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Topic: Near Protocol for newbies (Best Blockchain Technology 2021) (Read 91 times)

sr. member
Activity: 1638
Merit: 260
Trphy.io
Get notice that there is Call of Duty tournament later in Sunday, https://www.firstblood.io/ with partnered with Near Protocol offer aspiring Warzone gamers a chance at glory that isn’t hidden behind a paywall. Gamer shouldn't miss that awesome prize pool, the entry was free.
Check the details https://esports.gg/news/call-of-duty/near-warzone-showcase-event/
https://twitter.com/NEARProtocol/status/1423314977578967046
sr. member
Activity: 1176
Merit: 252
Great news for the NEAR community.
NEAR is putting together a series of Global Hackathons around the world. The Global Hackathon Series kicks off on August 27th, with 3 major online hackathons and 'live' events taking place around the world. NEAR offers prizes and prizes up to $1 million for Hackathons.
Read more here
sr. member
Activity: 1414
Merit: 254
Don't expect this to be a new project, this project has successfully carried out the ICO in 2020, with great achievements. https://icodrops.com/near-protocol/ and listed on binance.
I think here is the additional link needed https://coinmarketcap.com/currencies/near-protocol/
What I want to see is their latest roadmap, to see what their current targets are.
sr. member
Activity: 1638
Merit: 260
Trphy.io
Also if interested, there is bounties in their website, don't know it's currently running or not, but I see some people already claimed it. https://near.org/bounties/ maybe if someone have expertise in the left task, could try it to participate, I see there is still a lot left. I see the rewards are quite interesting, but many of the rewards are not specified, so I hope it will be in accordance with what is done.
full member
Activity: 486
Merit: 110
newbie
Activity: 4
Merit: 0
Any airdrop?
jr. member
Activity: 277
Merit: 5
Hi guys, today I would like to touch upon such a topic as Near Protocol and the work of its excellent ecosystem, showing all the strengths of a revolutionary project in blockchain technologies.


https://near.org
https://twitter.com/NEARProtocol




Near Protocol, what this?

NEAR protocol is an open source, high-bandwidth smart contract platform for building decentralized applications (dApps). Near is also a Proof-of-Stake blockchain that launched its main network in mid-2020. This system will help overcome some of the limitations of competing decentralized systems, for example: low bandwidth, slow transaction speed, and poor cross-compatibility.

An easy-to-use and developer-friendly blockchain platform that includes a range of innovations to increase scalability and reduce costs between developers and end users. Using the platform's capabilities, developers will be able to launch their projects in just a few minutes using open source code, which reduces the barrier to entry for new users to a minimum.

Near Protocol raised nearly $ 50 million in a private round of funding during the first four months, even before the blockchain was built, and this happened during the not-so-active times of the cryptocurrency market (thousands of people believed in the project before it started functioning). All this, of course, would not have been possible without a very experienced and renowned development team. We will briefly present them.

NEAR Protocol was created by Ilya Polosukhin and Alexander Skidanov. The progromists began developing the project as early as 2018. After a stunning launch, the development team had a staff of over 50 people from such eminent companies as: Facebook, Google and MemSQL, Microsoft. Also, the developers have many victories in the championships in programming, which ultimately gives a huge plus to the trust in the work of the entire ecosystem of the project.


How Near token works?

NEAR is the NEAR Protocol blockchain token and the underlying asset for all applications that are used within the network. NEAR Protocol is a fully working open source blockchain designed to address both scalability issues among crypto enthusiasts and the usability of programming that other protocols face. Blockchain and Token is designed from the ground up to provide developers with the best tools for building applications on the NEAR network.

The NEAR token is used by 2 main groups of people:

Apps and their users: Similar to blockchains like Ethereum, the NEAR token is used to pay for transactions between users within the app ecosystem built on top of NEAR. The range of blockchain applications is vast, from defi technologies to common mobile applications.

Validators and Delegates: The nodes running the network are compensated by inflationary rewards. Token holders of any size can place bets by lending their tokens to the verification pool and make a profit, thus helping to secure the network.

As described in the Economy section below, NEAR uses a block reward burned model, which at high usage rates means that the supply of tokens will diminish over time.

How to get NEAR token?

There are three main ways to approach:

Earn Money: You can earn NEAR by participating in ecosystem development grants, you can manage your community that helps people build NEAR by winning the NEAR hackathon, or otherwise actively participating in the community. You can also earn NEAR tokens by running the validator.

Buy: NEAR you can buy on almost all major cryptocurrency exchanges

Receive: HEAR tokens can be shared with you using your own wallet

NEAR is based on the Proof of Stake (PoS) algorithm and uses sharding to optimize performance. However, unlike sharding in other cryptocurrencies such as Polkadot, all shards in NEAR are part of the blockchain. In order to provide better optimization of the cryptocurrency space, NEAR uses the so-called RAINBOW BRIDGE to cross-link with Ethereum.

The integrity of the blockchain is ensured by the Nightshade mechanism, whereby a block on the NEAR blockchain only adds a snapshot of the current state of each shard. Each shard maintains its own set of validator nodes that pass the state of their shard whenever another block is created.

With the help of such a system of shards, transactions within the network occur instantly and the price per transaction is on average 10,000 times lower than that of ether.

Features of the blockchain operation:

  • Proof-of-Stake (PoS)
  • Rainbow Bridge
  • Transaction processing speed (100,000 Per second)
  • Open source and the entry threshold for new developers
  • Supports Dapps
  • Developed community

Near Future Of Near Protocol

Near have already released the long-awaited Ethereum bridge known as the Rainbow Bridge. This allowed users to redirect their tokens from Ethereum to Near, which is an important step towards Near to make the platform as accessible as possible.

Near is currently working on implementing support for the Ethereum Virtual Machine (EVM), the software stack that Ethereum uses to run DApps. Once completed, developers will be able to redeploy their Ethereum apps to Near with little or no changes. This will make the Near ecosystem even more extensive, which will attract a large number of new users.

And thanks to scalability and intelligent tokenomics, even with a large number of users on the network, the commission and transaction speed will remain approximately at the same level.

With the purchase of project tokens, you will not have any problems, since the token is listed on all major cryptocurrency exchanges, such as Binance, Gate, Huobi, KuCoin, OKEx.

If you want to become a member of one of the best blockchain ecosystems, then now is the time. Invest in Near now. You won't have the best entry price Smiley Good luck everyone, put big crosses and write your opinion about the project in the comments.
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