Why NEAR Protocol Is a Domestic Public Chain50

NEAR Protocol is a decentralized platform designed to make it easy for developers to build and deploy scalable, user-friendly DApps. It is the first public chain to use sharding technology, which allows it to process transactions much faster than other blockchains. Additionally, NEAR has a number of other features that make it an attractive option for developers, including a user-friendly interface, a strong developer community, and a low cost of entry.

NEAR Protocol was founded in 2017 by Alexander Skidanov and Erik Trautman. The project was initially funded by a $2 million seed round led by Polychain Capital. In 2019, NEAR raised an additional $15 million in a Series A funding round led by a16z crypto. The project has since attracted a number of other high-profile investors, including Pantera Capital, Coinbase Ventures, and Binance Labs.

NEAR Protocol is a proof-of-stake blockchain, which means that users who hold NEAR tokens can participate in the validation process. The blockchain is secured by a network of validators, who are responsible for verifying transactions and adding new blocks to the chain. Validators are rewarded for their work with NEAR tokens.

NEAR Protocol uses a sharding technology called Nightshade. Nightshade divides the blockchain into a number of smaller shards, which allows it to process transactions much faster than other blockchains. Additionally, Nightshade helps to improve the scalability of the blockchain, as it allows new shards to be added as needed.

NEAR Protocol has a number of other features that make it an attractive option for developers. These features include:
A user-friendly interface: NEAR Protocol has a user-friendly interface that makes it easy for developers to build and deploy DApps. The interface is designed to be intuitive and easy to use, even for developers who are new to blockchain technology.
A strong developer community: NEAR Protocol has a strong developer community that is dedicated to helping developers build and deploy DApps on the platform. The community provides a number of resources, including documentation, tutorials, and examples. Additionally, the community is active on a number of social media platforms, which makes it easy for developers to get help and support.
A low cost of entry: NEAR Protocol has a low cost of entry, which makes it an attractive option for developers who are looking to build and deploy DApps on a budget. The platform does not charge any fees for transactions, and the cost of storage is very low.

NEAR Protocol is a promising platform that has the potential to revolutionize the way that DApps are built and deployed.

2024-11-30

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