DiscoverBOS

Bullish on Aurora Virtual Chains with NEAR gigabrains

[REDACTED] has now surpassed $1M in hackathon prizes! Join the action online or in person!

Bitcoin Virtual Chains, powered by Aurora Cloud? 👀 Big things cooking 🔥🥘

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This is clearly a bug in @here_wallet. You could blame Ref SDK, but it's certainly a UX bug if you swap with 99% price impact and you don't get a big fat warning. How can this even happen? Fortunately I run an arbitrage bot and I could get some of the money back.

Chain Abstraction is about bringing people together - within and outside blockchain.

📣 Attention META holders! Migrate your tokens to mpDAO ✅ Meta Pool is undergoing a migration process. If you have META locked, this info is for you! The migration process is easy – just 2 steps! Migrate your META tokens to mpDAO and unlock rewards on May 3rd! 🔹 Follow our guide step-by-step: docs.metapool.app/master/meta-po… ⚠️ Important: — The migration process only happens on metapool.app (beware of scams: no airdrops or private info requests). — For any additional information, reach out to us on our official Discord server or Telegram. linktr.ee/meta_pool_dao — The team will NEVER ask you for private keys or sensitive information.

Illia Polosukhin speaks on “The Need For Chain Abstraction In Web3” at the Chain Abstraction Day in Seoul “The chain abstraction movement is trying to bring people from different ecosystem and chain environment and people that are not into blockchain to have the unified experience that is better than the centralized experience in web3” youtu.be/IHWcpP1JPi0?si…

Source Bridging the Multichain Divide: Account Aggregation and Gas Relayers: youtube.com/watch?v=sdZL2M… More resources on Chain Abstraction👇 Why Web3 Needs Chain Abstraction: youtube.com/watch?v=IHWcpP… Chain Abstraction: docs.near.org/concepts/abstr… Chain Signatures Workshop: youtube.com/watch?v=YETPSS…

What are Gas relayers for Chain Abstraction? You have a web3 account. This account not only holds $NEAR and $ETH, but also has a neat trick called “chain signatures.” Chain signature allows one blockchain account key to control several others on multiple chains. That means your Web3 account can sign transactions on the NEAR protocol and other chains, including the Ethereum network. What if your Web3 account only has NEAR, but you want to transact on the Ethereum network? Remember that for your transactions not to get rejected on Ethereum, you need to pay gas fees with $ETH — which you don't have. What do you do? Bridge your NEAR to ETH? That's too complicated a process. The team at @Pagodaplatform has designed a simple (maybe not so simple) solution called Gas Station Contract of Multichain Relayers. Let's piece down this terminology. ⛽ Gas Station Contract 📬 Multichain Relayers The gas station contract acts like a market maker — used on exchanges. You tell the contract how much NEAR you will pay for gas on ETH, and it determines the exchange rate based on current market conditions. Say you are willing to spend $5 on $ETH gas fees, and the contract gives you a quote for how much $NEAR that is. You can think of the relayer as an errand boy. It takes your messages from one blockchain to another. Now, there's what is called: “Payload”. They are extra data, not originally on the blockchain, that you can attach to the transactions. In this case, the Gas Station Contract⛽ sends two data (payloads) to the Relayers. It sends your request to perform a transaction on the Ethereum Blockchain. It also sends the message that it will pay the gas fees on Ethereum using your $NEAR. The Multichain Relayers ensure that everything is perfect. It checks for the nonce — a unique code attached to your transaction to prevent it from being replayed. These Relayers also accept or reject your transactions based on the rules set by the gas station contract. Oh yes, these contacts have rules such as: 👉 Only cover gas fees for transactions going to specific Ethereum smart contracts 👉 Limits the number of times it will send a transaction for this user 👉 Only send this transaction if this user could pay a certain amount of upfront cost *Upfront cost to keep the infrastructure running You should know that NEAR doesn't bother end users like you with all that happens -- why it's called chain abstraction😉. You only need to give your $NEAR and instruct the app to pay your transaction on another chain. All of these sound exciting. But that’s not all. The awesome chads at Pagoda know no bounds. There are better things to come, and they include: ✨ You will be able to pay with not just $NEAR but also other Near fungible tokens like $SWEAT ✨ Support for other blockchain native tokens aside from BNB and ETH ✨ Retry Mechanism that allows you to send another transaction without setting a whole new gas amount ✨ Do more than just gas payments. They want you to swap tokens directly between chains without needing a bridge. #bridgelessdefi Currently, there is no trusted way to know that transactions were executed. So, the Light client on NEAR will be implemented for ETH, BNB, and other chains. Doing this will provide the user with proof that the transaction was executed. The Gas Station Contract of Multichain Relayers covers all the technical complexities. It allows you to spend your NEAR on other chains. The future of Web3 is #ChainAbstraction

