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/NEARProtocolNear 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:- Transaction processing speed (100,000 Per second)
- Open source and the entry threshold for new developers
Near Future Of Near ProtocolNear 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
Good luck everyone, put big crosses and write your opinion about the project in the comments.