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From YouTube: NEAR Town Hall (July 2021) | Part 2 Aurora
Description
Town Halls are on the pathway to decentralization. This is the first of many Town Halls where Ecosystem projects are front and center.
NEAR Forum
https://gov.near.org/t/near-july-town-hall/3254/2
Highlights
https://twitter.com/techviberng/status/1414734666918072320
Date: July 12, 2021 - 90 minutes
Primary Audience: NEAR COLLECTIVE + COMMUNITY
Secondary Audience: Ethereum Community
Presenting Participants:
Ozymandius , 4nts Guild (MC)
Aaron Ting, Director of Community at Octopus Network
Alex Shevchenko, CEO of Aurora
Kendall Cole, CEO of Proximity Labs
Coordination:
Joep Maenen, Social Media
Eunice Chan, Community
Jake Stutzman , Brand
Ross Gates, Growth
Yadira Blocker, Experiential
A
A
So
this
is
the
first
time
when,
on
near
town
hall,
we
are
presenting
aurora
project
right.
You
probably
remember
me
from
the
previous
town
halls.
I
was
a
a
product
manager
for
the
rainbow
bridge,
and
now
what
we
are
doing
is
we
are
creating
a
separate
brand,
a
brand
that
is
called
aurora
and
we
are
doing
a
spin-off.
So
what
we're
now
is
a
separate
company,
so
my
title
right
now
is
is
actually
a
ceo
of
that
company
right.
So
but
obviously
the
talk
is
not
about
myself
right.
A
A
This
is
the
project
that
consists
of
two
separate
pieces
that
you
previously
might
have
known
from
the
from
the
previous
calls
in
previous
interviews.
One
is
the
rainbow
bridge
itself.
Another
one
is
an
evm.
It
was
called
an
evm,
not
a
very
nice
naming
for
for
the
feature
I
would
say,
but
together
we
are
gathering
this
under
the
same
under
the
single
brand.
That
is
aurora.
A
So
what
is
in
fact
aurora?
So
the
most
simple
way
how
you
can
think
about
aurora
is
the
scalability
solution
or
how,
as
these
solutions
are
often
called
nowadays,
is
an
l2
to
ethereum
right.
So
our
task
and
our
goal
is
to
ease
the
scaling
of
the
ethereum
applications
and,
obviously
you
know
quite
a
lot
about
ethereum
and
its
high
transaction
fees
and
just
a
pretty
ginormous
ethereum
ecosystem
that
wants
to
grow
even
more
and
unfortunately,
there
is
no
place
on
ethereum
blockchain
to
do
it
right.
A
So
in
the
meantime
there
are
other
solutions
that
are
developing
and
their
focus
is
to
help
to
solve
the
ethereum
scalability
problems
right
here
right
now
and
aurora
is
one
of
the
solutions
we
have
a
little
bit
of
specifics.
That
is
behind
the
solutions,
and
I
believe
many
things
connected
with
aurora
are
not
the
same
as
in
other
projects,
and
first
of
all,
aurora
is
not
a
separate
blockchain.
A
It
is
not
a
thing
that
is
working
outside
of
the
blockchain.
Aurora
is
a
smart
contract
that
is
working
on
top
of
near
blockchain,
and
because
of
this,
we
can
aurora
can
inherit
all
of
the
good
features
of
near
blockchain,
and
there
are
many
of
them
right.
The
low
cost
of
transactions
fast
finality
times
or
like
the
confirmation
of
the
transactions,
and
also
ability
to
shard
the
blockchain
right
and
what's
your
blockchain.
A
So
what
we
have
put
in
in
the
core
of
aurora
inside
of
aurora
is
the
evm
implementation
that
was,
that
is
called
sputnik
vm.
It
is
developed
by
parent
attack
and
now
raw
engineers
are
contributing
also
to
it.
Obviously,
our
contribution
is
still
small,
but
we
are
on
rampant
there
pretty
actively.
So
we
have
the
evm
runtime
right
or
the
evm
environment,
where
we
can
execute
transactions
now
what
transactions
are
can
be
sent
there
literally
any
ethereum
transactions?
A
This
can
be
transactions
for
transferring
tokens.
