Aurora Review and feedback

Aurora is a blockchain-based platform for smart contracts that facilitates the execution of Ethereum contracts on the NEAR protocol, a faster, scalable, and carbon-neutral layer-1 ecosystem. It is an Ethereum Virtual Machine (EVM) running on NEAR as a smart contract. It intends to assist developers scale the Ethereum protocol so that they can run their applications on a future-proof, high-throughput, Ethereum-compatible platform.

About Aurora

Aurora is a solution for scaling compatible with Ethereum. It is a sidechain on the NEAR blockchain and uses numerous distinctive network features, such as sharding and developer gas charge compensation. Although it offers the same development experience as Ethereum 1.0, its performance and scalability are comparable to a Layer-2 ecosystem. Aurora coin is the native token of the network and is also used to control it. However, Ether (ETH) is used for gas fees on the network.

Aurora is a quick network with a block time of 1.03 seconds on average and a finality of 2 seconds. It is also an economical network, with a transaction fee of $0.02. It processes transactions with the NEAR consensus technique.

Architecture

Aurora is built on the NEAR blockchain yet provides developers with the experience of working on Ethereum. It enables developers to install Solidity smart contracts (written for Ethereum) on Aurora in order to take advantage of NEAR's low transaction fees and quick confirmation times.

Aurora Engine and Aurora bridge are components of the Aurora ecosystem.

Aurora Engine - It is a high-performance Ethereum Virtual Machine (EVM) that enables smooth deployment of Solidity and Vyper smart contracts by developers.

Aurora Bridge - It utilises NEAR's rainbow bridge technology. Aurora bridge attempts to establish interoperability between the Ethereum, Aurora, and NEAR blockchain networks, enabling users to transfer assets and data between the three blockchains.

Mechanism of Agreement

Aurora is a solution built on NEAR and is not a blockchain. As a result, it lacks its own consensus mechanism and employs NEAR's Proof-of-Stake consensus. Aurora employs a second robust consensus method known as Doomslug. It does not evaluate blocks off-chain; the evaluation happens on Ethereum and NEAR network systems.

Characteristics

• Scalability and high throughput

• Reduced transaction costs

• Compatible with Ethereum

• Undependable bridges

• Utilizes ETH as its base currency

Founder

The CEO of Aurora Labs is Alex Shevchenko.

Additional Info

Aurora is a different entity while being based on the NEAR protocol. Based on the decisions made by Aurora DAO token holders, the ecosystem expands and improves. These token holders propose and vote on improvements to the protocol or new concepts. Anyone with an Aurora token can participate in the Aurora DAO and contribute to the network's growth and improvement.

Check Aurora Rating and Review for further details.