Near Protocol Alt Coin: Scalability and Usability in Blockchain
Near Protocol is a decentralized application platform designed to provide the performance and user experience necessary to scale decentralized applications (dApps). By addressing issues like scalability and usability, Near aims to make blockchain technology more accessible to developers and users alike.
Founding and Development
Founded in 2018 by computer scientists Alexander Skidanov and Illia Polosukhin, Near Protocol was developed to overcome the limitations of existing blockchains, such as Ethereum, in terms of scalability and user experience. The platform’s mainnet launched in 2020, introducing innovative solutions to enhance blockchain performance.
Key Features
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Nightshade Sharding: Near Protocol employs a unique sharding mechanism called Nightshade, which divides the blockchain into multiple shards to process transactions in parallel, thereby increasing throughput and scalability.
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Usability: The platform offers human-readable account names and a user-friendly wallet interface, simplifying the onboarding process for new users
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Developer Tools: Near provides comprehensive development tools and documentation, supporting languages like Rust and Assembly Script to facilitate the creation of dApps.
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Interoperability: Through solutions like the Aurora EVM, Near Protocol ensures compatibility with Ethereum, allowing assets and applications to interact across different blockchains.