This
can
be
uploading
of
ethereum
smart
contracts,
any
ethereum,
smart
contracts
right
or-
or
this
can
be-
you
know,
interactions
with
this
with
these
smart
contracts
like
using
the
landing
protocols
using
def,
any
other
d5
protocols
or
working
with
nfts
right.
A
A
So
our
connection
point
is
absolutely
the
same,
which
means
that
all
of
the
different
tools
that
are
there
in
the
market,
everything
that
you
get
used
to,
they
are
able
to
work
with
this
interface,
including
metamask,
truffle,
hard
hat
remix,
and
anything
that
you
can
imagine
from
the
ethereum
ecosystem,
including
all
of
the
existing
front,
ends
of
different
applications.
They
are
all
going
to
be
interoperable
with
aurora
and
well
not
going
to
be.
They
are
interoperable
with
aurora
right
and
we
are
going
even
further.
A
This
is
not
a.
This
was
not
a
very
simple
solution
for
us
because,
obviously
on
near
blockchain,
users
need
to
pay
near
tokens
for
the
transactions
and
how
we
connected
it.
How
we
made
it
well.
This
is
a
little
bit
of
magic
happening
behind
the
scenes
here,
but
for
the
users
it
is
completely
transparent.
A
In
metamask
you
will
see
at
last
gas
prices
of
0.1
gray,
and
this
is
going
to
be
constant
for
usage
of
the
aurora
and
by
saying
constant,
I
mean
just
the
prices
that
are
going
to
be.
The
prices
are
going
to
be
very,
very
small
in
comparison
to
ethereum
right
now,
and
the
cost
of
the
transaction
is
go
is
somewhere
around
one
to
two
cents.
B
So
alex
can
I
can.
I
just
ask
a
question
real,
quick
to
kind
of
summarize
what
you
just
went
over.
So
if
I
understand
you
correctly,
aurora
essentially
is
going
to
be
offering
extremely
ethereum
like
usability
experiences
on
near
so
that
ethereum
developers
or
ethereum
users
can
use
existing
ethereum
products
as
if
it
was
on
ethereum,
meaning,
there's
an
eth-based
token,
meaning
they
can
connect
with
metamask
and
use
all
the
common
familiar
tools
they're
used
to,
but
it'll
actually
run
on
a
near
smart
contract.
Is
that
right.
A
Okay,
so
now
we
have
the
runtime
or
we
have
the
place
where
to
run
these
smart
contracts.
Now
we
are
missing.
One
additional
piece
is
ability
to
move
the
tokens
and
ability
to
move
the
assets
and
data
from
ethereum
to
aurora
right?
We
don't
want
aurora
to
be
completely
separated
from
ethereum
right.
We
are
extending
the
ethereum
ecosystem
right.
This
is
our
goal.
It's
not
launching
a
fork
of
ethereum
right.
So
that's
why
we
need
to
allow
this
interoperability
and
rainbow
bridge
was
a
step
towards
this
direction.
A
Right
and,
as
you
know,
around
three
months
ago,
we
have
launched
a
rainbow
bridge
and
already
at
the
moment
we
have
more
than
5
million
worth
of
tokens
and
different
tokens,
including
erc20s
and
near
token
itself,
breached
over
the
bridge.
The
bridge
is
working.
Everything
is
good
with
it.
There
were
no
no
problems
with
it.
I
would
say,
though
there
are,
there
were
no
problems
with
the
smart
contracts.
A
We
have
scheduled
an
additional
audit
that
is
going
to
happen
in
the
end
of
summer
in
the
beginning
of
in
the
beginning
of
autumn.
Actually
right
now
there
is
an
audit
happening
to
help
us
prove
that
rap
near
implementation
is
correct.
So
we
are
doing
audits.
We
are
taking
security
at
the
very
top
as
a
as
our
top
priority,
and
so
we
are
going
going
forward
with
it
right
now.
A
A
So,
if
you're
thinking
of
a
use
case
where
some
cost
some
some
some
operations
need
to
be
performed
in
the
high
cost
and
high
value
environment
like
ethereum,
though
other
operations
need
to
be
performed
in
the
lower
coast
environment
like
near
then
I
believe
creating
a
connector
to
the
rainbow
bridge
is
probably
the
best
thing
that
you
can
find
in
the
market.
Right
now,.
