Aurora Labs is a company that provides solutions for Ethereum compatibility, NEAR Protocol scalability, and industry-first user experience through free transactions.
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Aurora is an Ethereum Virtual Machine (EVM) on the NEAR Protocol blockchain, delivering a turn-key solution for developers to operate their apps on an Ethereum-compatible, high-throughput, scalable, and future-safe platform, with low transaction costs for their users.
Aurora provides the Ethereum 1.0 development experience, with layer-2-like speed and scalability.
The capabilities of Aurora are possible because it is built on top of NEAR. NEAR is a modern layer-1 blockchain which is fast (2-3 second transaction finalization), scalable, and carbon neutral.
Even though NEAR is a separate blockchain from Ethereum, Aurora aims for full compatibility with Ethereum development tools such as Truffle and Hardhat. Additionally, NEAR's trustless bridge to Ethereum means even the assets on Aurora are the same as Ethereum. For example, account balances in Aurora's EVM are denominated in the same Ether (ETH) as on Ethereum itself.