About NEAR Protocol (NEAR)
NEAR Protocol (NEAR) is a blockchain network designed to facilitate the launch and operation of decentralized applications (DApps). The NEAR Protocol ecosystem focuses on providing highly scalable functionality by integrating sharding, a Layer 2 scaling solution that divides network load into separate, individually processed sections to minimize stress on the main chain.
NEAR Protocol’s Nightshade sharding solution allows every node in its network to manage a small portion of data to be written to the main chain, and is designed to accelerate transaction throughput. Through Nightshade, NEAR Protocol aims to make verifying transactions and committing them to the blockchain more efficient, thereby facilitating the adoption and mainstream use of DApps at scale.
NEAR Protocol’s architecture functions similarly to that of centralized data storage platforms such as Amazon Web Services. Unlike traditional such storage platforms, however, NEAR Protocol is decentralized. Developers creating platforms and applications on NEAR Protocol can deploy code to the NEAR network without needing to create their own infrastructure. NEAR price is updated and available in real time on Binance.
