Summary
TLDR: NEAR Protocol is a blockchain platform aiming to solve scalability issues by introducing sharding. It allows for faster and cheaper transactions, making it suitable for decentralized applications. NEAR’s unique approach involves creating a shard chain for each user or contract, reducing network congestion. The protocol also includes features like governance and customizable smart contracts. Overall, NEAR Protocol aims to revolutionize blockchain technology by providing a scalable and efficient platform for developers.
Key Points
1. Scalability: NEAR Protocol is designed to be highly scalable, allowing it to handle a large number of transactions and smart contracts. It achieves this scalability through a sharding technique called Nightshade, which allows for parallel processing of transactions.
2. Developer-friendly: NEAR Protocol provides a developer-friendly environment with a focus on ease of use and accessibility. It offers a familiar programming model with support for multiple languages like Rust and AssemblyScript, making it easier for developers to build decentralized applications (dApps) on the platform.
3. User-friendly: NEAR Protocol aims to provide a seamless and user-friendly experience for both developers and end-users. It offers features like human-readable account names, which make it easier to interact with the blockchain. Additionally, NEAR Protocol has a simple onboarding process, making it more accessible for new users to start using dApps built on the platform.