A
And
to
be
more
specific
about
aurora
right,
so
rainbow
bridge
is
a
separate
brand
right,
but
now
we're
talking
about
aurora
and
what
actually
you
are
able
to
do
with
aurora
itself.
Well,
we
have
a
separate
thing
that
is
called
aurora
bridge.
It
is
accessible
on
the
aurora
website
and
right
here
right
now
on
the
aura
test.
Net
f
and
erc20
tokens
may
be
bridged.
A
Already
on
the
mainnet.
Last
friday
we
launched
the
we
launched
f
transfers
and
pretty
soon
we
are
going
to
launch
erc20
transfers
and
obviously
we
are
testing
it
right
now,
testing
these
transfers
right
now
on
the
testnet,
but
pretty
soon.
I
believe
it's
it's
a
matter
of
days
and
we
are
going
to
enable
it
on
the
mainnet
and
now
any
defy
application
will
be
able
to
deploy
absolutely
the
same
smart
contracts
which
they
are
using
on
the
ethereum
net
and
work
with
absolutely
the
same
tokens
that
are
bridged
from
ethereum
mainnet
to
aurora.
B
A
B
Wow,
so
maybe
just
to
recap,
for
everybody:
aurora
has
its
own
brick
top
of
the
rainbow
bridge.
The
rainbow
bridge
is
fully
permissionless
and
decentralized,
and
actually
it's
the
bridge
infrastructure
that
will
be
able
to
be
replicable
across
other
chains
as
well
beyond
ethereum,
and
that's
actually,
I
think,
a
very
tactical
move
that
the
the
near
team
is
planning
on
pursuing
in
the
coming
months.
A
A
A
So
the
answer
here
is
the
following:
look:
we
are
playing
the
hard
mode
of
the
of
the
ultimate
compatibility
of
the
ultimate
bridge
and
we
just
cannot
do
any
shortcuts
and
say
that
well,
aurora
developers
are
going
to
hold
the
full
control
of
the
of
the
aurora
smart
contract.
We
just
cannot
do
this.
A
Well,
then,
that
way
that
is
going
to
be
called
aurora,
dao
right
and
it
is
going
to
be
based
on
sputnik
version
2.,
you
probably
know
sputnik
dao.
It
has
more
than
100
dows,
already
launched
on
your
blockchain
with
with
the
user
usage
of
this
smart
contract.
So
we
are
going
to
use
it
absolutely
the
same
way
and
then
this
down
we
are
going.
A
We
want
it
to
be
governed
by
the
ethereum
ecosystem
itself
and
initially
we
would
think
that
around
maybe
25
30
or
something
like
that
members
are
going
to
to
be
composed
in
what
we
call
the
dow
committee
and
later
on,
additional
people
are
going
to
be
added
to
this
added
to
the
dao,
depending
on
the
on
on
how
the
tao
is
going
to
vote
and
what
are
going
to
be
the
goals
of
it.
Now.
A
A
A
A
This
was
our
intention
from
the
very
beginning
not
to
launch
aurora
token,
do
everything
in
this
in
a
decentralized
manner,
because
we
truly
believe
in
the
decentralization,
and
we
understand
that
there
is
literally
no
way
how
to
do
the
proper
project
in
the
blockchain
vertical,
without
proper
governance
and
proper
launching
of
the
token
and
all
of
that
stuff
right.
So
we
just
cannot
see
how
these
things
might
be
done
by
a
single
company.
We
would
like
to
see
it
as
a
decentralized
decision,
so
short
answer.
A
B
If
I
can
just
summarize
this
alex
and
correct
me
if
I'm
wrong,
but
what
I'm
understanding
is
quite
actually
fantastic
for
both
the
ethereum
community
and
the
near
community,
because
in
essence,
what
aurora
is
going
to
do?
Is
it's
going
to
bring
over
ethereum
projects
that
need
to
scale
and
give
them
a
cost-effective
scaling?
Scalability
solution,
as
if
it
was
built
natively
on
ethereum,
but,
as
you
just
mentioned
near,
is
still
going
to
be
used
beneath
the
surface
to
pay
for
transaction
fees.
B
A
Okay,
so
what
else
next
point
here
is
our
plans
for,
for
the
future
right
aurora
has
lots
of
additional
features
that
that
are
coming
right?
