Know about NEAR Smart Contracts

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NEAR protocol targets eliminating the blockages that appear in the way of adopting web 3.0. It provides speedy transactions with minimal processing costs. NEAR has a robust and progressive UX for dApp users on a decentralized finance platform. It is environmental friendly in nature, surfacing as one of the best digital market ecosystems.



 About NEAR smart contracts

Smart contracts are a set of pre-defined and executable codes that are triggered automatically when both parties reach an agreement. Any languages supported by the Web Assembly (Wasm) can be used to write NEAR smart contracts. However, it presently supports Rust, JavaScript and AssemblyScript. NEAR smart contracts are necessary as it facilitates the creation of entirely decentralized applications that can automatically carry out multiple tasks like transactions.

NEAR smart contracts are simple to build and maintain. It is beneficial for developers as it helps build

·         Decentralized Autonomous Organizations,

·         decentralized Applications or dApps,

·         NFT or art marketplaces,

·         Decentralized exchanges, and

·         Other web3 services.

NEAR smart contracts development using Rust

Although smart contracts on NEAR can be built using JavaScript, Rust and AssemblyScript, this article will explain how to build NEAR smart contracts using Rust. Before moving forward with the Near development process, you need first to install the prerequisites, which are

·         Rust toolchain

·         NEAR command-line interface (near-cli)

·         A NEAR account

·         Rustup

 

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