Aurora Bringing EVM to XP.NETWORK with Latest Partnership

XP.NETWORK recently announced a strategic partnership with Aurora, a visionary network. The integration will add Aurora to XP. NETWORK’s bridge family, as it is currently the most successful chain on NEAR.

The chain has showcased its potential by surging by 750 within only six months. The primary intent behind the partnership is to get EVM compatibility on XP.NETWORK. Aurora is well-known for its emerging chains that add EVM (Ethereum Virtual Machine) to L1 ecosystems.

VMs or virtual machines are programs that allow networks to run processes in isolation from the entire system. It establishes a digital computer within the actual computer. It can be seen as a Parallels Desktop, a Windows emulator. It enables Mac devices to function as Windows PCs.

Developers use this functionality to secure the system when executing new codes. A bad code will break the virtual machine; however, the approach will keep the main system intact. If a virus attacks the system, the virtual machine will not have any effect. That is why many prefer to call virtual machines a sandbox.

VMs’ role changes in a blockchain as it converts smart contract codes written in languages like Solidity into bytecode – instructions readable by computers. Every smart contract and dApp is executed in the virtual machine, keeping other smart contracts safe.

EVM became the first and the most well-known blockchain-based VM as soon as its inception. Now, XP.NETWORK is gaining its functionality with the help of Aurora.

The network boasts several advantages over other networks, like:-

  • Its transaction charges can be 1000x lowers than on the Ethereum network
  • Its gas fee is paid in ETH
  • It takes a couple of seconds for transaction confirmation
  • MetaMask supports the network
  • Its scalability is much better than Ethereum

Given its apparent advantages, the decision to integrate Aurora seems natural for XP.NETWORK.

Roxanne Williams

Roxanne Williams has recently joined as a market reporter for CryptoNewsZ - the 24/7 crypto news site, where she produces recent stories, technical analysis and price updates on world's leading cryptocurrencies.

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