I
was
telling
you
about
the
compatibility.
I
was
telling
you
about
the
dao,
but
this
is
something
that
is
going
to
be
implemented
pretty
soon
what
about
autumn,
what
about
next
year?
And
I
believe
we
have
here
multiple
interesting
features
for
you,
including
the
following.
A
First
of
all,
we
would
like
to
launch
the
fast
talking
transfers
over
the
bridge,
including
rainbow
bridge
and
aurora
bridge,
both
and
by
saying
fast
talking
transfers.
I
mean
the
token
transfers
that
are
going
to
be
finalized
within
minutes,
and
your
experience
of
using
the
bridge
will
be
absolutely
the
same
as
the
experience
of
using
ethereum
and
with
all
of
the
respective
you
know,
delays
in
transactions
in
transaction
confirmation
on
ethereum,
so
30
seconds
minutes
several
minutes.
This
is
something
that
you
can
expect
with
this
additional
feature.
A
We
would
like
also
to
to
help
people
to
denominate
the
fees
on
aurora,
not
only
in
f
but
also
in
other
erc20s,
and
many
are
hoping
to
to
get
this
feature
and
to
help
denominate
the
fees
in
in
stable
coins
right
because
then
it
looks
like
okay,
so
the
fee
is
more
or
less
fixed.
It
is
not
dependent
on
the
on
the
exchange
rate,
so
all
cool
yeah.
A
A
My
cat
is
here
blockchain,
decentralized
and
secure
right,
and
another
thing
that
we
have
with
near
blockchain
is
the
fast
confirmation
times
right,
so
which
means
that
transactions
can
be
settled
in
in
the
seconds
right
and
in
one
second
or
two.
Second
time
is
something
that
you
expect
from
the
web.
2
application
right-
and
this
is
pretty
cool.
A
But
the
chain
team
is
doing
a
great
job
right
now
and
the
and
in
the
final
stages
of
testing
of
chardon,
and
there
is
a
plan
to
release
shot
in
this
autumn,
which
means
that
the
sharded
version
of
aurora
can
start
in
the
development
of
chardon.
Version
of
aurora
can
start
this
year
and
obviously
we
will
be
able
to
deliver
it
next
year.
So
charted
version
of
aurora
that
will
allow
for
horizontal
scalability
of
ethereum
applications
is
not
that
far.
B
Wow
alex
first
of
all,
I
think
this
is
a
good,
a
good
moment
for
the
the
near
ecosystem,
to
kind
of
all
together
reflect
on
the
fact
that
we're
early
to
what
aurora
is
going
to
be
bringing
into
near
and
from
this
road
map
that
we
see
and
with
what
you
mentioned
as
web
2
compatibility.
On
top
of
this,
I
think
aurora
is
shaping
up
to
be
an
absolute
monster
in
its
own
right.
B
That
should
undoubtedly
be
you
know,
put
in
the
same
discussion
as
the
polygons,
the
arbitrage,
the
optimisms,
the
stark
wares
that
are
that
are
building
out
on
aetherium
as
well.
Is
there
any
final
thoughts
that
you'd
like
to
leave
with
the
the
near
community
going
forward
to
expect
from
aurora
timelines
dates,
onboarding
public
events,
anything
of
that
sort.
A
A
You
can
also
follow
us
on
twitter
and
in
telegram,
and
since
we
have
more
than
200
people
on
the
call,
I
invite
everybody
to
screenshot
our
new
youtube
channel
specifically
devoted
to
aurora.
Unfortunately,
it
has
this
long
name
because
of
the
restrictions
of
of
the
youtube.
We
need
to
have
a
hundred
subscribers
there
to
to
to
choose
a
custom
url
there,
so
in
what
I'm
inviting
everybody
to
to
go
and
search
it
or
just
you
know,
follow
this
url
and
subscribe
to
aurora
youtube
channel.
This
will
allow
us
to
have
a
show.
A
We
have
a
15
minutes,
call
that
we
called
friday
alpha
leaks-
and
this
is
the
moment
when
we
are
sharing
all
of
the
new
juicy
fresh
information
about
aurora
and
everything
that
is
connected
to
it,
and
everything
that
we
were.
We
have
been
working
there
and
just
to
leave
you
with
the
final
with
the
final
thoughts.