NEAR Network Features

The NEAR network is incredibly fast, able to process 100,000 transactions per second, due to new blocks being created every second. According to the project developers, transaction costs on their network are approximately 10 thousand times lower than transaction fees on the Ethereum network.

The platform is also intended for those who know almost nothing about blockchain. As it is possible to register with the platform or applications built on it in the usual way, and users may not even know that they are working with blockchain technology, this will help developers reach a wider audience, and reduce the hassle for those who are already accustomed to using regular applications.

The NEAR platform provides developers with a set of modular components to help them get their projects up and running quickly. This includes examples of smart contracts and full decentralized applications, and a full list of examples can be found on the official GitHub.

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