{"id":898,"date":"2024-05-30T07:24:56","date_gmt":"2024-05-30T07:24:56","guid":{"rendered":"https:\/\/mapprofits.com\/?p=898"},"modified":"2024-06-02T19:46:14","modified_gmt":"2024-06-02T19:46:14","slug":"near-protocol-explained","status":"publish","type":"post","link":"https:\/\/mapprofits.com\/index.php\/2024\/05\/30\/near-protocol-explained\/","title":{"rendered":"NEAR Protocol explained"},"content":{"rendered":"
\"NEAR<\/figure>\n

NEAR Protocol has in recent years emerged one of the most promising alternatives to big smart contract blockchains like Ethereum and Solana.<\/p>\n

Ethereum was the blockchain that first introduced smart contracts, adding programmability to the Web3 space and enabling the creation of various decentralized applications and services. Today Ethereum is by far the leading platform with smart contract capabilities, but the growing usage of the platform has resulted in more frequent network congestion that has in turn led to slower transaction speeds and higher fees. And while Ethereum is leveraging some promising solutions<\/a> to address these issues, a number of protocols have emerged aiming to offer cheaper and faster alternatives that boast smart contract capabilities.<\/p>\n

NEAR protocol<\/a> is one of the more recent arrivals on that scene, but it\u2019s already showing its significant potential. The protocol leverages sharding to reduce the computational load on its network and thus be able to process transactions faster and much more efficiently. And with the additions of other useful features like named accounts, NEAR protocol seeks to provide top-tier user experience and security.<\/p>\n

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Stay up-to-date with everything blockchain-related!<\/div>\n

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