Aurora is an Ethereum Virtual Machine (EVM) built on the NEAR Protocol, that provides a solution for developers to deploy their apps on an Ethereum-compatible, high-throughput, scalable and future-safe platform, with low transaction costs for their users. Besides the EVM, Aurora developed the Rainbow Bridge which allows users to transfer assets between Ethereum, NEAR, and Aurora. Aurora is backed by top VCs such as Pantera Capital, Electric Capital, Dragonfly Capital.
Thanks to Aurora’s EVM, Ethereum native applications can seamlessly be ported to NEAR’s L2-like network that is built as a smart contract on NEAR. Developers may enjoy familiar Ethereum tooling when working with their Solidity smart contracts on Aurora. The base fee of Aurora is ETH, which provides a smooth experience for dapps’ users.
Besides the EVM, Aurora developed the Rainbow Bridge which allows users to transfer assets between Ethereum, NEAR, and Aurora. Several integrations of bridges from/to other networks have been launched as well, and more is coming!
The features of the NEAR Protocol, such as delegated Proof-of-Stake consensus mechanism and dynamic resharding (Nightshade), allow unprecedented transaction speeds and scalability in a fully Ethereum-compatible environment.