What is Near Protocol (NEAR)? A layer 1 blockchain as efficient as layer 2 | | gateThis article provides a detailed introduction to the NEAR Protocol, which is a Decentralization Open Source platform aimed at addressing the scalability issues of Blockchain through its innovative Nightshade Sharding technology and Threshold Proof of Stake (TPoS) Consensus Mechanism. NEAR protocol supports developers in building high-performance Decentralization applications (dApps), and with its user-friendly account naming system and the ability to use Smart Contracts without the need for a Wallet, it has attracted a wide user base. The article also discusses the unique technologies of the NEAR protocol, such as the Rainbow bridge and the Aurora second-layer solution, as well as the application cases of NEAR Token in the economic model and ecosystem, such as Ref Finance and Burrow. It also discusses how NEAR protocol achieves Cross-Chain Interaction interoperability through Chain Signatures, and how the Burrow v2 upgrade improves the performance and user experience of the Decentralized Finance platform. The vision of the NEAR protocol is to build an efficient, secure, and easily accessible Blockchain network, bringing unprecedented convenience to developers and users.
GateResearch·2024-10-14 11:24