What is NEAR Protocol? Global Computing Platform for the Open Web

In the echo chamber of the crypto universe, it’s easy to forget that blockchain and crypto don’t yet have widespread, mainstream adoption. While it’s growing, there are still only 50 million wallet users in the world, and State of the Dapps lists just over 3,500 dApps compared to over two million on the Apple App Store alone.

Part of the reason is the number of barriers for end-users. If someone wants to play a simple blockchain-based gaming dApp, they may need to go through several or even dozens of steps.

However, developers and validators find things equally challenging. A blockchain such as Ethereum is a purely infrastructural solution, with hard-to-learn tools and its own programming language, putting further barriers in place for developers.

Finally, becoming a validator on one of the many proof-of-stake blockchains isn’t necessarily as attractive as the initial potential rewards may indicate, depending on how easy it is to receive tokens from the delegating community.

Now, NEAR Protocol has emerged as an open, developer-friendly blockchain platform. It aims to be secure enough to handle valuable assets such as money or identity. Sharding, combined with proof of stake, ensures that the network can perform to a level that makes the platform useful for everyday consumers. However, the standout feature of NEAR is a relentless focus on usability.

Near Protocol
Near Protocol

NEAR Protocol Elements & Features

NEAR Protocol offers various features designed to appeal to each of its key user segments – developers, end-users, and validators. In all cases, the platform’s design principles adhere to the pillars of usability, scalability, simplicity, and sustainable decentralization.

Developer Features

Developers can sign and prepay transactions on behalf of their users, significantly reducing the technical know-how required to engage with dApps, making the dApps more attractive to users. NEAR also provides developer toolkits that enable developers to compose applications and…

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