✨ An introduction to NEAR Protocol ✨

NEAR Protocol is a Layer-1 #blockchain and #decentralized development platform that achieves scalability utilizing #Nightshade - which is an unique sharding technology. A layer-2 solution called Aurora and the Rainbow Bridge helps NEAR achieve cross-chain interoperability. 🌐 Users may bridge ERC-20 tokens from the #Ethereum blockchain to the #NEAR #Protocol network for more efficient throughput and lower transaction fees.

The native token of NEAR Protocol is NEAR, which is used for transaction and #data storage fees. 💠

Based on CryptoRank, in the Q3 of 2024, the number of daily active addresses on the NEAR Protocol reached 3 million. 📈 Growth is partially due to an increasing interest in the #AI sector.

For a deeper understand, there are various resources on the NEAR Protocol blog ➡️ https://t.co/Uy60gCkGGe

What are your thoughts on the protocol and its future in the space?

Sources:

Binance Academy

Ambcrypto

#OAX #OAXLearn #Nearprotocol #crypto #digitalassets #blockchain #cryptocommunity #web3community #learning #educational #fintech #101