The user-friendly platform: the Near blockchain is in direct competition with other infrastructure platforms such as Ethereum and Cardano, for example. It operates using the proof-of-stake (PoS) consensus mechanism, which is much less energy-intensive than the proof-of-work (PoW) mechanism used by Bitcoin. The blockchain was structured by NeaCollective as a cloud computing platform, but it is managed by the community and designed to host decentralized applications (Dapps). The platform uses "sharding" technology, which allows the blockchain to be divided into smaller, more manageable fragments. This has the effect of limiting the load on the network by reducing the computational load, which leads to an increase in transaction throughput. This means that each node (a computer connected as a validator on the Near network) does not have to execute the entire blockchain code (unlike Bitcoin), but only the code that corresponds to the small segments mentioned above. It is generally this technology, which facilitates faster and more secure transactions, that attracts users and application developers.
Features:
The native token, NEAR, is used to pay transaction and storage fees on the Near blockchain. Tokens can also be used for staking on the platform, which allows holders to become validators on the network and earn passive income in NEAR cryptocurrency.
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