Streamlining Token Transfers with Bridge Abstraction

Gibraltar, GI, April 16th, 2024 – Aurora Labs announces the launch of the Forwarder, a new platform that connects centralized exchanges (CEXs) such as Binance, Coinbase, Bitfinex, KuCoin and more,  to the Aurora Mainnet and other virtual blockchains. This development tackles the key issue of network fragmentation, which has historically limited the movement of assets across the blockchain ecosystem.

Centralized exchanges (CEXs) play a pivotal role in the cryptocurrency ecosystem due to their user-friendly interfaces and strong security. However, as the crypto market expands, CEXs are finding it increasingly difficult to strike a balance between maintaining secure, regulated environments and providing access to new and emerging blockchain networks. This challenge often limits users’ ability to fully explore and engage with the expanding universe of blockchain technologies, particularly affecting newer decentralized platforms that may not be supported by major exchanges.

In response to this growing need, Aurora has launched the Forwarder. This innovative tool is particularly beneficial for virtual chains and emerging blockchain platforms that frequently lack adequate support from CEXs, which can lead to their isolation.                              

The Forwarder introduces bridge abstraction, enabling businesses to access liquidity and deliver an efficient experience for their customers. The Forwarder not only enhances the capabilities of Aurora Cloud but also encourages wider adoption of blockchain technologies and fosters true interoperability across the industry, thus addressing the ongoing issue of network fragmentation.

Looking ahead, Aurora plans to expand the network support of the Forwarder, aiming to connect an even broader array of blockchain ecosystems. This strategic expansion is intended to simplify the connection between users and various blockchain environments, making the exploration and interaction with digital assets more accessible than ever before.

Aurora’s CEO, Alex Shevchenko, highlights the importance of this development, stating, “Aurora has always been at the forefront of web3 user experience, and the release of the Forwarder only emphasizes this commitment. The Aurora Cloud stack has already enabled businesses to launch networks operated by hundreds of validators from the start, with USDT and USDC as stablecoins, and full interoperability and composability with Aurora and NEAR Mainnets. The Forwarder takes this a step further by adding automatic connections to CEXes and on-ramps, enhancing our platform’s utility and accessibility.”

We encourage everyone from developers to enterprises interested in enhancing their blockchain operations to explore the Forwarder’s capabilities at Aurora.Plus and take part in “Aurora Adventures” on Zealy.

For detailed information, demonstrations, or to inquire about potential collaborations, please visit the Aurora website or contact our media relations team at [email protected]. To stay up to date with Aurora and its ecosystem follow us on X!

About Aurora

Powered by its high-performance EVM, and fully trustless Rainbow Bridge, Aurora combines an Ethereum compatible experience with the modern blockchain performance of NEAR Protocol. Aurora provides an optimal environment for the creation of scalable, carbon-neutral, future-safe, and low-cost Web3 services, as well as the perfect tools to bring to life your Web3 initiatives. Try Aurora Cloud, our all-in-one blockchain solution for enterprises, and get your Web3 journey started!

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