The adjacent laboratory has developed the first non Ethereum vm virtual machine (EVM) blockchain technology solution adapted to Metamask, which is the most popular Ethereum wallet.

According to a company statement, the compatibility mode is achieved by the blockchain smart contract NETH developed by adjacent laboratories.

Principle of NETH

NETH is applicable to NEAR accounts matched by Ethereum (ETH) according to the remote operation of signed sales.

NETH is deployed on NEAR blockchain technology, and uses Metamask and other Ethereum wallets to complete the most direct interaction with NEAR blockchain technology applications (DApps).

The working principle of the NETH blockchain smart contract is as follows: it authenticates the signature uploaded from the Ethereum account. If the verification is passed, the public detailed address of Ethereum will be repaired and the purchase and sale will be carried out. It only needs to match the address in the original NETH settings - according to the perspective of ProximityLabs.

characteristic

NETH is an open source system, unmanaged, and has been audited by OtterSec. It is still a mobile client and does not need to communicate with third parties or network servers.

NETH customers can cancel the matching of Ethereum accounts at any time and search for NEAR local account seed statements.

However, to create a NETH account, you need to pay for the verifier, and now you need to invest 0.5 NEAR in the press conference. This fee includes establishing account name, browsing key and keeping contract.

Future plans

In the future, adjacent laboratories plan to release "improved induction experience", including reducing the cost of establishing accounts. The enterprise also plans to add more DApp integration, cultural and educational materials and manuals for customers and developers.