The NEAR protocol is considered the first layer of blockchain technology and is designed as a community-governed, cloud computing platform that also removes some of the limitations that hinder the operation of competing blockchain technologies. , including: low transaction speed, low transaction speed. weak throughput and interoperability. This protocol is also considered a suitable environment for DApps because it creates an easy-to-use platform for developers.
For example, the NEAR Protocol uses human-readable account names, unlike well-known cryptocurrency wallet addresses that do not offer such a feature in Ethereum. The NEAR protocol also provides unique solutions to scaling problems thanks to a consensus mechanism called Doomslug.
What's worth noting here is that the NEAR Protocol is being built through the so-called NEAR Collective, and its community is working on its first update and release to the ecosystem, and it's publicly aimed at building a secure platform to manage high-value assets, such as money and identities, and efficient performance to make the platform useful for ordinary users.