Damn..🚀

You Have Permission To Feed Your Eyes On Some Of Our Beautiful Pictures For The Event. 😌💙 Choose Your Favourite Slide. 🏂 The Blockchain & Business Conference is proudly sponsored by: @Web3bridge @TheBlockchainOS @usedexpay @TheGraphAfrica @flincaphq #BUIDCON #Web3event #Cryptoevent

Last weekend, the founder of DiscoverbOS, @inspiratibiz, was at the BuidlCon. @theBuidlcon is a blockchain and business conference, held at Obafemi Awolowo University, Ile-Ife, Osun, Nigeria. It was exciting to spread the gospel of the bOS to students and visitors. Thanks to @iamMichaeljerry and the rest of the team for bringing the Blockchain community together. In the coming days, we'll be commencing our workshop on building on NEAR and the bOS stack.

We are proud to announce that the #Africa Public Goods Quadratic Funding Round sponsored by @NEARFoundation has completed 🎉 ✅ 14 Projects have been paid out of $5,300 USD+ in the matching pool 🔗 View the results here bos.potlock.org/?tab=pot&potId… #BOS 🔎 See the payout transaction nearblocks.io/txns/4SUY7c71D…

Pagoda’s Engineering Manager, First Sertgoz (@sarifirfir123), speaks on Chain Signatures. Chain signatures allows one account to control multiple accounts on multiple chains. Watch full video: youtu.be/sdZL2M1euAo?fe…

Sepolia Testnet ETH transaction from @NEARProtocol inside @MintbaseWallet using Chain Abstraction One signature for all the chains is looking real smooth.

Why Should Developers build on NEAR protocol? The #1 goal for the @NEARprotocol is to onboard non-web3 users to crypto. Every step of the way, NEAR has pursued that goal. The protocol has attracted non-crypto users with its user-friendly designs and development, and it has been so since NEAR's early days. Regular users would need not be bothered about seed phrases, hash keys, blocks, and other technical jargon. All they need is to sign up and start using web3. How did NEAR make it this easy? Sharding. Sharding breaks down the blockchain into multiple smart compartments that can function effectively and alone. It implies that NEAR will become a lot faster. Interestingly, NEAR is the only blockchain with a fully implemented sharding that is working and transparent to end users. Another vital feature of NEAR that developers will find interesting is the NEAR account model. Accounts on NEAR are identified using a unique address (discoverbOS.near), hold a smart contract, and are controlled with an access key. Hold a smart contract? NEAR has had this feature long before account abstraction became known on EVM chains. With this account model, users can not only send and receive assets but they can also: 👉Control accounts in other chains like EVM, Bitcoin, etc 👉Cover the transaction fees for other users. With these benefits, builders can decide to cover the underlying cost of using the blockchain for new users. An excellent example of a NEAR project utilizing this feature is @here_wallet. Here wallet covers the first few transaction costs for new users. The NEAR account model sets an incredible foundation for innovations like Chain Abstraction. The Chain Abstraction is that users can interact with dApps without knowing what chain they are on. They can go multi-chain and not need to switch from one chain to another or have gas fees on all the numerous chains. Yes, they don’t have to bridge their assets. Note that the NEAR account model is only one of the core things that makes chain abstraction possible. There are other features like Chain Signatures. In simple terms, Chain signatures allow NEAR accounts to sign and perform transactions across multiple chains. With our 'discoverbOS.near' account, we can execute transactions on Ethereum, Bitcoin, etc. Learn more about Chain Signatures here: docs.near.org/concepts/abstr… Aside from these functionalities of NEAR, why should anyone be excited about building on NEAR? NEAR has provided many tools and resources to make most developers' lives easier. An example is Fast Auth - giving your users a web2-like onboarding experience. If your goal is to make it seamless for non-web3 users to use your web3 dApps, then NEAR is the right platform to build on. Jump on discoverbos.org to get started building on NEAR.

Partnership Alert. 😎🚀 The Blockchain and Business conference, BUIDLCON 2.0 is getting closer, and we are excited to announce DISCOVERBOS @TheBlockchainOS as our official partner and sponsor! DiscoverBOS is the gateway to discover the #OpenWeb and library of tutorials, community resources and more. Visit Discoverbos.org to learn more. #BUIDLCON #DISCOVERBOS #Web3event.

We can’t wait to meet Great Ife Students. @TheBlockchainOS is joining @thebuidlcon 2.0! as an official partner and sponsor. We'll be bringing the power of the #OpenWeb to the conference with educational sessions, resources, and even a bootcamp. Would you not be excited to explore the future of the web? Register for the conference: buidlcon.xyz See you at #BUIDLCON. #ChainAbstraction #BOS #Openweb