Remarkable Step from Near Team: A First in the Blockchain Field
The Near Foundation, the non-profit organization that supports the Layer-1 network Near protocol, announced that the protocol now allows chain signatures. This development allows users to access multiple chains using their Near accounts. Eigenlayer, a restructuring project developed on Ethereum, has become a launch partner with Near, contributing to the security of the Chain Signatures network, according to a press release.
The Chain Signatures feature is powered by a decentralized multi-party computing (MPC) network and secured by Near’s validators. Chain Signatures are cryptographic signatures that allow users to sign transactions on one blockchain network using a private key associated with an account on another blockchain network.
This feature enables cross-chain interoperability and allows users to access and interact with multiple blockchain networks using a single wallet or account.
The Near Foundation, the non-profit organization that supports the Layer-1 network Near protocol, announced that the protocol now allows chain signatures. This development allows users to access multiple chains using their Near accounts. Eigenlayer, a restructuring project developed on Ethereum, has become a launch partner with Near, contributing to the security of the Chain Signatures network, according to a press release.
The Chain Signatures feature is powered by a decentralized multi-party computing (MPC) network and secured by Near’s validators. Chain Signatures are cryptographic signatures that allow users to sign transactions on one blockchain network using a private key associated with an account on another blockchain network.
This feature enables cross-chain interoperability and allows users to access and interact with multiple blockchain networks using a single wallet or account.