What is the NEAR protocol?

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NEAR is a distributed application platform that provides a secure and high-performing infrastructure for the development of scalable apps. It can process up to 100,000 transactions per minute and create blocks in less than a second. The network eliminates competition and any issues associated with cross-compatibility.





NEAR Protocol aims at incentivizing a blockchain network to launch dApps via the DeFi platform. It also aims to yield profit through methods such as staking or sharding. The NEAR Protocol's core concept is sharding.


Sharding refers to the division of the network’s infrastructure into segments called nodes that can handle a fraction or all of its transactions. Instead of dispersing the entire blockchain across all network participants, it distributes blockchain nodes. This helps to create a path for a more efficient method of retrieving data and scaling the decentralized platform.


The NEAR protocol blockchain has no permissions and is secure. The technology of the NEAR protocol blockchain is secure and permissionless.


What is the NEAR protocol?


NEAR Protocol (Proof of Stake) is a Proof of Stake that provides enterprises and startups with sharding solutions to scale their businesses.


Let's take a look at NEAR Protocol's sharding solutions


Nightshade:


Sharding allows each node to store only a subset of the platform’s data. This allows a blockchain's ability to scale faster and allows for higher transaction throughput per second, while also reducing transaction costs. NEAR can maintain a single chain of data with Nightshade. These nodes perform the computing necessary to keep the data in 'chunks. The nodes then process the data and add additional information to the main network. Nightshade's architecture is more secure than other blockchains. The participating nodes only have to maintain smaller sections of the blockchain.


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