(NEAR)
What is the NEAR Protocol?
NEAR Protocol is a layer-1 blockchain designed to address scalability challenges common to decentralized networks. Launched in 2020, NEAR uses a sharding technique called Nightshade, which distributes the workload across multiple validator nodes to process a high volume of transactions simultaneously.
NEAR also supports cross-chain interoperability through its Rainbow Bridge, enabling asset transfers between Ethereum and NEAR. A layer-2 solution called Aurora provides additional Ethereum compatibility for developers building on the network.
#near
What is the NEAR Protocol?
NEAR Protocol is a layer-1 blockchain designed to address scalability challenges common to decentralized networks. Launched in 2020, NEAR uses a sharding technique called Nightshade, which distributes the workload across multiple validator nodes to process a high volume of transactions simultaneously.
NEAR also supports cross-chain interoperability through its Rainbow Bridge, enabling asset transfers between Ethereum and NEAR. A layer-2 solution called Aurora provides additional Ethereum compatibility for developers building on the network.
#near