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Aurora and Celer Networks Join Forces to Enhance Cross-Chain Operability

12.01.2022 08:31
by Nina Petrov
2 min read

A new crypto partnership is announced: cBridge, a cross-chain bridge from Celer Network, is going to contribute to Aurora with a series of advantages, including sharding and finality. Aurora is a known Ethereum Virtual Machine, that runs on the NEAR protocol. 

With the Aurora expansion network, developers combine Ethereum 1.0. development environment with the scalability of layer-two, to create safe and cheap Ethereum compatible platforms, thus making them available to a large number of users. Seamless access to Aurora’s native token (ETH) is possible via the most popular wallets, such as Metamask.

Source: Pexels.com

Now that cBridge joined the game, it enables eleven new chains for users to link their assets, in addition to USDC, USDT, and WETH on Aurora itself. With the intent to expand liquidity, the Celer Network is working on mining programs for the aforementioned pools. 

Meanwhile, Aurora joins the Network in efforts to implement the Open Canonical Token Standard, which is able to appoint several bridging solutions at the same time, while managing transactions across chains. In other words, the operations among Aurora and the blockchain environments it is connected to will be much more reliable and solid. The system achieves high-level operability through managing transfer caps, depending on preferable fees, bridge status updates, and finality pace. Additionally, OCTS contains all of the necessary guidelines. 

The importance of OCTS is in the fact that it enables blockchain systems not to depend on only one cross-chain bridge for trading assets from other blockchains but allows the systems to quickly make and adapt to new passages. Although cross-chain bridges are thought to reduce safety, Celer claims that their bridges provide above-average security, reducing possibilities for a breach to a minimum.  

The Celer Network is the owner of a layer-two scaling platform, providing adoption of apps on multiple blockchains, such as Ethereum and Polkadot. The Network is famous in crypto circles for creating the Generalized State Channel Network and Rollup technology, and building middleware that highly contributed to the effective operability important for gaming and crypto markets.

Author

  • Nina Petrov is a theoretical mathematician, passionate about new trends in the global economy and blockchain technology. She is a devoted content creator and editor, crypto-enthusiast and stock market analyst.

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