[ Blockchain Column ] What is NEAR?
The advancement of blockchain technology has given rise to a variety of innovative projects, among which NEAR Protocol stands out as a notable platform. This technology offers a revolutionary distributed cloud infrastructure for hosting and managing decentralized applications, expanding its possibilities since its launch in 2020. NEAR Protocol broadens the limits of blockchain technology through its proprietary sharding solution, Nightshade, offering a unique solution to scalability issues.
At the heart of this platform is the NEAR coin, which plays a crucial role in paying for various activities performed on the network. Through this, users can handle transaction fees, store data, and participate in the network’s governance through staking NEAR coins, thereby earning rewards.
The founding of NEAR Protocol is backed by exceptional talents such as Erik Trautman, Ilia Polosukhin, and Alexander Skidanov. Despite their diverse career backgrounds, they collectively lead this project towards the advancement of blockchain technology. The team includes developers with international competition awards, contributing to the project’s technical prowess.
NEAR Protocol possesses various technical characteristics, with the Nightshade sharding technology playing a pivotal role in significantly improving the platform’s scalability. This technology enhances transaction processing speed and accommodates more users and applications. Additionally, applications like the Rainbow Bridge strengthen interoperability with other blockchains such as Ethereum.
NEAR Protocol adopts a user-friendly approach, making blockchain technology accessible to everyone. This allows developers to build and deploy applications without complex processes.
The platform’s economic model focuses on the interaction between creators and the community, contributing to the formation of a sustainable creator economy. The NEAR token supports these economic activities, with the network’s growth likely increasing its value.
The token economy of NEAR Protocol plays a critical role in supporting the platform’s stability and growth. Token holders can strengthen network security through staking and participate in the governance process. Such participation plays a significant role in determining the future direction of NEAR Protocol, offering economic benefits to token holders through rewards.
Moreover, the ecosystem of NEAR Protocol is continuously growing, promoting the development of applications in various fields. Decentralized finance (DeFi), gaming, NFTs, and a variety of decentralized applications (DApps) are being actively developed on the NEAR Protocol platform. These applications provide new value to users and contribute to expanding NEAR’s use cases.
Looking forward, NEAR Protocol will continue to pursue technological advancements while establishing itself as a user-friendly platform. Users will have easier access to the platform, and developers will be able to build and deploy applications more efficiently. Along with a sustainable token economy, the growth of NEAR Protocol is expected to have a significant impact on the future of blockchain technology.
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