The Aurora Roadmap
With the recent release of Aurora, an Ethereum Layer-2 built on NEAR Protocol that allows developers and users to experience the benefits of Ethereum on NEAR, developers are able to release their Ethereum decentralized applications (dApps) on this new solution within minutes by linking to other Ethereum contracts and assets. Through Aurora, users are able to bypass the large gas fees they often face when making transactions by 1000 times compared to that of Ethereum. Aurora is fully interoperable with Ethereum 1.0 and displays higher performance when making transactions.
As a certified climate-neutral blockchain, NEAR Protocol allows Aurora to redefine what is possible within the Ethereum community by giving its users a greener approach while also expanding NEAR Protocol’s ecosystem with the inclusion of every EVM-based application. With some of these unique features displayed, what future developments can users expect from Aurora? Built on top of NEAR Protocol, Aurora’s team developers have established major milestones in order to improve Aurora’s overall performance and user benefits as early as the summer of 2021. Recent updates from NEAR Protocol are to be included in the next upgrade in order for Aurora to achieve full compatibility with Ethereum 1.0. Establishing a Decentralized Autonomous Organization (DAO) for better-decentralized governance and an upgradability approach is also being implemented as well. The future establishment of a DAO leads to a team discussion of the possibility for Aurora to create its very own token which is yet to be decided over this summer.
To take it a step further, Aurora’s team has already laid out their goals for Autumn this year. Like NEAR Protocols blockchain, the team has also made it a goal to integrate a similar, user-friendly environment to Aurora by hiding blockchain details and crypto UX elements that might seem unfamiliar to new users. Among Aurora’s future improvements include resolving fast fungible token transfers. Due to Ethereum’s high gas fees, slow transaction finalities, and other factors, the transfer of tokens from NEAR to Ethereum can take up to 16 hours. With this issue at present, Aurora’s team developers have taken this matter into consideration in order to resolve the token transfer problem as soon as possible. And to top it off for Autumn 2021’s developments include the proposition for users to pay Aurora’s transaction fees with any ERC-20 token (USDT or DAI)
With all these major developments set in store for this year, Aurora’s team has set their eyes on the end goal by 2022. Like NEAR Protocol’s sharding and ability to dynamically scale the blockchain, developers behind Aurora aim to integrate and deliver this same functionality to the Ethereum ecosystem.
