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Aurora Acquires $12M To Expand The Ethereum Infrastructure

An Ethereum Virtual Machine (EVM) intended to scale decentralized apps (DApps) built on the Near protocol has raised $12 million in its initial financing round. Pantera Capital, Electric Capital, and other venture capital firms participated in the round, which attracted over 100 backers. According to a statement issued, Aurora plans to utilize the funding to expand its cross-chain abilities beyond what it now offers, as well as hire professional programmers to assist with the development of Ethereum scaling.

Because of its EVM interface and multichain bridge, the scaling technology aims to make it easier for developers to create DApps with underlying blockchain capability by allowing them to connect to many blockchains at once. Among other things, Aurora has disclosed that it is now in the development phase of developing a pricing oracle and data plugin as well as an automatic market maker exchange and block finder.

Ethereum-Exclusive Offering To Near Protocol Users

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The EVM is a blockchain-based computer machine that is at the heart of Ethereum’s OS. It is fully accountable for order processing, smart contract rollout, and other operating functions of the system, as well as enabling developers to create decentralized applications (DApps) on the Ethereum blockchain.

In a recent announcement, it was revealed that blockchain data analyzer Etherscan has teamed with Aurora to extend its Ethereum-exclusive offering to users of the Near protocol, which was previously unavailable. “Our objective at Aurora has always been to build a future in which the apparent gaps among blockchains, programmers, and users are easily bridged,” said Alex Shevchenko, the company’s founder, and CEO. The accomplishment of this investment round further strengthens Aurora’s popularity among our audience, as well as our goal of bringing scaling technologies to the whole cryptocurrency ecosystem.”

This year, Crypto.com announced the deployment of their proof-of-authority EVM testnet, which will allow programmers and designers to move their Ethereum-built initiatives across chains to other ecosystems that are compatible with the EVM.

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Aurox Crypto Exchange

Traders keep flooding the cryptocurrency market. To help traders, Decentralized Finance (DeFi) trading platforms let users manage their portfolios and watch various exchanges from one interface. As a result, the main hub can streamline trade and help investors capitalize on emerging trends.

Like Bloomberg Terminal, Aurox aims to become a fully-featured crypto trading platform. “We believe cryptocurrency dealing is still in its infancy,” says the Aurox team, “therefore we are aggressively investing in the platform’s usability and utility”. Aurox is a framework designed by traders for traders.

Aurox already has over 50,000 registered users and provides statistics on around 60 decentralized and controlled exchanges. Beyond the huge data and information provided by Aurox Terminal, the structure makes trading easier for the common user by providing numerous crucial features, some of which need the Aurox Token to access, signal scanners and security checks to help investors locate the best trades, CEX and DEX order routing for desktop and mobile, adjustable workspaces and in-app tabs, and notifications on 100+ distinct built-in indicators.

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Shelly Melancon (Switzerland)

Shelly is a cryptocurrency enthusiast from Switzerland, she bought her first crypto in 2015 when it was way less popular then it is today and since 2017 she has been writing about cryptocurrency for online news portals. Shelly is the newest addition to the Tokenhell team, she writes mostly news and reviews related articles , stay tuned to her posts to stay up to date with the crypto world.

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