NEAR Protocol

<p>In the evolution of the blockchain landscape, two fundamental concerns continue to persist: scalability and usability. NEAR Protocol, which started in 2020, directly addresses these problems with the help of innovative solutions. Being fast, cost-effective in terms of transaction fees, and user-friendly, NEAR helps developers and users to interact with decentralized applications (dApps) easier.</p><h2 id="header-0">What Is NEAR Protocol?</h2><p>NEAR Protocol is a layer-1 blockchain with the focus on scalability and user-friendliness. One feature that sets it apart is the possibility of handling more than 100,000 TPS (transactions per second) through a partial node system called Nightshade. It enables NEAR to handle high transaction throughput without network congestion, and thus the platform is in a good standing in the blockchain universe.</p><p>The blockchain also uses a proof-of-stake (PoS) consensus mechanism. Validators, who maintain network security, are chosen based on the number of <a href="https://cryptotale.org/near-fet-and-rndr-lead-ai-coin-resurgence-in-2024/" rel="noopener noreferrer nofollow">NEAR</a> tokens they hold. This eco-friendly consensus system offers a faster and more energy-efficient alternative to the traditional proof-of-work (PoW) blockchains like Bitcoin.</p><h2 id="header-1">NEAR’s Key Innovations</h2><p>NEAR Protocol has Nightshade and Doomslug technologies which acts as a major point of differentiation from other blockchains. Nightshade is a sharding variant that splits the blockchain into smaller parts commonly referred to as shards. Each shard processes transactions simultaneously, minimizing congestion and boosting transaction speed.</p><p><a href="https://cryptotale.org/near-protocol-review-enhancing-blockchain-speed-and-usability/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a></p><p><strong>Visit the links for more information </strong><a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|</p>

NEAR Protocol Review: Enhancing Blockchain Speed and Usability

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