NEAR Protocol (NEAR)
NEAR / USD
0% of crypto market
NaN% of total supply
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What is NEAR Protocol?
NEAR Protocol is a blockchain designed to function as a community-run cloud computing platform, providing an environment suitable for DApps. Compared to other competing blockchains, NEAR Protocol eliminates some of the limitations hampering the performance of DApps, such as low transaction speeds, low throughput, and poor interoperability. To create a more user-friendly platform, NEAR uses human-readable account names instead of the cryptographic wallet addresses commonly used on Ethereum.
NEAR Protocol introduces unique solutions to scaling problems and has its own consensus mechanism called "Doomslug." This mechanism is an essential element of the NEAR Protocol's goal: to build a secure platform to manage high-value assets like money or identity and performant enough to make them useful for everyday people.
Overall, NEAR Protocol offers a promising alternative to existing blockchain platforms. Its community-run and developer-friendly approach, unique solutions to scaling issues, and its goal is to create a secure and scalable platform enabling innovative applications.
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