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NEAR Protocol Launches Chain Signatures on Mainnet

Aug 8, 2024, 01:11 PM

NEAR Protocol has launched its Chain Signatures technology on the mainnet, marking a significant advancement in Chain Abstraction. This new solution allows NEAR accounts to sign transactions on any blockchain, effectively creating a unified DeFi layer across multiple chains. The technology aims to simplify multichain dApp development by removing barriers to entry, liquidity, and usability. Chain Signatures is expected to enhance the functionality of NEAR smart contracts, enabling seamless cross-chain transactions.