora developers as a bridge linking these two important technologies.
- Launching the Logistical feed
- Released version of Aurora Explorer V4
- Launch the Environmental feed
- Released version of Aurora Explorer V5
- Learn about the AURORA token
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